According to Dan Roderick, President, Strunk and Tubal Pro, Risk Manager software brings together efficiency to the organizational process and enables banks or financial institutions to focus their best parts of risk management. The solution is simple but extremely comprehensive, making the Risk Manager software anything but optional even for the most profitable banker. The software has been developed by a team of experts led by Dan Roderick. The key features include maximum results from the maximum possible input, comprehensive risk reporting and superior mathematical optimization.
The software’s report generation capabilities are fast, accurate and up-to-date. It’s liable to over 300 different risk atlas sites, including: Citibank, Bank of America, Chase, CitiBank, Fleet Mortgage, Equifax, HSBC Bank, MBNA, Screener Risk (formerly TRW), Trans Union and Wells Fargo. Each of these sites provides detailed information about the individual products and lines of credit of each lender. Using our proprietary internally generated atlassian marketplace links, the software identifies the weakest links and recommends solutions to each. The recommended solutions are then sent to each lender via e-mail.
The majority of Risk Manager programs allow the user to instantly evaluate a wide range of investments and recommend appropriate solutions for each one. However, some programs do require that you manually input the relevant information into the program. However, most banks and institutions have now made Risk Manager available in a hosted environment on third party content websites. These third party content sites are governed by the same atlassian marketplace policies that apply to content offered on the bank’s website and must meet the same disclosure requirements.
This distributed model gives customers access to not only the latest reports, but also allows them to easily compare and contrast them. Risk managers can customize their software in order to meet their specific needs. For example, some provide customized options for higher credit risk individuals, or those with more complex portfolio risk profiles. Others still may have additional options such as different time periods for risk management reports, an emphasis on stock or bond risk, as well as the ability to manage multiple investments across multiple accounts. The software can be further customized by adding additional risk management features such as asset allocation, exit and gain advice, as well as alerts based on certain criteria.
Some risk manager software packages offer an intuitive interface for the ease of use of a novice trader. Additional reporting and analysis tools can also be included in some packages, allowing users to receive tailored reports for a variety of investment types and risk characteristics. In addition to offering useful features to simplify risk assessment, a good risk management software package will also offer helpful tools for future investment planning. The ability to create a risk profile by evaluating your own risk management portfolio and comparing it to what the bank offers is one of the most basic functions that a good Risk Manager Software package can perform.
Another major benefit of using a good risk manager software package is that they are extremely reliable. Since most applications run on back-room servers maintained by the company that developed the program, they are updated on a regular basis with the latest information. This reduces the opportunity for human error to significantly impact an application’s performance. Although there are a number of online tools to help you assess risk, none are as dependable as the ones provided by reputable risk management software companies. As such, it should not be difficult to find an affordable, reliable option that meets your individual needs.
A good risk manager software package will make use of both technical and historical data to generate risk profiles for your account. This will allow you to get an accurate picture of the risks involved in each investment possibility. As such, these programs can be invaluable when used with other risk management programs such as an Exchange Risk Management (ERM) package. The ERM program should be able to generate similar risk profiles as well, and it can be useful for both types of software packages.
Of course, choosing the right software package is only part of the equation. In order to get the most from your risk manager software, you must also select an appropriate product for your trading profile. For instance, if you plan to apply the package to both long-term and short-term trading, then you need a product that can handle both types of market conditions. Similarly, you also need to make sure that the risk manager software you purchase can support a wide variety of trading strategies, since this will allow you to diversify your investments.
Are you looking for the best risk management software, feel free to call us for a free quote.
Risk management systems help companies efficiently manage consistent risk evaluation and mitigation processes with the best risk management tools. Contact us today for more details.
