RIMS, the risk management society, has presented Intuit with the 2015 Enterprise Risk Management Award of Distinction at the Society’s ERM Conference in Chicago.
The award was presented for Intuit’s achievements in developing and implementing a leading edge enterprise risk management program.
In times of significant change, understanding and proactively managing risk is essential. The organization’s ERM program supported Intuit through a time of significant transformation; moving from the desktop to the Internet and mobile devices, moving to more open platforms with application programming interfaces that enable the contributions of end users and third-party developers, and embracing the potential of new market opportunities around the world.
“ERM transformed Intuit’s risk management capability requiring our leaders to think cross-organizationally and cross-functionally to understand the most significant risks and drive strategies to address them,” said Janet Nasburg, chief risk officer at Intuit. “ERM was instrumental in not only providing insights about the company but has also driven changes in the way we align our focus. It is a tremendous honor to be recognized by RIMS for our hard work and to share our ERM experiences with the risk management community.”
Judging criteria for the ERM Award of Distinction includes the scope of the ERM program and how it engages different levels throughout the organization; the program’s link or connection to the company’s overall mission; and its ability to create additional value for the organization.