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Risk Management

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Risk Management

Risk management is not the responsibility of a single department – it is the responsibility of everyone in the company. Past business failings have often been attributed to lack of accountability, strategy, and transparency. Tougher expectations by regulators and other stakeholders are driving companies to demonstrate better discipline, control, and responsibility. Failure to keep on top of and comply with existing and emerging regulations could jeopardise reputations and livelihoods.

Financial Risks
Financial risks have probably never been more acute. Capital reserves, credit portfolios, investment policies, and capital and debt profiles all demand constant scrutiny to adequately manage and mitigate risk.

Supplier Risks
Companies should also be vigilant about risks presented by suppliers. A counterparty who defaults on a contract, or whose business collapses, can have serious financial and reputational ramifications for connected parties.

Fraud Risks
Fraud risks can also increase when cash is tight. Some employees become more opportunistic – and external hackers more resourceful. They find security lax in areas of the business that used to be better resourced… and they strike.

Our Risk Consulting professionals at ConsultingGenius® offer insights and experience that can help our clients stay on track and deal with the risks that could affect their business.

Looking for a professional risk management service, or need more information on how we can help with your risk management requirements? Then please click on the “FREE Quote” button at the top of this page and start your project by getting an initial free cost estimation and advice tailored to suit your business needs.

 

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