Managing Risks

[Agatha Stewart]

My boss wants to implement ERM (enterprise risk management) software in our company, according to him it can provide framework of risk assessment and the ability to respond to existing and emerging challenges. Not many companies have come to believe that it has the potential of significant advantage in performance and they just focus on just covering the downside risks. I want to know what are the other significant benefits of an ERM system. Anyone here who implements similar system in their organization?