Starwood Selects MEGA for Risk Management Program
Tuesday October 29th, 2013 - 10:23AM MB
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BOSTON—Starwood Hotels & Resorts Worldwide, Inc. has selected MEGA software solutions for its enterprise risk management (ERM) program.
Starwood will use this initiative to implement the most recent best practices in risk management and establish processes to deal with emerging risks. MEGA’s software links information on risk management with data on other corporate business processes, providing a comprehensive view of the company’s infrastructure and facilitating better risk and business optimization decisions.
“We believe enterprise risk management can convert risks into opportunities,” Mark Reiss, senior director, Enterprise Risk Management, Starwood Hotels, said in a statement. “We expect this expanded ERM program to help us identify and test current risks and deal with emerging risks.”
Tags: • Hospitality • Brands • Operational •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.