Published on 7 Oct 2010
“ ERMIS significantly improves the University system’s ability to identify and manage risk. UC will be able to more effectively focus its risk management efforts and ultimately save the University money ”
Grace Crickette, chief risk officer, University of California
University of California – Office of the President
The Office of the President is the system-wide headquarters of the University of California (UC), managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.
The University of California needed a proper framework for its enterprise risk management. Its existing reporting and decision-support environment did not fully address the need of decision makers to understand the UC system’s level of risk.
UC engaged IBM to implement an Enterprise Risk Management Information System (ERMIS). The solution integrates previously siloed data to provide near real-time information to all levels of the university.
• The system helps the university understand what drives subpar performance and costly losses. • By providing better and more current data and analytical tools, senior officials can better understand the return-on-investment (ROI) associated with various remediation strategies and tactics • Since better risk ratings translate into lower interest rates on debt, a 0.1% decrease in interest rate represents over $10 million in potential savings
IBM products and services that were used in this case study.
Cognos 8 Business Intelligence, DB2 for Linux UNIX and Windows, WebSphere Application Server
GBS BAO: Business Analytics and Optimization Strategy , GTS Strategic Outsourcing: e-business Hosting, Information Agenda Engagement
Educ: Effective and Efficient Administration, C-Suite Framework, Smarter Planet, Big Data & Analytics, Big Data & Analytics: Operations/Fraud/Threats, Big Data & Analytics: Improve IT
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