Do you still carry out your risk aggregation with Excel & Co.
Have you ever wondered whether risk aggregation in other companies is just as time-consuming as it is in yours?
Why do the big players in the market seem to manage their risk management effortlessly, while you regularly struggle with huge amounts of data and the interaction of complex risk scenarios?
What do these companies do differently?
The answer: Many of your competitors have long since said goodbye to Excel, Oracle, Tableau & Co.
And there is a reason for this: the IDW PS auditing standard of the Institute of Public Auditors in Germany (IDW) obliges practically all large companies to implement comprehensive risk management, including risk aggregation.
This means that you must be able to assess the full scope of your cumulative individual risks at all times.
To do this, you need to record, compare and evaluate all types of risk along your value chain in real time - and initiate appropriate preventative measures based on this. Standard software quickly reaches its limits here because it lacks the important functions for efficient data handling and automated reporting.
- If you work with Excel &. Co., the success of your risk aggregation is 100% dependent on your manual calculations - a difficult task when you consider how many incidents are disrupting your supply chains every day.
- Manually performed risk aggregation takes up a lot of time and is extremely error-prone.
- Plus: The big picture is neither tangible for you nor for your stakeholders.
Would you like to change this unsatisfactory situation? Then we can help you.
Software-driven risk aggregation: Full risk transparency. Independence over time.
What you need today to meet the high requirements is a clear, easily comprehensible process for risk aggregation, in which a large part of the previously manual processes such as data collection or data transport are carried out automatically. This allows you to concentrate fully on your core competencies: Conducting negotiations, making decisions and averting threats to your company.
With antares RiMIS® you strengthen your company with a modern and intelligent risk management tool that offers many useful functions for risk aggregation and saves you many hours of work each week. The holistic approach is particularly noteworthy: antares RiMIS® is an integral all-in-one solution for your complete risk management.
This means that the software can be integrated into your processes either completely or in the form of individual modules as required. Forget hours of evaluating Excel spreadsheets and time-consuming data transfers between different tools: With antares RiMIS®, your risk management finally has a home.
And to ensure that you are completely satisfied with your risk aggregation solution, we will be happy to customize the software to your needs on request. You can look forward to comprehensive reporting, clear statements on risk exposure and transparent reports - without any additional manual effort.
This is how easy risk aggregation works with antares RiMIS®:
- Step 1: Create your master data
- Step 2: Create a risk portfolio
- Step 3: Evaluate all your risks in relation to each other at the touch of a button
Your next steps:
- Free consultation and offer: We invite you to a free consultation in which we will show you how antares RiMIS® simplifies your risk aggregation from the ground up. We will also present specific solutions for your individual challenges and provide you with a concrete offer for implementation, use and customizing.
- Workshop & customizing: Do you have individual functional requirements? In a joint workshop, we work out a precise roadmap on how we can adapt antares RiMIS® to your individual requirements.
- Technical realization: Our developers implement your wishes in antares RiMIS® within 2 - 3 weeks and thus master the step to quickly available individual software.
- Implementation: We implement the new software in your company on the agreed fixed date and you receive your access data. Comprehensive training and ongoing support for the maintenance and further development of your solution are included.
antares RiMIS®, your risk minimization tool - these are your advantages:
- Make the right decisions: antares RiMIS® shows you 24/7 which risks you should pay attention to now in order to protect your supply chains.
- Evaluate all risks with high precision: With our solution, you receive all the important information you need in real time to accurately assess the entire risk potential of your typical project risks, financial risks, compliance risks, environmental risks or product risks.
- 365° risk management with one central tool: antares RiMIS® provides all the functions you need for comprehensive risk management, such as supplier monitoring, incident management, risk aggregation and risk reporting.
- Make your risk assessment comprehensible: Use clearly itemized reports to show your stakeholders which risks threaten your supply chains and justify the selected risk control measures using verifiable facts.
- Improve your ability to act: Thanks to real-time risk aggregation, you can react faster to changes than your competitors.
- Customize the solution to your own needs: Thanks to our smart development approach, we can adapt your risk aggregation solution to new requirements at any time and add the modules you want.
- Optimize your processes based on data: Benefit from meaningful reports to optimize your processes in a data-driven way and make your company even more resilient.
- Meet all legal requirements: Raise your risk management to a legally compliant level that is guaranteed to meet today's demanding compliance regulations.
- Save several hours a week: Leave Excel & Co. behind. antares RiMIS® automatically performs most of the time-consuming routine tasks such as data merging, data consolidation and data analysis for you.
antares at a glance
- Leading software provider in the areas of LkSG and risk management
- 30-strong team consisting of IT and technical experts
- Own in-house development team
- Around 30 years of experience in the development of information systems
- 3,000+ projects successfully completed
- 45,000+ active users work with antares information systems every day
Extract from our references
Is the implementation very time-consuming?
We understand that you are worried about your internal processes because your risk management is currently a major time waster. You really don't need additional interruptions in this situation. For this reason, we have equipped antares RiMIS® with a particularly user-friendly user interface. Most of the functions are self-explanatory and you are guided through the menu step by step. Your users will find their way around the tool in no time at all.
To ensure that you don't lose any valuable time during implementation, we attach great importance to good preparation, i.e.: We take care of your individual customization requests in advance so that we can devote 100% of our time to implementation on the agreed deadline.
It goes without saying that we get your team on board for the changeover, train you in the use of your new risk aggregation solution and are always on hand to provide you and your colleagues with help and advice. Thanks to these steps, you will notice impressive improvements after just a few days and be able to carry out more meaningful risk aggregation in significantly less time.
In the long term, antares RiMIS® will free you from most of the routine tasks you hate so much, you will receive meaningful risk reports with just a few clicks and will gain valuable time for your core tasks.
From complex to simple: automate your risk aggregation
Do you always find it difficult to correctly assess the full extent of your various risks? Do you want maximum transparency and clear recommendations for action in risk aggregation - without having to spend hours struggling with Excel spreadsheets, Word documents and internal company databases?
Then switch to antares RiMIS® - a functional software solution that not only supports you with risk aggregation, but also with complete risk management. This allows you to manage risks proactively and take control of your corporate planning. Forget stressful internal discussions about the right way to deal with the various risks: antares RiMIS® uses clear facts and figures to show colleagues, board members, managing directors and investors which dangers you should pay full attention to in order to avert damage to your company.
Does that sound promising? Then arrange your free appointment now to save a massive amount of time in risk aggregation and bring maximum transparency and the highest data quality to your risk management.
Arrange a free product demo
Select your desired option and arrange a free, no-obligation consultation with our Managing Director Jochen Brühl.
We will answer your questions and ensure that you get to know our software in detail. We will be happy to show you the solution to your individual requirements. If you wish, we can then present our software's range of services to you, live and direct, via a web session or in person at your premises.
FAQs - frequently asked questions about risk aggregation with antares RiMIS®
By definition, risk aggregation is the process by which various individual risks are combined to form an overall risk.
This process helps companies to obtain a comprehensive overview of their risk situation. Aggregation enables them to better assess how risks affect their business and take appropriate measures to minimize risks.
Risk management involves the process of identifying, assessing and controlling risks. Statistical risk aggregation methods such as Monte Carlo simulation are often used to run through various scenarios and understand the potential impact of different risks on the company's own supply chains.
A systemic, data-driven approach to risk aggregation is essential today, as this is the only way to analyze a company's various risks holistically and in real time.
By using a software solution such as antares RiMIS®, companies can make well-founded decisions based on comprehensive data and better understand potential risks.
This makes risk management more effective and time-saving. As the person responsible for risk management, you can respond proactively to potential risks, which ultimately promotes the resilience and long-term success of your company.
New norms and standards for risk management, such as IDW PS 340 or ISO 31000, set clear guidelines for companies to implement comprehensive risk management.
These standards define requirements for risk aggregation, risk-bearing capacity and reporting in order to ensure better control over potential risks and improve financial stability and compliance.
The cost of antares RiMIS® depends on your individual module configuration and the degree of customizability. As part of a free live demo, we will be happy to discuss with you which configuration might make sense in your case, including a cost estimate.
Yes, antares RiMIS® is an individually configurable, modular software solution that we will be happy to expand to include your individual functional requirements.