About Risk
It has never been more urgent to understand and proactively manage business risk at every level of the organisation in order to at least stay in business and to take advantage of opportunities for growth.
Reducing business risk and removing barriers to growth is achieved through internal control systems implemented and working effectively. This improves information reliability, decision making and drives competitive advantage. From a secure footing different strategies can be evaluated, new markets entered and new products brought to market.
High performing companies have an internal control infrastructure underpinning the successful execution of their businesses and risk management strategies. This provides them with a platform for sustainable and continuous improvement that propels them towards their goal of reducing their exposure to risk while increasing their profitability.
Contrary to popular belief that internal control is a burden to budgets and management time, quite the opposite can be true when done correctly.
A streamlined, standardised risk management infrastructure, shored up with appropriate technology, can deliver long-term benefits far beyond immediate cost reductions: Greater transparency, greater cross-enterprise collaboration, and ultimately greater business value.
If a business does not have an agenda for internal control, they need to ask themselves why.*
If you could implement the appropriate technology with a return on investment of typically less than 12 months, why wouldn't you do it?
The solutions and related professional services we offer are specifically designed to help you and your organisation manage and reduce risk so you can meet your regulatory and value creation objectives.
They do this by allowing you to focus on risk and provide you with the means to demonstrate compliance on demand, so you can achieve excellence through continuous improvement and efficient compliance management.
To find out more about how you can improve your internal control and reduce your risk read about Q-Pulse.
* (Ernst & Young, 2007 - From Compliance to Competitive Edge: New thinking on Internal control)