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The annual RiskNET Summit was held on 5 November 2019 at Schloss Hohenkammer. GRC Competence Lead Claudia Howe hosted the workshop “Reporting in Risk Management: How Your Executives Will Listen to You!” at this year’s event.

The 5th AREX Gala was held on November 7th in the Grand Hotel Vienna. Markus Pflüger (Head of Consulting, avedos) took part in a lively round table discussion and presented an award in the category for social profit organizations.

The software risk2value has been used by the LGT Group for many years for various GRC processes. Among others a risk event database has been set up to create additional value for the company.

LGT

The global provider of security technologies Giesecke+Devriant relies on the software platform risk2value.

Responding to Requests for Proposals (RFPs) for GRC tools and implementing the respective projects are the bread and butter of our business. Most business departments sending those requests, however, only deal with this procedure a single time or, at most, on rare occasions. In this post, we’d like to share our experiences by addressing the typical pitfalls and offering some recommendations for action.

by Claudia Howe, GRC Competence Lead at avedos GRC GmbH

At the end of July the key implementation provisions of the NIS regulations were adopted which specify the NIS regulations and which organizations are affected by them.

Globally operating financial expert Vontobel relies on the integrated GRC-software risk2value. Michele Luongo, Head of Operational Risk, Executive Director shares his experience with risk2value and provides an outlook for potential developments.

On Saturday, 1 June 2019, our GRC Competence Lead Claudia Howe had the pleasure of hosting a three-hour seminar on the topic as part of the part-time Master’s Program for Integrated Risk Management at the University of Applied Sciences, FH Campus Vienna.

avedos is highly committed to GRC reporting. In the past weeks avedos presented and discussed six paradigms related to this topic on the blog. In the concluding blog post we summarize the most important information and give you an overview of how you can benefit from the 6 paradigms and hands-on recommendations.

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

avedos is highly committed to GRC reporting. In the coming weeks we will present and discuss six paradigms related to this topic on our blog. Profit from our expertise and valuable, hands-on recommendations on how you can take action!

In an article for Future Banking magazine, Samuel Brandstätter, CEO and founder of avedos, explores the challenges facing the industry today and how banks can embark on the path to agile business models – with integrated GRC.

12.12.2018 Project CERBERUS

Critical infrastructures play a decisive role in maintaining important societal processes such as ensuring the everyday supply of essential goods and services. In the past ten years, the links among these critical infrastructures have tightened even further, which leads to a highly complex, sensitive network with various interdependencies.

Protecting critical infrastructures is more important than ever. Even though cyberattacks on companies are no longer rare, the risk is still often underestimated. Current developments in IT are supposed to minimize attacks and damages. The question if there will ever be one-hundred percent protection from cybercrime, however, remains unanswered.

In an interview with LEADERSNET, Dr. Josef Fritz, founder and Managing Director Board Search, addressed the digitalization rate in Austrian supervisory boards and the AREX award. avedos took part in the 2018 award ceremony as a premium partner.

Team avedos made its debut at the Wien Energie Business Run on 5 September 2018. Together with 32,000 other runners and Nordic walkers, it conquered the 4.1 km course in Wiener Prater, a beloved public park in Vienna.

A recent study conducted by Bain & Company examined how banks can control and manage operational risks to avoid severe losses. Since the global financial crisis at the very latest, banks and the bodies that regulate them are required to control risks in an effective, sustainable manner. Once banks have established solid practices to manage financial risks through appropriate systems, their next challenge is to implement them for operational risks.

At its 2018 User Conference, avedos presented its latest service offering: Service Management Premium. This service, which was developed in close cooperation with existing customers and extended with valuable feedback from conference attendees, has gone live in June 2018.

An old proverb says that there is a lid for every pot. It was even the theme of a German song back in the 1960’s when people still lived in a very analog world. It was a time when digitalization was an unfathomable except for the few scientists who were researching the fundamental concept. Offices had the appearance of being well organized – with pencils, sharpeners and typewriters.

23.04.2018 avedos.green

At avedos, we take our corporate social responsibility very seriously and place great importance on sustainability and environmental awareness. Since we believe our social and ecological responsibility should and must exceed what is required by law, we launched the initiative “avedos.green” back in 2016.

The Corporate Risk Management department at Axel Springer has been using risk2value from avedos since January 2018 to harmonize the areas of enterprise and information risk management. The software also fulfills its requirements for intuitive usability and easily integrates its various companies worldwide.

... according to a study conducted by the magazine, Focus Business, in cooperation with the employer review portal, kununu.com. Among the region’s 1,300 most popular midsize employers, avedos placed 111th within the telecommunications and IT industry.

Warth & Klein Grant Thornton and the Governance, Risk und Compliance (GRC) software vendor avedos will collaborate more in the future to extend the IT platform risk2value from avedos with specific business content. Both partners have recently developed a successful GRC solution for banks and insurance providers. Further projects are to follow.

Bundled expertise in Governance, Risk and Compliance – EY and avedos today announced that they will work more closely together in the future as part as a formal partnership. Clients will profit from the combined knowledge of the leading global consultancy and expert for Governance, Risk and Compliance.

Following the Minimum Requirements for Risk Management (MaRisk), Germany’s Federal Financial Supervisory Authority has now published the Supervisory Requirements for IT, also known as BAIT. This additional set of rules defines binding IT security requirements for banks.

On October 24th, avedos BeNeLux organised a seminar on Integrated Risk Management in cooperation with Ernst & Young at the Cross Towers in Amsterdam.

avedos and Grant Thornton Austria today announced their strategic partnership, which will ensure the optimal implementation of proactive management systems in the field of Governance, Risk and Compliance (GRC). The cooperation unites the two specialists to offer a new and integrated service.

The Austrian Controller Institute hosted its first-ever GRC Forum on 28 September 2017. avedos served as a co-organizer of the event with regard to content.

avedos, a leading vendor for Governance, Risk and Compliance (GRC) software, has released version 6.2 of its software platform risk2value. The new release stands out for its intuitive user interface and easier handling.

avedos GRC GmbH today announced that Jadeberg will support its strategic development through 7-digit growth financing and vast know-how.

A new social security assignment law (SV ZG) designed to increase legal certainty regarding pseudo self-employment has gone into effect across Austria in July 2017.

The International Monetary Fund (IMF) has recently warned about the dangers that cyberattacks are placing on global financial stability. In a paper released on 8 August 2017, the organization reported on the growing frequency and cunningness of such attacks.

The Swiss health insurance provider, KPT Krankenkasse AG, has selected the software platform risk2value from avedos to map and support its existing methodologies for integrated risk and control management.

T-Systems hosted two summer events on digitalization on July 19th and August 9th in Vienna, Austria. The diversified program included presentations, networking opportunities and an exhibition area that provided a peek into the latest developments of the digital world.

It often pays to look in the past to get a better view of the future. For instance, we can learn a great deal today about bad and good risk management from the downfall of Troy.

The Corporate Risk Minds - with more than 150 participants and 50 speakers - is one of the biggest branch meetings in the German speaking market (Germany, Austria, Switzerland).

Whether it’s industry 4.0, the internet of things, analytics, the digital transformation, agile working, smart homes or big data, the many buzzwords of the digital world are the talk of the town. They are regular talking points for the media, politicians and even companies. The market leader Google records 27 million hits for the German term “Industrie 4.0” alone.

From March - May 2017 avedos expanded its long-term partnership with EY. In the scope of a roadshow, we toured through Germany, Austria and Switzerland.

On June 27-28 the third Rehink! Corporate Finance 2017 took place in the famous Alsterstadt Hamburg. avedos took part as a partner and sponsor. The main topics of the event were Finance, operative efficiency - Forecasting, Reporting, Planning, Big Data and innovative technologies.

avedos hosted its first User Conference on June 1 and 2, 2017 in Vienna, Austria. The conference featured a selection of 26 presentations as well as 8 product demos and 4 customer use cases centering on the theme “risk2value in action!”. Over 50 guests gained new insights and exchanged experiences with experts and peers in this two-day event.

The changing seasons had taken their toll on the courtyard garden at House Karwan, a local refugee housing facility run by Caritas.

08. March - 18. May 2017 - Germany / Austria / Switzerland

Information security is so important today, especially for financial services providers. To professionally run the processes that are relevant for information security, institutions such as DekaBank are relying on the integrated software platform risk2value from avedos.

Employees from various departments at avedos came together last Wednesday to share a little Easter joy with the children at House Karwan, a local home for refugees.

avedos business solutions GmbH is renamed to avedos GRC GmbH.

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