Whole Foods Implements Risk Management System

AUSTIN, Texas — Whole Foods Market here has implemented risk management software, Riskonnect RMIS, from Riskonnect, Marietta, Ga.

The system is designed to help executives make forward-looking decisions based on real-time, enterprise-wide, comprehensive risk information, Rickonnect said. It has enabled Whole Foods to cut days off financial report closings, according to Margot Roth, director of risk management, Whole Foods.

“As a public company you only have so much time to get all your financial reports closed,” she said. “The integrity of the data and the audit-ability of the data have greatly improved. We have not begun to realize the complete ROI on this.”

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