Fusion Risk Management: The North Star for Resilience
The need for organizations to prioritize operational resilience – ensuring an organization can deliver on its brand promise despite external disruptions – is becoming increasingly apparent across all industries. Over the last few months, board rooms across the globe began prioritizing operational resilience to demonstrate thorough understanding of internal end ecternal risks to their organization. Disruptions to business as usual, including the COVID-19 pandemic, colonial pipeline ransomware attack, and ongoing supply chain issues, have made one thing clear: disruptions are continuing, and they must be avoided to deliver on the customer promise. Increasingly, organizations are focusing on forward thinking resilience planning to ensure readiness. However, this approach requires collaboration between risk management, governance, and compliance. To achieve true operational resillience, silos must be broken down within an organization, and a collaborative approach must be adopted. This is where Fusion Risk Management – the company that eats and breathes operational resilience – comes into the picture.
In a nutshell, Fusion is the foundation of operational resilience. The company offers easy, visual, and interactive ways to analyze every aspect of a business to help identify friction points, single points of failure, key risks, and the exact actions to mitigate impact effectively. The Fusion Framework System offers a comprehensive approach to operational resilience, eliminating the need for separate modules across the many risk and continuity management areas. Fusion’s system enables users to expand into new areas of operations seamlessly and operate as a wholly integrated program on a common information foundation. As business landscapes demand agility, Fusion provides the tools for organizations to remain highly adaptable. The integration of continuity and risk capabilities on the Fusion Framework System provides true organizational resiliency through one singular platform, allowing users to explore endless possibilities within the solution.
The company’s offerings also include Fusion Analytics – a platform capability that provides a simplified and integrated approach to operational resilience and enables users to easily identify risk and predict outcomes to make faster, more informed decisions. “The Fusion Framework System is revolutionary with its innovative structure that eliminates the need for separate modules across the many areas of risk and continuity management. The system was designed to unify resilience programs, aggregate the necessary data, and engage stakeholders and executive management – enforcing a culture of resilience across the organization,” extols Michael Campbell, CEO, Fusion Risk Management.
What makes the company stand out is its North Star of resilience – a human-led and technology-powered solution to drive business transformation. As organizations approach operational resilience, their guiding North Star or end goal should be achieving an organization-wide cultural shift that prioritizes and understands resilience. When starting on a journey to operational resilience, organizations must start small and move with a vision and understanding of an end goal. Fusion allows organizations to do this by prioritizing data over documents. Although operational resilience plans were historically stored in a large binder on a shelf, Fusion’s digitalized data-driven approach enables organizations to be prepared for any scenarios, regardless of plausibility. “If the past 18 months have taught us anything, it is to expect the unexpected, and the Fusion Framework System aids organizations in preparing for exactly that. In turn, this helps build client trust as organizations can continuously deliver on business promises even during times of external disruption,” points Campbell.
Fusion’s capabilities enable organizations to efficiently aggregate risk assessment information for accurate risk reporting and compliance at all organizational levels. With one consistent approach to managing, assessing, and mitigating operational risk, the Fusion Framework offers an integrated view into managing operational resilience, business continuity, IT risk, and third-party risk. Moreover, Fusion helps firms of all sizes identify their needs and approach to operational resilience and delivers a revolutionary, accessible solution that has enabled organizations to weather disruption and remain successful. Above all, the Fusion Framework breaks down communications silos to build an organization-wide culture of proactive, consistent resilience.
As part of its future endeavors, Fusion has expanded the platform’s capabilities to enable users to build a risk program faster and more efficiently aggregate risk assessment information for accurate risk reporting at all levels of the organization. Fusion recently released an Operational Resilience Self-Assessment to help organizations on their journey to comply with upcoming UK regulatory requirements for businesses to identify impact tolerances. Fusion has also recently released Scenario Testing, a new purpose-built functionality that provides organizations with the ability to test and analyze the impact of severe but plausible events in realtime. “Fusion continues to grow rapidly to meet the demands of our customers and industry. Looking ahead to 2022, we are focused on geographical expansions, solution development, and partnerships. Specifically, we are expanding our presence in North America and Europe as well,” concludes Campbell.