July 23, 2020
(Des Moines, Iowa – July 23, 2020) – PolicyWorks today announced the firm’s governance, risk and compliance (GRC) technology platform, ViClarity, has been named Operational Risk Solution of the Year. The honor comes from InsuranceERM Americas, a digital risk and capital management publication.
According to the awards’ judges panel, ViClarity was chosen as the winner of its category from among hundreds of nominees. Standout qualities included the platform’s ability to facilitate operational risk accountability. The solution was noted for its end-to-end configuration and its ability to automate risk registers, control attestations, key risk indicator (KRI) tracking and operational risk events.
ViClarity is a cloud-based GRC solution that enables organizations to effectively identify, monitor, score and report risks. The solution provides a holistic and integrated view of the various risks, compliance and other GRC areas that impact a credit union. ViClarity automates formerly manual, cumbersome processes, removing many of the barriers that prevent risk and compliance professionals from achieving efficiency and visibility within their organizations.
Over the last three years, some of the world’s largest organizations have integrated the ViClarity platform into their GRC operations. PolicyWorks Global CEO Miriam De Dios Woodward attributes this to the firm’s collaborative culture, which ensures architects and developers iterate the platform based on the real-world and fast-evolving needs of its partner clients.
“This awards competition recognizes the very best in risk management, so we are thrilled to have been named a winner,” said De Dios Woodward, who is spearheading PolicyWorks’ expansion into international markets and verticals beyond financial services, including insurance and healthcare. Acquiring ViClarity earlier this year allowed PolicyWorks to introduce innovative and agile technology and automation solutions to the highly complex and manual GRC space, providing an end-to-end suite of solutions. “We are honored to accept this in partnership with the GRC pros who have helped us further customize the ViClarity platform to suit it specifically to the complexities of today’s market.”