SERVICES
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RiskTech Consulting
There is no “one-size-fits-all” technology within the RiskTech space. As an organizational decision-maker or risk manager, selecting the proper RMIS can be cumbersome. At Redhand Advisors, we understand technologies such as RMIS and ERM software on a deep level, helping you navigate the best possible solution for your needs.
In many instances, organizations have already selected and invested in specific risk technology solutions. If this applies to your organization, we have the expertise necessary to help you get the most out of your existing tech suite and processes. By offering personalized tech consulting, we ensure that your goals are met on a prudent timeline.
Whether we’re guiding you through the initial RMIS selection process or optimizing your current technology, we offer an unbiased perspective every step of the way. We only make recommendations after first understanding your unique processes, challenges, and desired outcomes. Whether you’re seeking to navigate compliance, reputation, financial, or operational risks, we guide you toward value-adding tools while avoiding those that are unnecessary.
Strategic
System Planning
Investing in solution-oriented RMIS technology is not sufficient to drive exceptional results. Our experts at Redhand Advisors take an all-encompassing approach to plan every aspect of your RMIS integration. Covering virtually every industry from insurance claims to manufacturing risks, we offer key risk technology consulting that makes a difference.
Assessment
As part of our approach, we seek first to understand the functional, technical, and personnel-based aspects of your organization. Next, we draft an in-depth Business Requirements Document (BRD) that outlines the capabilities of your existing RiskTech while identifying opportunities to improve. The BRD is key to either optimize current solutions or implement new RMIS.
Process Improvement
RMIS technology is continuously improving, lending way to more efficient workflows for end-users. We focus on bolstering your core business processes, identifying potential improvements while discovering new ways to accelerate your day-to-day operations. Throughout the process, we ensure minimal disruption to your organization.
System Selection
The current RMIS market is growing by the day. Sifting through endless providers not only wastes time, but also distracts you from your core business operations. We conduct time-saving evaluations on your behalf, assembling an easy-to-digest list of vetted risk management technologies to help streamline the process. In turn, risk managers and organizational leaders can make the right decision with ease.
RFP Process
The Request for Proposal (RFP) process is essential within insurance and risk management alike. By working with Redhand Advisors, you can improve the process by leveraging our proprietary 500-question database that’s customizable to meet your goals. Additionally, we offer a time-saving platform that streamlines the entire process from the initial request to the final scoring.
Management
Project management and vendor relationships go hand-in-hand. If your organization is not on the same page as your vendor, delays, inefficiencies, and sub-par performance are likely to follow. By understanding each client’s perspective, our experts at Redhand Advisors offer leading project management support to keep your resources, timeline, and goals on the same page as your RMIS vendor.
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Services
Having worked with RMIS vendors across virtually every industry, we offer a holistic perspective to streamline your risk management implementations. By balancing time-tested strategies with cutting-edge tech, we facilitate the ongoing success of your projects. We understand firsthand that implementation hinges on not only innovative technology, but also how the technology interacts with your organization.
Alignment
As part of our services, we take a second look at your existing risk management systems. Through our industry-leading perspective, we oftentimes discover untapped functions for your current RiskTech and RMIS. Whether you are underutilizing your Enterprise Risk Management software or missing out on useful features of your Risk Management Information System, we help you reimagine each solution’s potential.
Analytics
Many of our clients are surprised to discover that they are underutilizing useful data. At Redhand Advisors, we not only know which information to look for, but also understand how to transform risk data into valuable insight. We seek out strategic risk management systems that streamline the data collection and analysis processes, leading to better decisions on your behalf.
Check-up
An annual review of your company’s critical systems is important to ensure that they are functioning properly, addressing your highest priorities, maximizing your return on investment and taking advantage of all technological advances. An independent annual checkup will provide governance oversight, build an internal case for the annual expenditure and help keep your systems on track and positioned for success.
Advisory Services
While developing RiskTech and RMIS solutions, understanding the end-user is an essential part of the process. We understand the industry from all avenues, empowering firms, tech providers, and insurance companies to develop more effective digital products. The decisions that result from our advisory services could save millions in developmental costs down the road. At Redhand Advisors, we understand the advantage that focused offerings can provide firsthand. To help you better address end-user needs, we take an in-depth look at your business strategy while conducting market research & industry analysis. Additionally, we offer due diligence, customer experience (CX) strategy, and more.
Market Research
and Industry Analysis
Our experts at Redhand Advisors are constantly working within the RiskTech marketplace, discovering new and trending technologies that will redefine the industry as a whole. We routinely utilize our analyses, reporting key findings through publications such as our RMIS Report. Our ultimate goal is to provide you with the insight you need to develop more relevant RMIS.
Strategic
Planning
With a cross-industry perspective that covers a range of risk-centric organizations, we help you leverage key strategies that boost the customer experience (CX) for your digital products, drive greater efficiency, and exceed performance benchmarks. We ensure that your RMIS developmental efforts are in the optimal position to succeed.
Product
Strategy
Although product strategies are forged in-house, they need to provide immediate value to end-users. At Redhand Advisors, we take all aspects of your product strategy into consideration, empowering tech leaders, investors, and insurance providers to profitably build, execute, and scale their RMIS products with confidence.
Customer
Satisfaction
Our over 6 decades of combined experience has taught us the real value and importance of customer satisfaction. Through our consulting services, we take an in-depth look at your current practices while discovering opportunities for improvement.
Sales
Strategy
Sales are key to organizations across every industry, resulting in greater revenue, growth, and sustainability. We help you generate leads, hire top talent, build cohesive teams, identify valuable partnerships, and develop robust customer acquisition funnels for your digital RMIS products.