Are you able to improve risk management strategies within your organization? The following are ways in which you can improve risk management strategies within your organization and the importance.
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Biggest cyber risks to an organization
Are you aware of the biggest cyber-security threats that your organization faces or may face? By being aware of the biggest cyber risks, an organization can go a long way in preventing potential attacks.
Concealing Fraud
Did you know that only 3% of cases do not involve any attempt to conceal fraud? All of these unconcealed cases are either committed by owners/executives.
Types of Background Checks
Did You ever know that there are different types of background Checks?
Lean Six Sigma
Lean six Sigma is a process improvement methodology designed to eliminate problems, remove waste, inefficiency and improve the working conditions to better meet customers’ needs. It combines the tools, methodologies and principles of Lean and Six Sigma to improve an organization’s operations.
Insurance Investigations
The core business of an insurance company is to provide coverage in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Supply Chain Risk Management
Today, the short product life cycle combined with uncertain demand makes flow management more complex while lengthening the supply chain. This requires that new constraints must be taken into account in the management system for information, product and financial flows. Some companies have initiated production to order program, others have made upstream and/or downstream integration, and some have relocated or even outsourced to benefit from economies of scale and expertise.
All these strategies have not only brought added value to their initiators but also generated difficulties in their management. While the objective remains to adapt to a highly changing and demanding environment, the consequences of deployment of each strategy are potential source of risks. These risks related to the loss of control, flexibility, comply with the requirements of quality, costs and deadlines, either the distortion of information due to agents opportunism.
Due Diligence Framework
Your business, its associations, and its organizational structure are unique. No enhanced due diligence investigation is ever the same. By undertaking a detailed review of new and existing customers and third parties, you can help safeguard your reputation and comply with your regulatory requirements. It ensures sound compliance standards and helps you make more informed decisions.
