Archer Advances Operational Resilience with Enhanced Prioritization, Visibility and Reporting Capabilities
September 20, 2022—Overland Park, KS. Archer®, the leading provider of integrated risk management solutions, today announced enhancements to the Archer Operational Resilience solution to support growing customer needs for effective operational resilience across complex organizations. These new capabilities are designed to:
Simplify the process of building resiliency by providing better prioritization and visualization of what needs to be made resilient inside the organization and across supply chains
Provide enhanced reporting capabilities that risk teams and executives require to improve monitoring and measurement of resiliency efforts
Enable risk and resiliency teams to engage stakeholders more quickly and seamlessly across the organization as part of their everyday responsibilities
Operational Resilience has emerged as one of the most urgent business priorities driving the ongoing evolution of risk management. Recent studies have shown that nearly 100 percent of business leaders believe their organizations will face serious threats or disruptions in the next two to three years, yet nearly 80 percent of board members feel unprepared for a major risk event.
"The enhancements we’re delivering extend the value of Archer Operational Resilience for our customers and provide deeper integration into other areas of risk for a more coordinated approach to resiliency,” said Amy Robertson, director of product management for Archer.
The latest enhancements to Archer Operational Resilience help break down the complexity of organizational and supply chain resilience into more manageable steps. Using Archer, customers can visually catalog and track their entire supply chain and assess and report on critical risks and the status of third-party resilience. New mapping capabilities provide visualization of physical assets beside real-time events such as wildfires, tornadoes, or earthquakes, enabling quicker and more effective response. Key metrics can be viewed at multiple levels throughout the supply chain, as well as internally (products and services, divisions, or business units supported by third parties) so teams can focus on what is most critical and take corrective action if needed.
“Modern organizations are increasingly focused on managing business risk to foster resiliency and trust. However, much of the risk that an organization contends with is not internal but stems from third-party relationships,’ said Amy Cravens, Research Manager for Governance, Risk & Compliance at IDC. “By connecting risk intelligence across operational, cyber, compliance, and third party, organizations can more accurately assess risk and the potential impact on the business.”
Integrated risk management (IRM) serves a vital role in building operational resilience, in driving consistent and quantitative metrics on critical risks and the status of resilience. New resilience assessments including a Zero-Day vulnerabilities assessment and a location-based assessment, quantitative metrics, and resilience scorecards help monitor the status of resilience efforts at various levels (cyber, IT, facilities, people and third parties). These enhancements not only simplify the process, but also provide quantitative and qualitative insights needed by executives and others making decisions about risk and prioritizing resilience activities relative to their company’s strategies.
First line business units make business risk decisions every day that are important for risk teams to be aware of so they can help direct them. Archer Operational Resilience includes resilience assessments administered through Archer Engage that can quickly and easily be distributed widely across the company and completed by anyone inside or outside the organization – not just those with an Archer login. The results can inform risk teams on how better to help business units manage the risks they face and reduce the negative impacts to the organization.
To learn more about Archer Operational Resilience, visit www.ArcherIRM.com.