Fortune 250 organization sees increased stakeholder confidence and record breaking financial performance.

Our Client's Need

Thrivent Financial, a Fortune 250 and century old member owned financial services organization recently embarked on an ambituous undertaking to substantially expand their mission and markets served. Help was needed in assessing their current governance and risk management practices and equipping themselves for success in navigating the road ahead.

Solomon365 Solution

Thrivent leveraged the Solomon365 solutions to make their risk management and board governance disciplines even stronger and more integrated, allowing them to implement their expanded mission and strategic shifts much more quickly than otherwise possible.

"No other firm we talked to was able to bring such an integrated approach and cutting edge solutions that addressed both our risk management and board governance needs, while equipping us to sustainably improve in these areas."

- General Counsel

Results Achieved

Positive results were seen both internally and externally after utilizing Solomon365. Thrivent has experienced notable internal enhancements in its board and organizational culture since making concerted efforts to better integrate its governance processes and systems. The board is more highly confident in the organization's risk management processes, information and risk taking culture - which has allowed management to effect deeper change faster while allowing the board to be more strategic and less tactical.

"I really like the new direction of our business risk management process - with the help of these solutions and approach, it has become more strategic and value-added, and will help us achieve the cultural transformation we desire of increase risk agility."

- Chief Executive Officer

Externally, Thrivent's executive team has reported significant benefits from enhanced stakeholder confidence and assurance, including: regulators, the outside audit firm, rating agencies, D&O insurers and the member base - whose continued earned trust and confidence are critical to Thrivent's ability to expand their mission and make the strategic shifts needed to lay the foundation for the next 100 years of marketplace success.

To top off the completion of its three-year initiative to become a market leader in integrative risk management and governance, Thrivent enjoyed the best financial performance in its 100 year history in 2013.

Interested in seeing how Solomon365 can bring these type of results to your organization? Watch a Solomon365 Platform Preview today.

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TAGS: Thrivent, Financial, Case Study, Risk Management

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