July product release introduces centralized strategies library and impact tolerance gap reporting

Riskonnect, the leader in integrated risk management (IRM) solutions, today announced enhancements to its platform. The new features help organizations build business continuity and operational resilience in alignment with regulatory measures and drive efficiency and consistency across their response strategies.

The enhancements come out of Riskonnect’s acquisition of Castellan Solutions. The acquisition furthers Riskonnect’s integrated risk management vision of bringing all aspects of Risk Under One Roof by seamlessly incorporating Castellan’s business continuity and operational resilience capabilities into its platform.

Riskonnect’s July product release introduces Organization Strategies, which enables resilience leaders to create and manage Strategies in a central library and drive consistent response and recovery approaches across the organization. Strategies are automatically pulled from business impact analysis (BIA) into associated Plans where tasks are added to make the Strategies actionable.

“The addition of Strategies helps resilience leaders proactively understand and address vulnerabilities and drive efficiency throughout the planning process,” stated Riskonnect’s Senior Vice President of Product Management, Kathryn Carlson.

Riskonnect’s business continuity and operational resilience capabilities include new features to help organizations quickly identify and address potential gaps in their ability to tolerate disruptions. The new Impact Tolerance Gap dashboard provides an interactive report. Users can easily view important business services by committed, proven, and lowest impact tolerance to identify gaps in alignment with regulatory requirements.

Additional features of Riskonnect’s latest release include:

• Advanced approval workflows for the Operational Resilience module
• Full report customization within enterprise account dashboards
• Various enhancements to the mobile application

“Today’s business environment is highly uncertain. We’ve added these new capabilities to equip our customers with the tools they need to view risk holistically and better prepare for and mitigate potential threats,” said Riskonnect’s Chief Marketing Officer Andrea Brody. “The platform enables users to leverage automation and intelligence to solve operational resilience, business continuity, and crisis management challenges in one centralized location.”

Riskonnect acquired Castellan in July 2022. The two companies operate as one entity under the Riskonnect brand.

For more information visit www.riskonnect.com and www.castellanbc.com.

About Riskonnect

Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 2,000 customers across six continents use our unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 800 risk management experts in the Americas, Europe, and Asia. To learn more, visit riskonnect.com.

About Castellan Solutions

As the global provider of resilience management solutions, spanning consulting, software, managed services, and staffing, Castellan – now part of Riskonnect – is uniquely positioned to help organizations find the right balance of risk tolerance and resilience to protect their people, reputation, customers, and bottom line. Leveraging a proprietary proven process for driving organizational readiness and response, Castellan partners with clients to establish a clear vision, drive real results, and provide ongoing support from their community of resilience experts. Castellan helps organizations replace uncertainty with confidence. Now you’re ready.^TM Visit castellanbc.com.

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