Enterprise Risk Management

The Dilemma of Risk Management

Developing an effective Enterprise Risk Management (ERM) program is a complex and tedious task. A strong ERM process presents a broad picture of risk in the credit union and enhances the understanding of the relationships of risk. An ERM program provides a warning system of future risk and allows management the opportunity to concentrate on attaining goals and less time fighting fires.

Option 1 – Full Service

To meet this need, Paragon Enterprise Risk Management provides a comprehensive package of services, including the following:

  • Compliant ERM policy
  • Critical processes identified
  • Processes reviewed and assessed
  • Controls established for each process
  • Ongoing monitoring of processes and controls
  • Highly robust and comprehensive online application
  • Unlimited training and user accounts

Powerful Software

Prizm software, developed by Quantivate, is a highly robust and comprehensive online application, designed to exceed industry standards for managing ERM development.

Prizm Software includes the following key features:

  • Secure, Encrypted Storage for Related Documents
  • Key Milestone & Date Tracking with Flexible Email Notifications
  • Elegant Management Reporting
  • Completely Customizable Data Tracking Elements
  • Licensed 24/7 Technical Support
  • Seamless Integration into Business Continuity Planning and Vendor Management

Implementation and Support

The Paragon Group provides customized, outsourced implementation and support to make full use of the ERM Tools and Prizm Software.

Paragon’s experts guide you through the ERM process by:

  • Interviewing key staff
  • Identifying critical business processes
  • Performing preliminary scoring
  • Validating preliminary scoring
  • Evaluating existing score structure
  • Modifying risk scoring to calculate residual risk scores
  • Ongoing monitoring
  • Providing recommendations for remedy

Option 2 – Software Services

If software is all that is needed, Prizm software, developed by Quantivate, may be implemented without the implementation and support option.

Live Demonstrations

Request a face-to-face meeting.

If your Credit Union is considering using Paragon Enterprise Risk Management and would benefit from a live demonstration, please let us know by selecting “onsite demonstration” from the webinar date list. Please also add pertinent comments when you register.

We will contact you by phone to discuss the details.

Attend One of Our Weekly Webinars.

We think you will be impressed!
To attend, register for webinar.
Of course, your personal information will remain private.
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When you register, connection details will be emailed to you.

ERM demos are Friday @8:30
VM demos are Friday @ 10:00
BCP demos are Wednesday @10:00



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