Launching a New Era in Governance: Reasonable Risk's SaaS Platform Revolutionizes Risk Management

Reasonable Risk Launches Innovative SaaS Platform

In a significant development for businesses managing risk, Reasonable Risk has officially launched its state-of-the-art Software-as-a-Service (SaaS) platform dedicated to Governance and Risk Management. With a vision to streamline risk management processes and enhance executive communication, this platform is set to make waves across various industries.

Reasonable Risk, based in Schaumburg, Illinois, is rapidly emerging as a leader in the governance space. The newly introduced platform is designed to effectively communicate risk to executives, helping organizations mitigate vulnerabilities in a manner that’s both practical and align with regulatory frameworks. Central to the platform's functionality is the Duty of Care Risk Analysis (DoCRA) methodology, which emphasizes providing a defensible cybersecurity posture compliant with recent changes in regulations such as the SEC Cybersecurity Rule, which came into effect on July 26, 2023.

Jim Mirochnik, CEO of Reasonable Risk, noted, “Our platform is built to be both powerful and easy to use. We understand that risk management can be a daunting task due to limited time and resources. Our solution is implementable in under a week, streamlining the risk management process and allowing cybersecurity teams to make informed decisions that protect their businesses.”

Key Features of Reasonable Risk's SaaS Platform

The new platform boasts a variety of features designed to enhance risk management:

1. Comprehensive Risk Management
The platform allows for thorough risk identification, prioritization, and reporting. This holistic approach aims to achieve what regulatory authorities deem 'reasonable security.'

2. Executive Communication Tools
It simplifies complex risk data into understandable business terms, empowering executives with clear insights necessary for making informed decisions.

3. Roadmap for Risk Reduction
The platform outlines how an organization’s overall risk can effectively be reduced to acceptable levels over time.

4. Enhanced Security Risk Tracking
Moving beyond traditional spreadsheets, it offers collaborative project features connected to ongoing risk management efforts, ensuring continuous improvement.

5. Dashboard Overview
Users benefit from an easy-to-use dashboard showcasing the organization’s risk posture along with scoring based on the DoCRA methodology, complete with user roles for better control.

6. Remediation Projects
Users can efficiently identify areas of unacceptable risk and map these risks to remediation projects, ensuring real-time tracking of risk reduction.

7. Executive Reporting and Budget Approval
A simple reporting wizard allows users to generate instant executive-level reports, visually presenting critical findings and budget variances to facilitate easier approvals.

About Reasonable Risk

Established by the founders of the CIS Risk Assessment Method (CIS RAM), Reasonable Risk integrates best practices in risk management with accessible technology. The platform simplifies the process of navigating the complexities of governance and risk, making it especially suitable for organizations that seek practical solutions without being bogged down by traditional complexities.

For organizations looking to enhance their approach to governance and risk management, Reasonable Risk’s innovative platform represents a leap forward in simplifying the task while ensuring compliance and security are upheld. By prioritizing usability and rapid implementation, the platform stands out in the crowded risk management software market.

For more information on how you can transform your organization's governance and risk management practices, visit www.reasonablerisk.com.