The external circulars that set the guidelines for the management of operational risk SARO, oblige the entities supervised by the Financial Superintendence of Colombia to have systems to manage operational risks. The management of these risks in Colombia is relatively new and at first the control was done in Excel, a functional tool, but limited and risky.

Given the amount of information and risks that must be identified and monitored, Excel began to be obsolete and the Financial Superintendence established as a rule that entities must have a technological infrastructure to manage these issues.

Operational risks constitute only a fraction of the dangers that companies in the financial sector must be aware of. Another factor to which careful attention must be paid is the counterparty risk, which requires the use of mechanisms to avoid non-compliance with the obligations acquired by the similar company.

The counterpart quotas must be granted through the detailed observation of a multiplicity of factors, which allow a quota to be given that is consistent with the payment capacity of the beneficiary company. To manage this risk, disruptive technologies have also taken over the sector.Excel has become an inadequate tool to meet the required standards of an operational risk management system, making specialized risk management software the best alternative for companies today.

Thanks to technological progress, Heinsohn developed software for managing operational and counterparty risks that meet the required standards, while having a high degree of flexibility, which allows them to adapt to the needs and demands of each company. This flexibility is the differential element of the software that, as Adreessen predicted, would eat the world and that today is devouring it.