CHICAGO – Alliant CU announced yesterday it has signed with SAS to upgrade its enterprise risk management program with the company’s OpRisk Management.
The $7 billion credit union expects to pinpoint enterprise targets for loss reduction. It said it already has seen substantial time savings when analyzing information and a more efficient distributed-risk assessment process. The company said Alliant can have real-time, updated risk information and focus on facilitation rather than administration. The information from the initial phase of the software implementation will link ERM and internal audit.
Alliant will generate direct benefit to members by minimizing losses, focusing management on key risks and better understanding risk exposures. The organization believes aligning its program with the Basel framework will also help it to benchmark and quantify true operational costs and risks, therefore streamlining operations.
