Describe the company – the elevator pitch …
CalQRisk is an award winning supplier of Governance, Risk Management & Compliance software in Ireland, the UK and the US. The solution offers a single integrated platform for gathering information and reporting on the level of risk and compliance in an organisation and on the effectiveness of its governance. CalQRisk covers issues ranging from Cybersecurity to GDPR, Business Continuity Management and enterprise-wide risk and compliance management.
— CalQRisk (@CalQRisk) June 30, 2017
How are you different?
What differentiates CalQRisk is its rich knowledgebase which is maintained by our team of risk and compliance experts. It features risks, associated controls and compliance requirements for organisations operating within specific sectors. It also contains ‘industry-neutral’ regulations such as the General Data Protection Regulation (GDPR) and best practice standards including ISO 27001 and many more. The knowledgebase, combined with CalQRisk’s key features – such as its automatic risk registers, dashboard reporting, gap analysis and action manager – and the close integration of all of its functionality sets CalQRisk apart from all other risk & compliance software in the market.
Tell us about your team?
The company is led by directors who have a combined 80+ years at C-Suite level in large organisations. Backing them is up is a staff of experienced Risk & Compliance professionals who are members of organisations such as the Institute of Risk Management, the Association of Compliance Officers in Ireland, the Institute of Banking and many more. Many of our staff have experience and / or qualifications in risk management and / or compliance. We also have a talented team dedicated to software maintenance and development.
Why will the company/product do well?
More and more organisations are looking to streamline their existing manual risk management and compliance processes while many others are only beginning to formally manage risk. Under increasing pressure from regulators and with the introduction of new regulations such as the GDPR, organisations are now not only required to do good risk management but must also be able to demonstrate that they are managing risk and compliance effectively.
CalQRisk’s flexibility and scalability means that it works as well for a small, single site operation as it does for a large, multi-site one. Our market share continues to grow year-on-year while a high level of product satisfaction and great customer care contribute to a customer retention rate of above 95%.
Where are you based?
The CalQRisk Head Office is in Westpark, Shannon, Co. Clare. We also have an office in Wimbledon, London to support our continued expansion in the UK.
What have been your biggest wins to date?
In terms of awards and recognition, we were the only Irish company shortlisted in our category in the IRM Global Risk Awards last year and were “Highly Commended” for Risk Management Solution of the Year in the final. This year we’ve been shortlisted for several awards including Irish Technology Company of the Year and Risk Management Product of the Year by a UK risk management publication; we’ve also previously been longlisted for the Irish FinTech20 awards.
In terms of customers, our biggest wins over the last 12 months have included being independently announced as the market leader in providing Risk & Compliance software to the Irish Credit Union sector as well as launching several other products for the Asset Management sector and the Insurance industry where both underwriters and intermediaries are using the solution. In addition, we’ve launched a GDPR and Cybersecurity solution. We have had some great success in terms of new markets – our customer base now also includes local authorities, law firms and many others using this solution.
— CalQRisk (@CalQRisk) August 18, 2017
What are your long-term plans for your product/company?
Our long-term plans for the product include embedding the capability for gathering information from disparate systems, thereby providing the most comprehensive view of all risk and compliance issues affecting the organisation.
Our long-term plan for the company is to continue our spread geographically. We will significantly grow our presence in the UK in 2018 and we expect to formally launch in the US in the coming months.
What are your favourite tech gadgets?
I’m an Apple fan so I’d be lost without the humble iPhone; although it does have its drawbacks – being constantly connected, even when on holiday, can be a problem!
How do people get in touch with you?