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Risk management: As easy as ASP

Application service provision has transformed prospects for suppliers of risk-management software. Systems that smaller corporations would once have found too costly, or too feature-heavy, have become available relatively cheaply and in digestible chunks from ASPs on the internet. Even larger companies can see the advantages of the ASP strategy and it is possible that the model will supersede the installed software approach. Boris Antl and Richard Laden check out what is available and forecast market developments

Installing a powerful risk-management software system is a bit like owning a horse. A horse may seem like a wonderful idea to a child, but if you try to keep one in the garage, and have to keep feeding it and mucking out its accommodation, you quickly understand that it might be better to stable the horse elsewhere. And when you realize that you are not getting a chance to ride as often as you hoped - and that the horse is getting long in the tooth - you may well conclude that you don't really need your own horse, and that it might be a better idea simply to join a riding club where you can saddle up from time to time.

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