Introducing: Scout – Real-time Risk Management Dashboards

Hello world! Meet Scout, a risk management dashboard from Supernal Software.

Scout was developed by a former state examiner and executive vice president of a large financial institution. The idea was to create a simple approach to risk assessments that gave more detail and more accuracy without the headache of figuring out spreadsheets. Now, here we are, two years later and Scout has grown to be a highly effective tool at helping both large and small institutions carry-out and understand their risk assessment processes. We have also expanded our capabilities immensely over the years to include modules for GLBA, controls audit, vendor management, red flags, and now bank secrecy act risk assessments.

The fact of the matter is, well, let’s face it – risk assessments are often a tedious and cumbersome job that make compliance officers miserable. Too often, they provide little insight for management and boards into the risks your institution faces and the steps you’re taking to mitigate them.

Risk assessment and risk management activities don’t have to be so frustrating and confusing. Our website offers some helpful advice and insight on the risk assessment challenges banks and credit unions face today, including tips and best practices for making the process more effective and valuable to your institution.

Okay, already – enough about Scout and on to the information, regulatory and compliance news. We will be blogging about new risks in the financial environment; recent litigation that you should be made aware of; what the crooks are up to; new regulations that might affect your risk management activities; conventions that we will be attending; Lunch n’ Learns that we will be sponsoring; enhancements that we are considering adding to Scout; and what ugly tie Tom might be wearing today… All very important stuff.

So, stay tuned and we hope you enjoy our blog

~Maria