With all mission critical data integrated on a single database, CMiC Open Enterprise v10 lowers the risk metric of your organization by consolidating information and providing superior business intelligence with flexible reporting that allows executives to monitor key risk indicators and make adjustments.
A challenge for large organizations in the construction and capital project space is keeping track of compliance on the state, country and international level. Accounting and financial standards can vary across different geographical regions, and CMiC Corporate Risk Management ensures that your organization complies with all standards. The access to information that CMiC Open Enterprise v10 provides, along with the ability to track and audit all transactions, ensures that your organization can comply with any regulation and helps in obtaining government contract work.
CMiC Corporate Risk Management also keeps track of subcontractor insurance and past work performance, sending alerts from the field to the office when a discrepancy is found. Integrated with CMiC HCM and CMiC Subcontractor Relationship Management, project executives can make sure that all employees and project stakeholders are properly insured and compliant.
Organizations that choose to utilize a Contractor Controlled Insurance Program (CCIP) need to have a central, pre-qualified vendor database that contains subcontractor information that was vetted by a risk manager to ensure that before any contract is signed with a subcontractor, that subcontractor meets your organization's high standards of quality. CMiC Corporate Risk Management provides this database and makes it accessible to project executives in a timely manner, so better business decisions can be made that controls risk.
CMiC Corporate Risk Management takes risk management a step further and gives you the tools to reduce risk across your entire organization. With increased access to accurate information, improve compliance and ensure your organization follows worker’s compensation standards.
