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Ventiv IRM

Score7.5 out of 10

9 Reviews and Ratings

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What is Ventiv IRM?

Ventiv IRM is integrated risk management software designed to provide the insights needed to monitor and lower the user's Total Cost of Risk (TCoR). It features real-time analytics for decision support by integrating data from internal and external sources in one system while connecting risk mitigation activities across the business.

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Categories & Use Cases

Media

Screenshot of Executive Dashboard Interactive dashboards allow you to consolidate cross module indicators with a variety of graphical visualizations, including heat and geographic maps, to show aggregations, trends, hot spots and forecasts.
Screenshot of ERM Summary Dashboard Focus in on key risk metrics and track how they have changed compared to prior reporting, look at your risk concentrations by business and risk category plus spot your key risk assessment movers.
Screenshot of Claims & Policy Dashboard Dashboards can be covering 2 linked modules like Claim and Policy here showing Loss Ratios along with Claims Incurred and Premium spend analysis.
Screenshot of Map Search Map Search allows you look for information geographically to spot locations and concentrations. Connect to our advanced analytics to see how your risk profile is impacted by geographic hazards and perils.
Screenshot of Portal Landing Page Sample 1 Create portal landing pages for your users or customers; make specific to your industry.
Screenshot of Portal Landing Page Sample 2 On the portal page include quick links to their common actions plus include lists of their current cases (claims in this example).

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Screenshot of Executive Dashboard Interactive dashboards allow you to consolidate cross module indicators with a variety of graphical visualizations, including heat and geographic maps, to show aggregations, trends, hot spots and forecasts.

Ventiv IRM Reviews

What users are saying about Ventiv IRM.
View all Ventiv IRM reviews

Ventiv IRM OSHA reports

Incentivized
Jill BrittonView profile
Analyst at Southwest Gas (1001-5000 employees employees)

Use Cases and Deployment Scope

OSHA reporting, facility inspections, causal factor injury investigations

Pros

  • Ease of running OSHA reports
  • Claim search/navigation is user friendly

Cons

  • Existing dashboards are not applicable to our needs
  • OSHA reports had errors at first, did not integrate automatically with C/E
  • Need more "experts" in creating IRM Digital forms. Process is lengthy because there aren't enough people well versed in creating IRM Digital forms

Return on Investment

  • OSHA reports are easier to run they were in our former software, Riskmaster
  • We don't utilized IRM as much as CE so are still finding ways to improve

Alternatives Considered

Ventiv Claims

Other Software Used

Ventiv Claims

Powerful Risk Management Platform - Ventiv IRM.

Incentivized
Greg Dodson
Sr. Director, Operational Risk & Strategy in Corporate at Coca-Cola Consolidated, Inc (10,001+ employees employees)

Use Cases and Deployment Scope

Ventiv IRM is our primary risk management information system we use for claims management, reporting, accident record keeping, accident investigations, and legal matter management.

Pros

  • Reporting
  • Document Storage.
  • Dashboarding
  • Record Management.

Cons

  • Mobile Functionality.
  • Easier use of dashboards.
  • Responsiveness of issues and project management.

Return on Investment

  • Ventiv IRM allows us to gain greater insight into claim trends, accident frequency, and loss severity.
  • The platform has allowed us to expand into new use cases, such as accident investigations and legal matter reporting and documenting.
  • We are able to use the reporting function to notify our business functions on a daily, weekly, and monthly basis. These reports help them understand current trends and allow them to adjust operations to reduce future losses.

Alternatives Considered

Fusion Risk Management and Riskonnect IRM

Other Software Used

Fusion Risk Management, Everbridge Mass Notification, Lytx

Ventiv - a partner through the storm.

Incentivized
Verified User
Manager (1-10 employees employees)

Use Cases and Deployment Scope

We utilize Ventiv IRM to track all levels of safety events/incidents for our clients. We align the incidents to the coverage and/or insurance policy to the store/location, of which the client has over 60 locations. We even track the financial risk for those incidents that do not affect clients' insurance policies. We analyze the impact each location has on the overall risk of the organization and assist clients in allocating premium costs equitably across the organization.

Pros

  • Support Portal allows direct access to support tickets, their status, and having programmers/developers reach out directly to me to clarify my requests.
  • Taking a big project and putting it into smaller, measurable pieces that move the project from beginning to end.

Cons

  • Clarifying what one has purchased in their modules - what's included versus not.
  • Making sure that what should be included in a module is active, usable for the client.
  • Once the module is set up for the client, give training to the client through all the modules. Walk with them, 1) make sure everything works; 2) the client understands how to use it. This is beyond the Ventiv University, which is a great refresher, and follow-up for something the client forgot.

Return on Investment

  • .

Other Software Used

Email Manager for Microsoft 365, Adobe Acrobat DC, Microsoft Teams

Usability

Recommended

Incentivized
Verified User
Technician in Information Technology (10,001+ employees employees)

Use Cases and Deployment Scope

We utilize Ventiv IRM to track our customers' safety events/incident levels. We look into incidents related to the coverage and insurance policy to the store/location track the financial risk for those incidents that do not affect clients' insurance policies. We analyze each area's impact on the overall risk of the organization and assist clients in allocating premium costs equitably across the organization.

Pros

  • Support Portal allows direct access to support tickets.
  • Measurable pieces that move the project from beginning to end.

Cons

  • End user training.
  • Software capability transparency.

Return on Investment

  • Effective Data Management and Governance.
  • Increased Productivity and Efficiency.
  • Improved Risk Grading and Analytics.

10/10 Recommend - Two Thumbs Up

Incentivized
Verified User
Analyst (1001-5000 employees employees)

Use Cases and Deployment Scope

Tutor Perini uses Ventiv IRM as a way to gather and collect all information on our each of our many policy claims (i.e. Workers Comp, General Liability, and Auto), and have it be a catch all and a way to keep our entire team up to date on all claims. We have thousands of different projects across the country, and use many different insurance carriers. Instead of having to track down all the info on claims/claimants on different carrier websites, we utilize Ventiv IRM as a catch all.

Pros

  • Very user friendly and intuitive
  • Quick searches
  • Setting up a new claim / project
  • Customer Support & Service

Cons

  • Setting up a new Advance Query report - sometimes I run into glitches
  • When creating/implementing a match merge, the two claims that are set to merge, need to be typed EXACTLY the same (UPPERCASE & lowercase matching on both, if one is all caps and the other is lowercase, the match merge is not successful)
  • I do wish there was a way to self-match two claims instead of waiting for the match merge.

Return on Investment

  • Organization has been the biggest positive
  • Only negative is getting our team 100% on board with utilizing it

Other Software Used

Egnyte

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