Our Company

Avanon helps CFOs, CROs, CIOs and controllers gain tangible benefits from their enterprise risk and compliance programs. Organizations worldwide use Avanon's solution to deliver valuable results for some of the most heavily regulated industries i.e. financial services, manufacturing and energy firms.

 

Avanon improves operational efficiencies and mitigates many types of risk by continuously monitoring them, together with controls and performance. The multitude of different risk frameworks and regulatory requirements can each be cleanly supported in a single platform.

 

Founded in 1999 under the RCS brand, the firm's initial innovation was a unique fuzzy logic capability for aggregating key indicators and development of one of the very first organised public operational loss databases. RCS then engaged in a joint-development with Commerzbank and Accenture to deliver one of the first comprehensive solutions for banking operational risk management. This foundation work has led to the broader solution now called The Avanon System.

 

Through its partnerships with key industry leaders and clients Avanon has created a mature, robust and versatile product. The many solutions that it supports - ORM, ERM, GRC, ICS - are evidence of the products' underlying design strength.

 

Avanon continues to work closely with its clients, regulatory bodies and partners to deliver enterprise quality solutions that meet all evolving requirements. The company has been widely praised and recognized for customer satisfaction and breadth of functionality.

"We selected the Avanon solution because it simply offered the best fit for our needs. Flexibility and forward compatibility were also key selection criteria. We have been unusually impressed with Avanon and its product."

 

Walter Hollenstein

Head of Corporate Risk

Alpiq Energy