16th February 2012

Slough, UK, 16th February 2012. Hitec (Laboratories) Ltd today announced a new alliance with Risk Reward Ltd.

Risk Reward is a leading global supplier of risk management advisory and tailored training services to the banking and financial services sector. 

Hitec develops Governance Risk & Compliance software in the form of Ten® Risk Manager & PolicyHub®. 

PolicyHub is a purpose built Policy Management solution helping clients to manage the complete policy lifecycle from creation, review and distribution to automated knowledge assessments, auditing and reporting. It serves as a cost effective, highly efficient and significant alternative to the more antiquated paper based or ‘post and hope’ intranet alternatives, currently used by many organisations. 

Ten Risk Manager is a structured end-to-end Risk Management framework for managing an extensive range of strategic and operational risks in a consistent and cost effective manner. 

When it comes to Risk & Policy Management people often look for off the shelf end-to-end packages, which typically do not meet their requirements. This collaboration ensures a more flexible solution for individual issues or the most complex of projects.  Clients content as well as their processes can be fine-tuned to their specific goals, market sector or department requirements. Often, analysing gaps in the current documentation or processes, is as important as creating new. This consultative approach ensures a more efficient and cost effective way to achieve real results. 

Risk Reward provide subject matter expert advice, training and content – Hitec provide a perfectly matched flexible software to deliver results. 

Jeremy Crame, CEO at Hitec said. “The combination of Hitec’s advanced Risk & Policy Management software and Risk Reward’s specialist expertise provides a good fit for both organisations and we are really looking forward to working on many joint projects with our colleagues at Risk Reward. This collaboration offers clients a comprehensive and personalised solution for addressing all their GRC requirements.  Our extended team will be incredibly beneficial for clients who need to align key systems with business goals and achieve not only greater efficiency but compliance assurance too.” 

Lisette Mermod, Managing Director, Risk Reward said: ‘‘We are delighted to collaborate with Hitec to offer a high-quality, bespoke and ready-to-use range of banking and financial services focused risk policies product for their clients. Hitec’s impressive track record gives both our collaboration and their customers the confidence to ensure that this latest offering will meet and exceed expectations.’’

About Risk Reward Ltd

Risk Reward Ltd is a leading global provider of risk management advisory and training services for the banking and financial services sector in both developed and emerging markets for more than 10 years. Based in the City of London our experts deliver customised risk management services to regulators, associations and institutes, banks, capital markets sector, as well as insurance and pension funds. High quality deliverables, customer service excellence, good value for money within a global perspective and value inform our faster, better and cheaper services. http://riskrewardlimited.com/

About Ten Risk Manager

Built around a centralised repository of risk-related information, Ten Risk Manager presents a consistent, shared view of data and automates the key elements of strategic and operational risk management. From Risk Registers to Loss Events and Control Self-Assessments, Ten Risk Manager transforms the ability to take back control of key risk activities. Find out more www.hiteclabs.com/ten 

About PolicyHub

Specifically designed to avoid the compliance/security risks arising from lack of policy awareness and ensure companies achieve compliance. PolicyHub automates this complex Policy Management process and provides you with complete assurance. PolicyHub ensures that the right policies and procedures get to the right people, that they become accountable by signing up to them and that the entire process is recorded and auditable.

Find out more www.hiteclabs.com/policyhub