innovation

Riskmonitor

WG22758 / © Crown copyright 2015

Riskmonitor, a statutory compliance consultancy based in Llantrisant, is set to expand its services worldwide thanks to the redevelopment of its innovative risk assessment programme.

Riskmonitor has been developing risk assessment software, known as RAMIS, since 2006; the software includes audits and checklists for risk assessment, with specific focus on the assessment of fire and asbestos. However, customer research told Riskmonitor that certain elements of the system were not being used by every client, rather small elements of the software relevant to each company.

With support from Welsh Government’s SMART funding programme, Riskmonitor was able to re-develop the programme into modularised components, launching the new version in 2012. This allowed clients to access the specific components of the programme most suitable to them.

The redevelopment of the programme has helped

Riskmonitor to gain new clients across the UK, including Slough Borough Council, Somerset County Council and Interserve among others. Most significantly, the funding has allowed Riskmonitor to develop a version of RAMIS accessible to smaller companies, who can now cost effectively purchase individual components of the system in relation to their requirements.

Thanks to a second stream of Welsh Government support in 2014, Riskmonitor has been able to mobilise RAMIS’s risk assessment software, launching it via a mobile app – a significant step forward from the paper risk assessment forms of the past. This means RAMIS can be taken directly to the site undergoing risk assessment, and its offline capacity means it can be used without a wireless connection. It is estimated that this latest development of the

system will reduce the time spent in the risk assessment process by 50%.

The developments in the software have safeguarded three jobs, as well as the recruitment of an additional three employees. Most recently, Riskmonitor has been in discussions with Middle Eastern government bodies with a view to exporting the programme oversees, opening up a new global market for the company.

Dave Dean, CEO of Riskmonitor, said: “After spending nearly a decade developing the RAMIS software, it was a daunting task redeveloping it. However, with funding from the Welsh Government we have been able to not only rebuild RAMIS to broaden our market opportunities, but we are now in talks for business overseas – a very exciting prospect.”

To find out more about funding and support from the Welsh Government:

Email: businesssupport@wales.gsi.gov.uk

Web: business.wales.gov.uk

Tel: 03000 6 03000