The growth of certification and credentialing requirements across a wide range of industries has increased the need for businesses to efficiently manage the processes and risks associated with compliance. In order to face these challenges, they require a well-organized system that allows them to implement what is known as an Integrated risk management program.
Integrated risk management is defined by Gartner as “a set of practices and processes supported by a risk-aware culture and enabling technologies, that improve decision making and performance through an integrated view of how well an organization manages its unique set of risks.”
Integrated risk management by definition is unique to each company depending on the type of business they run, their supply chain, their employees, their customer-base, the equipment they use, and so on. This can make it difficult to create a single IRM strategy that works for everyone.
ARMATURE Fabric™ is a unique software platform that helps businesses optimize performance, build resilience, manage compliance, and minimize risk. It is the culmination of the decades of experience we have managing different IRM strategies across a wide range of industries. Below are some of the things our customers like the most about using ARMATURE Fabric™ to power their IRM strategy.
Single source of truth
One thing that people like most about ARMATURE Fabric™ is that it is a single source of truth for all accreditation and certification activities within the company, regardless of the industry or business type. The platform serves as a centralized location that keeps track of everything including applications, certifications, audits, assessments, documentation, corrective actions, reporting and more. All this information is contained in a single tool instead of being buried in a mountain of paper or strewn across multiple software systems.
This creates better insights into how successful an IRM strategy is. ARMATURE Fabric™ also provides automated toolsets to improve the efficiency of your program from identifying and remediating non-conformances to standardizing your workflows and processes across different regions.
Another important aspect of having all of your IRM activities in a centralized location is the ability to provide insight to your stakeholders. Whether it’s a new or re-certification, an audit, or year-end reports, users can easily access and report out on any information that might be requested from an external source.
Room to grow
Over the last two decades we have worked with all different types of clients. Some were first time converts who were just beginning to move away from piles of paper, to those that are more technically savvy and are looking for advanced systems to manage their IRM strategy. We’ve taken these experiences and designed ARMATURE Fabric™ to be successful for both types of customers.
The high configurability of the user interface makes it easy to customize software to meet your specific needs. This simplifies the experience for new users, allowing them to quickly get up and get running with their new IRM activities. This also enables more technical users to create and track more advanced activities, depending on their needs.
It comes with a flexible API, which enables programmatic access to your information and supports automated processing. Businesses can also use the API to integrate with other certification programs that they may be using, making it even easier to access all of your data in one place. The platform is multi-platform, meaning you can take your work into the field and have access to all of the data you need on your laptop, mobile, or tablet.
The flexibility of the platform gives both new and advanced users an experience that meets their needs. The platform’s simplicity allows first-timers a low-entry point to managing their IRM strategy – with the ability to grow their use of the more technical features of the platform as their strategy evolves.
A final benefit we hear a lot from our customers is the ability to save money while improving the efficiency of their IRM strategy execution.
More time, less stress
Perhaps the biggest benefits businesses realize when they implement a smart IRM strategy are the savings. Savings can come in many forms such as time, money, and stress, all of which can cause headwinds to companies that are struggling with compliance and accreditation. Having a centralized, flexible IRM platform equates to less prep work and quicker execution at any step of the process. Automated, standardized workflows ensure quality and compliance across diverse regions and markets which saves time and can increase recertification rates.
Less churn within the organization means fewer resources being used that can be freed up to improve the strategy or tackle other projects. Easy to use reporting gives valuable insights for any step of the process to any level of the organization, improving communication and transparency while providing actionable insight. There’s even a Continuous Professional Development Module that allows you to easily manage and enforce CPD/CEU requirements.
All of these benefits add up to less stress for everyone involved in managing certifications, accreditations, risk, suppliers, audits, compliance, or quality within the organization. This has been shown to improve efficiencies across the board, resulting in a more effective IRM strategy overall.
Our goal is to supply the best solutions possible to help you take better control of your IRM strategy. With ARMATURE Fabric™, you can leverage our years of experience to provide a consistent, effective approach to managing and monitoring the impact of your governance, risk, and compliance programs. If you’re ready to get started, head on over to https://armaturecorp.com/armature-fabric/ to learn more.
By
Patrick Collins