In 1985 two accountants from Bedford, Nova Scotia developed the Bedford Accounting Software program. Later, Bedford was sold and became Simply Accounting and then Sage Accounting, as it is known today.
Even though risk management is a relatively new area for organizations, dating back a few decades at the most, the systems and processes that risk managers use are often outdated and ineffective. This could be the reason your risk management team is having trouble producing actionable information and delivering on results: the system is damaging their efforts. If you have experienced any of the following 10 signs, it may be time to change how you manage risk.