“Large hospitality providers with many facilities, worldwide locations and large numbers of employees must understand the risks that occur at each location and the cumulative effects of risks at the enterprise level”
Starwood is one of the leading hotel and leisure companies in the world, with 1,162 properties in nearly 100 countries and 171,000 employees. Its internationally renowned brands include St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points by Sheraton, aloft, and element.
The company plans to enhance its risk management program with the MEGA software. In addition, the company will use this initiative to implement the most recent best practices in risk management and establish processes to deal with emerging risks.
“We believe enterprise risk management can convert risks into opportunities,” noted Mark Reiss, senior director, Enterprise Risk Management, Starwood Hotels. “We expect this expanded ERM program to help us identify and test current risks and deal with emerging risks.”
Because markets shift rapidly, and business environments change, executives can make better decisions based on comprehensive, easy-to-access and accurate information about the company, its processes, resources and inter-dependencies across the entire organization.
“Large hospitality providers with many facilities, worldwide locations and large numbers of employees must understand the risks that occur at each location and the cumulative effects of risks at the enterprise level,” explained Lucio de Risi, CEO, MEGA.
The growing complexity of the hotel business requires hospitality companies to support their ERM programs using software specifically designed to identify and manage risks. MEGA’s software links information on risk management with data on other corporate business processes, providing a comprehensive view of the company’s infrastructure and facilitating better risk and business optimization decisions.
For more than 20 years, MEGA’s solutions have helped companies describe, understand, and optimize organizational structures, business processes and assets. Customers include Aetna, Choice Hotels, Express Scripts, Nissan, Procter & Gamble, and Walgreens.
MEGA has long been named by industry experts as an innovator in helping enterprises improve corporate performance through its robust set of tools to evaluate and improve corporate processes and align them with resources. MEGA was named a leader in Gartner, Inc.’s Magic Quadrant for Enterprise Architecture Tools, published Oct. 31, 2012 and in The Forrester Wave: EA Management Suites, Q2 2013, published April 2, 2013.