Having previously managed all our Corporate risks via spreadsheets we are currently migrating our risk registers onto the Symbiant Risk Management System.
The capabilities of the software are allowing us to considerably enhance the level of risk maturity across the University. It is allowing us to transform the management of our organisational risks to the extent that our Risk Management Policy is now being reviewed to ensure it takes into account the potential of the new software.
As a Higher Education Institute our risks are, on-the-whole, assessed and evaluated on a qualitative rather than quantitative basis – Symbiant is able to accommodate this and allows us to clearly link risks to our non-financial, academic objectives.
Symbiant is also proving highly customisable to our needs with staff finding the user interface intuitive and familiar. This has considerably reduced the training and support burden as we roll it out.
The extremely comprehensive reporting suite allows our schools and business units far more freedom and scope to identify and record their local risks since the large amounts of data generated can be easily and almost instantly reported upon in many ways including heat maps and colour coding. This is enabling our risk management to become far more comprehensive.
Updates and improvements to the software are regular and reliable with Symbiant having introduced some minor requested enhancements within just a few days.