University of California – Office of the President

Reducing risk and lowering costs with integrated data management

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

Customer
University of California – Office of the President

Industry
Education

Deployment country
United States

Overview

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.

Business need
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.

Solution
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.

Benefits
• 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

Components

IBM products and services that were used in this case study.

Software
Cognos 8 Business Intelligence, DB2 for Windows, WebSphere Application Server

Services
GBS BAO: Business Analytics and Optimization Strategy , GTS Strategic Outsourcing: e-business Hosting, Information Agenda Engagement

Solution
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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