Today’s organization is not defined by brick and mortar walls and traditional employees. The modern organization is an extended web of relationships: vendors, suppliers, outsourcers, service providers, contractors, and more.
Consequently, managing enterprise risk requires insight into risks within and across third-party relationships. The key to this is having an integrated strategy for enterprise and operational risk management that includes insight in its extended relationships. Moreover, organisations should support this strategy with common processes, as well as an information and technology architecture that manages and monitors risk in today’s dynamic and distributed business environment.
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.