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Repository of Risks



For immediate release – July 31, 2008



Incom®, supplier of the world’s leading fully translatable risk management software system, has announced the release of Version 3.1 of their popular Enterprise Risk Register©, and at the same time releases a new product, Risk Management Repository™.


With the release of V3.1, any Incom customer is able to not only manage risks and incidents proactively, but has access to a risk repository which is a valuable source of information for risk and business managers.


Industry sectors include mining and energy, building and construction, local government and health services.  Subject matter includes general business and financial risks, InfoSec, Information Technology, clinical and critical infrastructure risks.  Standards supported include AS/NZS 4360, AS1885, AS 3806, ISO 27001/17799, ISO 14000, COSO, ACHS EQuIP, and the upcoming ISO 31000


Incom CEO David Watson said today,” When an organisation is migrating to an integrated Incom system, we can save an inordinate amount of time and effort by utilizing prior knowledge.


“Incom systems operate effectively as the primary risk management system in any organization.  However, if another enterprise risk system has been deployed in an organization, Incom’s systems may be deployed for specific projects because the software is easy and quick to setup and use.


“Some projects with limited time-frames that are normally excluded from overall enterprise risk management are merger and acquisition due diligence, infrastructure roll-out, IT projects, change management programs, and physical asset assessments.  Systems range upwards from 5-user RiskEasy® systems to Enterprise Risk Register®. The software is very easy to use.” Mr. Watson said.


Mr. Watson said many organisations are still trying to manage risks with spreadsheets and in so doing, do not have a good overall view of their risk exposure and may be piling up reputation risk, financial risk, legal risk and more.


Incom helps customers move from spreadsheet risk management to web-enabled database driven risk management in the shortest time and lowest cost by providing powerful tools that are simple to install, configure, train and use.