Case Studies

First Utility

The Challenge

As a rapidly growing company First Utility’s demands on its risk management team were also growing rapidly. With a manually intensive approach to risk management they needed to move to a built for purpose risk management solution, rather than continuing to rely on Excel and sheer man power.

The Solution

• An online Risk Register to record, review and disseminate risk information to relevant stakeholders and employees.
• Automated workflow to prompt owners to approve and update risks or related content.
• Real-time tiered reporting dashboards to highlight trends or issues, with the ability to drill down directly into underlying content.

The Outcome

• Centralised tracking and reporting of risks, removing the requirement to manually compile reports for risk committee meetings.
• Mapping of risks to controls and mitigating actions has enabled the seamless management of many to many relationships.
• The status of risks and associated actions is now available at the click of a button, saving significant amounts of time.