Risk management

Risk management

Risk management

The risk management service includes developing a risk management policy and ensuring its effective implementation.

Risk management - this service is addressed in particular to companies exposed to the negative impact of external factors, such as:

  • changes in legal regulations
  • unstable environment
  • unstable market parameters - currency rates, commodity prices, interest rates
  • hacking attacks and other IT security incidents
  • thefts, burglaries and incidents of physical security breaches
  • disasters
  • epidemics
  • unforeseen behaviour of purchasers and suppliers

and internal factors such as:

  • failure to meet business and financial objectives
  • failure of information and communication systems and their malfunctioning
  • process unreliability
  • human errors
  • abuse (misuse, theft) and fraud

The implementation of risk management policy and processes in a company can take place at every stage of its development, not only after the occurrence of irregularities. Identifying risks and preventing their negative impact is an optimal procedure, regardless of the scale and form of business and sector in which the company operates.

Risk management - scope of the service:

  • identification of key risks, both in the business processes and in the entire organisation
  • developing effective risk management tools:
    • risk diagnosis
    • appropriate response to risk
    • preventive and risk-shaping measures
    • constant monitoring
  • developing a system which allows for effective allocation of resources for risk management
  • developing a model for the conscious and sustainable shaping of the company's risk profile
  • assistance in choosing the right tool to support the risk management process

Risk management - a form of cooperation between Crowe and a client:

  • if there is no risk management system, developing and implementing it from scratch
  • an overview of the solutions currently implemented in the company in terms of their effectiveness and adaptation to best market practices
  • developing risk reporting and monitoring mechanisms to support making the right decisions
  • implementation of risk monitoring and reporting systems and corrective actions
  • regular support in the process of risk management by entrusting us with the role of internal Risk Manager
  • conducting educational activities, trainings and workshops

Risk management - benefits:

A risk management system is implemented and well maintained and:

  • it reduces the probability of unexpected losses and minimizes their consequences, which positively influences the financial standing of a company,
  • it strengthens control over company processes and systems,
  • it improves the reputation and image of a company,
  • it strengthens the company's credibility in relations with banks, lessors, insurers, investors and other stakeholders,
  • it reduces the likelihood that members of the management board and other bodies will be held financially and criminally liable.

Contact

Maciej Karzekotowski
Maciej Krzekotowski
Business Consulting Director
Crowe

Risk management

Consulting