The Silicon Review
There’s no way around it: social platforms like Google, Twitter, Facebook, Glassdoor, and Yelp have empowered consumers to monumentally impact a company’s reputation. We refer to this trend in fast-paced transparency as the “See-Through Economy.”
New technologies have left companies with nowhere to hide, meaning the See-Through Economy makes risk management more important than ever. Gone are the days when PR teams could swoop in and keep a scandal under wraps. Corporate missteps of all magnitudes are now instantaneously shared, magnified, and multiplied.
So, how can companies succeed in this environment? It’s all about prevention. LogicManager believes performance is a result of effective risk management. The company's enterprise risk management (ERM) software empowers organizations to anticipate what’s ahead, uphold their reputation, and improve business performance through strong governance.
Every company, no matter its industry, product, or service, impacts people like us. LogicManager is dedicated to helping businesses make this impact a positive one. In other words, it believes in good governance: holding each part of the organization to a high standard while empowering the enterprise to identify and mitigate risks before they materialize.
Today, consumers are truly empowered to speak out about what they expect from the companies they choose to support, recommend, and trust. Amidst the multitudes of corporate scandals dominating news headlines, consumers have come to expect good governance. LogicManager provides the tools and services that make good governance possible in this See-Through Economy.
In 2005, LogicManager CEO, Steven Minsky founded LogicManager, Inc. on the belief that performance is a result of effective risk management. Building on years of experience in risk and business process management, he saw that operating within silos hinders a company’s ability to make risk-aware strategic decisions. He realized an integrated, risk-based platform is needed to achieve strategic goals.
Mr. Minsky built the LogicManager platform on a taxonomy technology designed to revolutionize how organizations approached traditional governance, risk management, and compliance concerns. Today, LogicManager’s solutions continue to empower companies to communicate and align their values across their organization, from the front lines to the executive level.
At the time LogicManager was founded, Steven teamed up with the Risk Management Society (RIMS) to advance the discipline of enterprise risk management. He donated his intellectual property and expertise to author the Risk Maturity Model (RMM) (previously the RIMS Risk Maturity Model). The RMM’s proven ERM framework and free online assessment tool have helped thousands of risk professionals across the world benchmark and expand their enterprise risk management programs.
How does LogicManager do it?
Most businesses manage their risks, but many need a better approach. LogicManager is here to provide a better approach to risk management. Today, LogicManager’s SaaS software and ERM consulting service help businesses integrate risk, governance, and compliance activities so they can make proactive decisions that enable them to reach their goals.
What makes LogicManager’s approach different? Many risk management solutions focus on separate areas of the business, managing risks associated with vendors and risks associated with IT separately, for example. While a business is comprised of its parts, these parts contribute to the whole, and therefore work interdependently. This means their risks are also connected. A risk associated with IT could very well overlap with a risk in vendor management.
LogicManager's risk-based GRC solutions account for these interdependencies by giving companies an enterprise-wide view of their risk. If companies can understand which risks overlap and which risks are most impactful to their organization as a whole, they can streamline their risk management processes, and save time and money, while improving performance.
"LogicManager – from start to finish – I tell people it’s the best vendor experience that I’ve ever had. They always do what they say they’re going to do, you don’t have to continually follow-up and beg and plead, they’re right on top of it. They’re a real partner," said John Harwell, AVP of Risk Management, Apple FCU.
Independent research firms continually recognize LogicManager for their outstanding achievements in ERM. Forrester Research recognizes the company as a top 3 industry leader in GRC software, and has featured us in 5 Wave Reports over the last 6 years. LogicManager has also been recognized by Gartner in 7 Magic Quadrants over the last decade, routinely ranking highest for our Ability to Execute. Awards such as these support the company's claim that they are empowering organizations to build a better tomorrow.
About the Leader
Steven Minsky, Founder and CEO
Steven Minsky is the CEO and Founder of LogicManager, the author of the Risk Maturity Model (RMM) framework and online assessment tool, and is a recognized expert and thought leader in enterprise risk management (ERM), industry event speaker and trusted advisor for corporate boards. Steven is also a patent author of risk and process management technology and holds MBA and MA degrees from the University of Pennsylvania’s Wharton School of Business and The Joseph H. Lauder Institute of International Management.