Methodware adds leading financial services group to list of customers Jan 19 2006

Methodware, a leading provider of risk management software solutions, has got 2006 off to a strong start with the sale of Enterprise Risk Assessor (ERA), its risk management software, to Friends Provident. ERA is used to record, evaluate and track progress of risks and loss events across businesses.

As one of the UK's leading financial services groups, Friends Provident required a risk system that would enable the identification, assessment, recording and reporting of risks, whilst bringing all these elements together in a user-friendly format. The ERA software is networked across the organisation, with access given to those responsible for coordination of risks within each business unit, together with the majority of the actual risk owners.

Phil Sellen, Manager, Group Operational Risk at Friends Provident commented:

"With ERA we are able to produce all the reports we require at a touch of a button; from high-level board reports to in-depth analysis of failed controls and loss events. The ability to produce 'focused risk reporting' for management teams at different levels throughout the organisation is of particular value, especially as it enables the management teams to concentrate on the salient aspects of their risk profile.

ERA supports the development of a positive risk culture within Friends Provident by helping to integrate effective risk management into everyday working practices. The software also enables Friends Provident to improve the quality of risk reporting, leading to an increased level of risk discussion and debate."

Martin Price, General Manager European Operations, Methodware said:

"We are delighted that Friends Provident has chosen Enterprise Risk Assessor and becomes a Methodware partner. I am confident this software solution will provide the integrated, flexible and effective risk information that Friends Provident is seeking. This deal heralds the start of an exciting 2006 for Methodware."

For further information please contact Martin Price, General Manager European Operations, Methodware Ltd.