Every year the Malaysia Enterprise Innovation Award is given to recognize companies that have successfully applied innovation in the use of technology in their organizations. This year, FGV Holdings Berhad (formerly known as Felda Global Ventures Holdings Berhad) won the award handed out by the Ministry of Science, Technology & Innovation for their development of innovative technology-abled solutions in the enterprise risk management (ERM) area.
According to Kevin Holtzhausen, the Director of Global GRC Solutions at CURA Software Solutions, this is a win not only for FGV, but for their technology providers too. “CURA would like to congratulate FGV on this prestigious award. Fundamental to this award is the utilization of technology to bring about transformational benefits to the organization and its partners and customers, and we are very proud that CURA could assist FGV with implementing and creating efficiencies in their ERM process.”
The innovative ERM solution in question sought to increase efficiency and effectiveness of the current risk processes and improve capabilities through technology, while enabling the company’s Group Risk Management Division and other risk-related staff across FGV to focus on the more strategic functions of FGV’s risk analysis.
In conclusion, FGV attests that this solution complemented their overall strategy to improve risk management within the organization. According to FGV, “Since its initiation in the first quarter of 2018, we have significantly streamlined and improved our risk database, reducing our organizational risks by about 25%, and have implemented more detailed and effective mitigation measures.”
About CURA Software Solutions:
CURA Software Solutions is a leading provider of Governance, Risk, Compliance and Risk-based Audit software solutions, implemented across more than 250 enterprise customers globally. These solutions offer a clear picture of risk across the organisation which leads to better decision-making and risk management. CURA enhances visibility into business activities and allows for information to be easily consumed and actioned, enabling better business performance and managing the uncertainty of risk.