Alliant Credit Union of Chicago has selected SAS OpRisk Management solution to upgrade its enterprise risk management (ERM) program.

SAS, a provider of business analytics software and services, said that Alliant will generate direct benefit to members by minimizing losses, focusing management on key risks and better understanding risk exposures.

Alliant adopted its ERM program three years ago with an initial aim to drive cultural change by standardizing common risk management definitions and processes.

With the solution Alliant can have real-time, updated risk information and focus on facilitation rather than administration, according to the SAS.

Alliant Credit Union chief financial officer Mona Leung said that SAS OpRisk Management’s built-in regulatory framework addresses compliance concerns, such as the Basel Accords.