CubeLogic launches new SaaS risk management platform

Cubes in the cloud was designed after business prospects suggested the company launch a cloud-hosted product

CubeLogic has launched a risk management platform that enables businesses to bring together their entire risk management systems and services in one place, in the cloud.

Cubes in the Cloud covers the full suite of consolidating, analysing, managing and mitigating risk in an organisation, all hosted on the cloud for flexibility and scalability.

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"This is an important step forward for CubeLogic and we see SaaS becoming the preferred method of adopting innovative, new technologies," Lee Campbell, Cubelogic's CEO said. "With increased regulation and market volatility, firms need to be agile and use technology which supports their ever-changing business needs."

CubeLogic explained it developed the cloud-based version of its software after receiving enquiries from prospects wanting to deploy a risk management platform in the cloud rather than on-premise.

As more businesses opt to move their applications to the cloud, it was a simple choice whether to push ahead.

"The benefits of deploying software in this way are such that upgrades and changes can be implemented swiftly, there is far less disruption to business-as-usual and costs are reduced," Campbell added.

"Our particular solution already has extensive functionality across credit, market, liquidity and regulatory risk management and our roadmap is packed with new features over the coming months as we continue to invest in our solutions. More importantly, we already have our first live client on the platform."

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The company has already confirmed its first client and Cubes in the Cloud has now been deployed to a global energy business, which it's been working with since 2010.

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