International Personal Finance commit to supporting their Risk Management program with Pentana Risk
International Personal Finance (IPF) operates in a challenging and dynamic market that requires a robust risk management system to facilitate a quick decision-making process. Prior to their implementation of Pentana Risk, IPF used an internally developed Excel-based tool to identify, assess and report risks across their business units and Group. This reliance on a non-customised risk management tool required a significant amount of time and effort.
As a growing organisation operating in 11 countries and one that is increasingly regulated both in the UK and the markets in which they operate, IPF also recognised the need for a tool that was scalable, something their previous software solution could not achieve.
On selection of Pentana Risk, IPF prioritised three of the eight modules available within the software -Â
• The Risk Module which brings risk management to life as a dynamic and integrated process allowing IPF to identify, assess, prioritise and control their risks.
• The KPI Module which provides an integrated, organisation-wide repository for performance operation allowing IPF to measure their risks.
• The Action Module which is designed to consolidate all action plans, initiatives and key projects in one location.
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With Pentana Risk we identified that we could produce better and faster risk and internal control reports with a tool that provided stability when considering the complexity of our risk and internal control process, accessibility, number of users, audit trail and compatibility with our IT Infrastructure