Wheelhouse Announces New Strategic Alliance

Wheelhouse Advisors and Xactium are pleased to announce their new strategic alliance for the implementation of Xactium's Force.com Governance, Risk and Compliance applications.

Wheelhouse, a professional services firm specializing in Enterprise Risk Management & Control will be Xactium’s first US-based partner, operating in Atlanta, Georgia.

John A Wheeler, founder and Managing Principal of Wheelhouse Advisors brings over twenty years of strategic, operations and risk management professional to the firm. Prior to founding his company, John served as a Senior Vice President within the Corporate Risk Management division at a major U.S financial services company.

Dr. Andy Evans, Managing Director of Xactium, said: “This is a great opportunity for collaboration and signals the widening interest in our Force.com GRC Suite. Working with Wheelhouse will enable us to extend our reach to American markets and reinforce our position as a leading cloud risk solution provider. ”

John added: “We recognise the power of Xactium’s cloud-based solutions to provide clients with a complete, robust solution in a time frame they want. We look forward to extending our level of customer support with our new implementation services.”

The partnership follows a period of growth from Xactium, whose customer numbers have more than doubled in the last year. The potential for a future Xactium North America division will also be considered.

About Xactium: Xactium is a leading cloud-computing software company specialising in Governance, Risk and Compliance (GRC) solutions. Xactium helps customers efficiently and effectively access and manage risk and compliance activities without the need for complex, expensive risk software. Recent significant business wins include insurance brokers Jardine Lloyd Thompson; insurance and reinsurance group, RiverStone Europe; and Scottish water retailer, Business Stream.

About Wheelhouse Advisors: Founded in 2007, Wheelhouse Advisors serves corporate clients across the United States with the implementation and continuous improvement of their Enterprise Risk Management (“ERM”) programs. Their service offerings include: Bespoke Enterprise Risk Assessment, Independent Risk & Control Program Analysis, Financial Process Compliance; and Governance, Risk & Compliance Automation.

ERM Software Now a Priority for Many Companies

A recent article in Treasury & Risk Magazine highlights the fact that technology spending will certainly be impacted by the current financial crisis.  The article suggests that large-scale enterprise resource planning ("ERP") software implementations will most likely take a back seat to implementations of risk management related software products.  Here is an excerpt from the article.

Likely to fare better in the financial services meltdown is enterprise risk management (ERM) software, the tools many say could have mitigated the global credit collapse. “Never before has there been such a need for prudent financial risk management,” said Carol Beaumier, executive vice president with software provider Protiviti Inc. “Even the strongest of companies will find themselves subject to increased market pressures and regulatory scrutiny."

With investment dollars limited due to the tightening of corporate budgets, strong business cases must be made to reap the maximum benefits of any ERM related software implementation.   Wheelhouse Advisors provides cost-effective services to build a solid business case as well as evaluate, select and implement the appropriate ERM software solutions to achieve optimal results for your organization.  Visit www.WheelhouseAdvisors.com to learn more.

GRC Software Swamp

When you think of a swamp, what comes to mind?  Murky, squishy, and difficult to find your way through? Well, the same can be said for today's Governance, Risk & Compliance ("GRC") software marketplace.  There are many vendors crowding the market with all sorts of products that address various components of GRC. However, it is extremely difficult for companies to determine what software may be best suited for their processes and environment.  That's because the software market and the products themselves are evolving continuously.  

Wheelhouse Advisors can help you determine not only your requirements, but also the solutions that are best suited for your company.  It starts with gaining a solid understanding of your GRC process design and overall vision for the desired end state.  With that in hand, Wheelhouse Advisors can then work to help you successfully navigate through the swamp to find a software product that will enable your program to reach its fullest potential.  

Visit www.WheelhouseAdvisors.com to learn more about how we can help your company Navigate Successfully™.