“KTG” launched the project to automate the management of business risks

“KazTransGas” launched a pilot project to automate the management of business risks. In the framework of the project, automated module of risk management was installed for a period of 6 months, during which time the software will be aligned to business processes of the company, according to the press service of the company.”The implementation of a pilot project to automate the risk management system of JSC” KazTransGas “will improve record keeping identified risks throughout the organization and the group of companies, will improve the process of analysis and assessment of risks, their ranking, given the importance of risk and the assignment of activities, monitoring progress, effectiveness of their implementation and reporting to the leadership, “- said in a statement.

Using this system, company intends to increase the operational efficiency of the business through promptly obtaining information about the facts of the risk, monitor the effectiveness of follow-up measures, automating the process of building risk management program (distribution of questionnaires, filled action plans, management of the risk database, reporting) . In view of the module in online regime are recognized such processes as the status of the implementation of measures to minimize the risks, the notification system for senior officials of the risks, etc.

“The successful existence in a market economy companies need to be addressed by the introduction of technical innovations and non-trivial actions. This pilot project is beneficial both in terms of gaining experience in the automation of the process of risk management, as well as the ability to improve risk management, rapid response to the emergence and development of the risk of work to minimize the risks, “- said General Director of JSC” KazTransGas “Serik Sultangali.

A pilot project about implementation an automated risk management system was implemented in the framework of the signed memorandum about intentions between JSC “KazTransGas” LLP «Demetrics Risk Management Solutions» and LLP «Prime Source». The selection of these organizations for cooperation due to good reputation of these companies in the Kazakhstan market, as major manufacturers of integrated IT-solutions, business systems and leaders in improving business performance and organize, by automating processes and software implementation.