Risk is a reality of doing business. Whether large or small, public or private, domestic or international, companies today operate in a risk-filled world. In many cases, risk is necessary for long-term operational success; however, failure to control risk effectively can often lead to just the opposite, including damaged reputation, loss of profits, disruption in productivity or, in severe cases, the end of the entity altogether.
Enterprise risk management (ERM) is the leading approach to managing and optimizing risks, enabling an organization to determine how much uncertainty and risk are acceptable to it.
With an organization-wide scope, ERM covers all types of risks and cuts across business units and considers end-to-end processes. It can provide organizations with a means of leveraging risks for greater performance, building a foundation for competitive advantage and ultimately establishing themselves as market leaders.
Organizations must respond to the increasing economic and competitive challenges proactively, taking the proper steps to ensure they are assessing, prioritizing and managing all risks – both old and new – in a strategic and consistent way. The planning and implementation of a formal program to better identify and oversee risks is of particular importance today, in contrast to what used to happen in the past where running a business trumped risk management.
We offer a wide range of Risk Management services, including the implementation of complete Enterprise Risk Management solutions using CARE (Control and Risk Evaluation) software.
The following are the main services we offer:
Implementation of a complete Enterprise Risk Management system covering all types of risks; Credit, Market, Operational, Strategic, Legal and Reputational.