Collaboration, management and Control Solutions (CMCS) recently announced that Active Risk Manager (ARM), the leading enterprise risk management (ERM) software from Strategic Thought Group, a CMCS partner in the region, has been selected by the worlds largest oil producer - Saudi Aramco.
Saudi Aramco supplies around 10 per cent of global oil demand, and has major proven oil and natural gas reserves. In addition to being the top ranked global producer, Saudi Aramco operates refineries, distributes domestically and markets oil internationally as well as owning a tanker fleet. The company has major global investments in refining, marketing and distribution ventures in countries such as Japan, China, South Korea and the USA.
"We are delighted that Saudi Aramco, the global number one in its field, has selected Active Risk Manager. ARM has the proven capabilities to enable the oil industry to take an enterprise approach to risk management," commented Lynton Barker, Executive Chairman of Strategic Thought Group.
Saudi Aramco joins a growing group of global players which use ARM to meet their project, program and enterprise-wide risk management needs. The list includes Rio Tinto, Nestle, NASA and SABIC. CMCS, a leading provider of Project Portfolio Management (PPM) solutions, had recently partnered with Strategic Thought Group to promote broader use of its web-based Enterprise Risk Management software to enhance enterprise and project management capabilities in the Middle East region.
Under the partnership, CMCS will act as the regional distributor and representative of Active Risk Manager (ARM), the most widely deployed Web-based ERM software in the world that is developed by STG. CMCS will be involved in the deployment of ARM in some of the region's largest and well known companies.
