Company management and turnaround professionals may be fighting too many fires to get involved in the details of various processes and their negative impact to how the company operates. Further, as business processes are often tied to software functionality, the analysis of why operations are inefficient, and thus costly, will likely require a “dual perspective” analysis, which we have great experience in providing.
If you are a public company, you probably are familiar with Sarbanes-Oxley in terms of the financial reporting requirements. But did you know that one of the most widely-used frameworks for Sarbanes-Oxley compliance, COSO, identifies Risk Management as one of the five key framework aspects?
Risk management encompasses virtually every aspect of your organization’s operations, such as purchasing, inventory, distribution, marketing, and accounting, and involves your employees, suppliers, and (current & potential) customers. Even more so, risk management includes the ability to see future possible risks and take appropriate action. Are you losing market share to competitors due to a poor brand image or failed sales & marketing campaign? Do you have suppliers who are constantly shipping short or late, or delivering less-than-first-quality products? Is your web site providing the right customer-friendly experience? Are you at risk of high warranty exposure or other consumer liabilities?
We know that every business decision must weigh the cost versus the value. We focus on providing the best possible value at a fair cost to our clients. Want to know more? There’s no risk or commitment in contacting us for more information or to schedule an introductory appointment. Well, what do you know - finally a decision that didn’t involve any risk at all!