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And the award for “Best User Implementation” goes to…Hyatt and Ventiv!

Cloutman_accepts_2015_CIR_Risk_Management_Award_cropped.jpegIt’s my pleasure to share the news with our blog readers that Ventiv Technology and global hotel chain Hyatt* have received a prestigious 2015 Risk Management Award, hosted by CIR magazine. Ventiv and Hyatt were named the joint winner in the “User Implementation” category, recognizing the year's most successful deployment of risk management software.

Winning a Risk Management Award from London-based CIR (Continuity, Insurance & Risk) magazine is a great honor. The award publicly acknowledges the remarkable, quantifiable results achieved by the Hyatt risk management team. On behalf of all of Ventiv, I’d like to congratulate the Hyatt and Ventiv team members who have made our collaboration such a great success!

I’d also like to thank Hyatt’s Mark Baker, vice president of risk management, for the comments he made about the award:

“Safety and security is a top priority for the company, and we are committed to using data to make smart decisions with that in mind. Our online, dashboard-driven portal gives hotel owners and managers tools to identify their property’s unique risk, safety, insurance and claim priorities. Hotel owners and managers are pleased by their newfound ability to project and control reserves, which results in more predictable costs. Across Hyatt, we’ve seen decreases in key indicators such as total incurred, average claim costs, claim count and lag time.”

I’m particularly gratified that the joint Ventiv-Hyatt submission was selected by a panel of distinguished judges. Our submission featured detailed, significant milestones and key performance indicators that demonstrated a substantial, measurable return on investment. I hope you’ll take a few minutes to read the complete award-winning Ventiv-Hyatt story.

Hyatt has been a RiskConsole client since 2010, and from the beginning has been committed to the continuous innovation of its risk management platform technology. We’re proud to be Hyatt’s risk management technology ally.

* The term "Hyatt" is used for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Stephen Rhee is Ventiv Technology's CEO. Contact Stephen at Stephen.Rhee@ventivtech.com

risk management software ROI

Dec 10, 2015

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