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Texert Introduces Innovative Software to Support Standard & Poor's Enterprise Risk Management Analysis

Posted on: Wednesday, 13 May 2009, 07:00 CDT

Latest release enables enterprises to support ERM effectiveness for Basel II, Solvency II, and FSA requirements.

DALLAS, May 13 /PRNewswire/ -- Texert, Inc., a leading provider of innovative software solutions that enable an intelligent risk aware enterprise and support early warning risk detection announces the availability of its J-Port(R) product to support enterprises in achieving ERM effectiveness and improved Standard and Poor's ratings. Texert's J-Port(R) enables corporate enterprises to automate, manage and improve risk culture, monitor the risk process, minimize loss events, manage regulatory compliance and ultimately improve business performance.

As the current global financial economic crisis has demonstrated, it is no longer sufficient for corporations to rely solely on quantitative Value at Risk (VaR) models to analyze and assess risk. Market dynamics have evolved beyond regulatory compliance to include a broader range of risk assessments and enterprise intelligence; corporations must complement effective risk management with cost-effective regulatory compliance and provide business intelligence required to improve risk decision-making.

Regulatory and ratings organizations including Standard and Poor's, Financial Services Authority (FSA), and North America Electric Reliability Corporation (NERC) are focusing on ensuring executives have the necessary information to gauge accumulated risks across the entire enterprise, understand their linkages, correlations and impacts, and put in place the preventive measures to mitigate exposure. Key stakeholders including Corporate Boards, executive management and risk and compliance owners, must have a corporate-wide view of the risk culture, processes and risk/performance indicators to manage strategic, operational and financial risk.

Next generation ERM solutions must enable a comprehensive approach for the entire organization and provide the transparent view of potential weaknesses and correlations across multiple business units.

Texert's J-Port(R) GRC provides an innovative and comprehensive solution to address the needs of corporations who are integrating effective risk management as a part of an overall culture and business strategy. Corporate enterprises spanning various industry verticals including financial, energy, utilities, telecom and healthcare require next-generation product capabilities that enable a lower cost of ownership, enterprise-wide transparency and seamless integration into existing environments. J-Port(R) GRC is the differentiated solution that:

• Provides a holistic view of risk and compliance across the enterprise enabling key stakeholders to assess, manage, and monitor strategic, operational, financial, and legal risks.
• Enables automated risk assessment to enhance subjective risk self assessments and provides near real-time evaluations and performance monitoring.
• Leverages a powerful correlation and aggregation capability to identify the impacts of potential risks in various business processes.
• Integrates, seamlessly, into the existing environment and co-exists with existing audit and compliance tools focused on specific areas.

"Corporate enterprises recognize there is a strong correlation between effective risk management and sustained, improved business performance in this dynamic regulatory and ratings environment. J-Port(R) GRC provides an innovative platform that enables this correlation and ultimate risk transformation," stated T. Curtis Holmes Jr., Texert President and CEO.

About Texert

Texert is a leading provider of enterprise risk management (ERM) software solutions. Texert's J- Port (R) GRC is the next-generation Governance Risk and Compliance solution that enables a comprehensive, intelligent view of risk across the entire organization. Global customers spanning various industry verticals are utilizing Texert's J-Port (R) GRC software to consolidate risk assessments, governance and internal controls into a synchronized risk-aware platform.

For more information please contact us at info@texertinc.com or visit our website, www.texertinc.com.

SOURCE Texert

Source: PR Newswire

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