CMCS, STG tie up for broader use of web-based Enterprise Risk Management in ME

Published March 21st, 2010 - 08:21 GMT

Collaboration, Management and Control Solutions (CMCS), a leading provider of Project Portfolio Management (PPM) solutions, has announced that it has partnered with Strategic Thought Group (STG) to promote broader use of its web-based Enterprise Risk Management (ERM) software to enhance enterprise and project management capabilities in the Middle East region

STG is the developer of Active Risk Manager (ARM), the most widely deployed Web-based ERM software in the world. ARM meets the risk management requirements of over 32,000 enterprise users working for more than 170 of the world’s top businesses. Under the CMCS-STG partnership, CMCS will act as the regional distributor and representative of ARM. The company will be involved in the deployment of ARM in some of the regions largest and well known companies. Existing regional customers include Saudi Basic Industries Corp. (SABIC), one of the world's leading manufacturers of chemicals, fertilizers, plastics and metals, and Al Habtoor, and Tadawul the Saudi Stock Exchange.

“More organizations across the Middle East are turning to advanced risk management strategies to protect themselves against regulatory, performance and operational hazards. Given today’s highly competitive and unpredictable markets, companies need systems such as ARM to enable them to focus on their core activities rather than exert extra time, money and effort to resolve what could have been easily-avoidable problems and to grasp opportunities,” said Bassam Samman, CEO and Founder, CMCS.
 
ARM provides advanced features for meeting external compliance requirements such as Sarbanes-Oxley Financial and Accounting Disclosure and provides internal control frameworks for project portfolio risk, supply chain risk management, business continuity, reputational risk, health and safety, and governance, among others. It supports the identification, communication, analysis and mitigation of risks and opportunities in both quantitative and qualitative formats. ARM users include the US Air Force, British Nuclear Group, Rio Tinto, Lockheed Martin, Nestle, NASA, London Underground, and Raytheon.

“ARM is a mission critical system for optimizing the risk and reward management capabilities of organizations and projects operating across the Middle East. Through CMCS’s extensive regional exposure and expertise we feel well positioned to reach our goals quickly and efficiently,” added Karl Pringle, EMEA Sales and Global Alliances Director, Strategic Thought Group.

Founded in 1987, Strategic Thought Group PLC offers comprehensive enterprise-wide risk management (ERM) solutions via advanced software and services that can be deployed across all organizations in all industry sectors. The Group is headquartered in the UK and has a US operation, Strategic Thought Inc., based in Washington, DC.
 
Collaboration, Management and Control Solutions provides advanced Project Portfolio Management (PPM) solutions to over 1,400 clients from various industries ranging from Engineering and Construction to Media and Entertainment. It is a registered education provider for the Project Management Institute, the Association for the Advancement of Cost Engineering, the Construction Specifications Institute, and the International Institute of Business Analysis. CMCS is an authorized distibutor of Oracle’s award-winning Primavera line of Enterprise Project Portfolio Management Applications in the Middle East.


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