Riskonnect Backs Its Claims of “Revolutionary Technology” for the Risk Management Industry with Its List of “First to Market”

Riskonnect’s Game-Changing Technology Has Enabled It to Be First to Market with Numerous Features and Functionality

MARIETTA, Ga.--(BUSINESS WIRE)-- Independent risk management technology company Riskonnect, Inc. announced today its list of features and functionality where it has been first to market. Riskonnect’s game-changing, cloud-computing business model has brought revolutionary changes for those companies already on board. In the risk management industry, where technology has traditionally lagged behind other industries, Riskonnect introduced new technology with three to four major upgrades to its products and services each year since its inception in July 2007.

Why does first to market matter? “Technology should enable progress, rather than being a source of frustration,” Bob Morrell, CEO of Riskonnect said. “Until now, risk managers have had to suffer with legacy technology solutions. Riskonnect not only provides reliable solutions, but continuously innovates, providing features demanded by risk managers for their ever growing list of responsibilities. Riskonnect clients are using our technology to broadly contribute to their organization, in ways they have never been able to before.”

Riskonnect’s “first to market” features and functionality include:

• Cloud-computing – Riskonnect was the first technology vendor to bring the power of cloud computing to risk management, allowing for greater technology and scalability to be available to risk managers.
• Enterprise Risk Management (ERM) integrated with a Risk Management Information System (RMIS) – Riskonnect was first to bring a combined ERM and RMIS solution to the risk manager. Riskonnect first offered ERM to the market in January 2008.
• Mobile computing – Riskonnect was the first to bring extensive mobile capabilities to the risk management and safety functions through its Mobile Computing technologies, operating on iPhone, Blackberry and Droid devices. Not only can executive management, risk professionals and operations view reports and dashboards, enter data and manage key business processes on a smart phone, they can also enter new incidents/claims, convert incidents to claims, modify existing records, forward claims to TPAs/carriers, approve payments and reserves, send notices to an excess carrier, alert outside council, facilitate safety inspections documenting deficiencies and recommendations, and send supporting photos from the job site, and more.
• Riskonnect Email Services setup and configured by client system administrators – Automated or manually generated emails transmit data directly into Riskonnect RMIS, enabling automated responses of approval process workflows, and creating and populating new records, such as incidents, claims, properties, certificates of insurance, and more.
• IBM Cognos – Riskonnect was the first to bring IBM Cognos Business Intelligence to ALL RMIS clients; offered seamlessly within Riskonnect RMIS.
• Communication and Collaboration capabilities – Riskonnect was the first to bring communication and collaboration capabilities to the risk management industry through the release of Chatter in June 2010. This is revolutionizing the way people interact and communicate with others in business.
• Graphical depiction of workflow – Riskonnect was the first technology vendor, in early 2009, to enable real-time, graphical displays of configured workflow processes.

Riskonnect will be showcasing these features and much more at the industries’ major annual convention, the Risk and Insurance Management Society (RIMS) 2011 Annual Conference & Exhibition being held this year in Vancouver, Canada, May 1-5.

About Riskonnect, Inc.

Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value. For more information about Riskonnect, contact us at www.riskonnect.com, email to [email protected] or call 770-790-4700.

Riskonnect, Inc.Kelly M. Barton, 770-790-4710
Vice President of Marketing
[email protected]

Source: Riskonnect, Inc.