Have a Proactive Approach to Your Risk Management Techniques with A-GRC Consulting

“If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business” – Gary Cohn Forecasting and foreseeing the future is as necessary for an organization as holding on to their current value and assets. Most multi-national corporations and big-standard firms pay a lot for people to sit down and assess their future plans so that the risks can be mitigated and everything falls in order. It is not necessary to dedicate your majority of time on these issues when there are people doing it professionally and in the most proactive manner.

Why Risk Management Services are the key for a secure business environment?

Risk is the main cause of uncertainty for businesses who’re eyeing steady returns and cash flows in the future. Companies who’ve dedicated resources mapping the future and reducing the uncertainty are probably going to do well and focus more on their core expertise than firms who’re identifying the degree of probabilities and addressing risks as they come. To enhance your future business decisions, refrain from taking risky judgments, and have the ability to manage greater risks – one must have the right kind of risk management services in place.

Changing business landscape –

In the last decade, companies have been facing all types of risks starting from their cyber security to internal audits that may change the value proposition of the company. To address multiple risk factors, most companies have deployed their best-known risk management services and have started to focus on a risk management strategy in hand – both for the present as well as the future. Since risk consultancy jobs have now sky-rocket demands, your job is to find out the best-suited consultancy for your business. As the most esteemed and trusted risk consultancy in London, Assured Governance, Risk and Compliance (A-GRC) gives you the wings to fly high while looking at the possible risks that your business may fall into in the future. Insights are key in helping you develop a system that’s going to take care of the possible infringements and on-the-job errors and A-GRC can provide you the most stable insights in the whole of United Kingdom.

Your go-to Risk consultancy in London for everything risk management –

Since the onus lies on us to introduce you to the safest ecosystem of risk management services, we must tell you the pre-requisites that we already bring to the table: 1. Enterprise Risk Management Process – a streamlined process for consistent, continuous and structured risk management for your company. 2. Gap Analysis – before setting up the ERM process, it is essential to identify and compare your company’s existing capabilities with what management capabilities you would like to have in place in the future. 3. Risk Identification Process – collection, categorization, identification, prioritization and finally mitigating risks – you get a complete process that your risk consultancy in London will run-through for your company. 4. Developing Tolerance Thresholds – anything and everything that’s been identified in the earlier process cannot be thrown back into the business environment. Thus, cleaning up is necessary and that can be done by building a tolerance threshold; optimal capital and human resource allocation based on the size of risk that’s there on your business functions. 5. Risk Evaluation – Accepting the risks, managing them and then routing them out of your organizational goals, the complete risk evaluation can be done by the experts who’re vouching for your successful risk management. 6. Managing the Framework – along with the risk mitigation, there’s an internal framework that has to be managed to filter out more potential threats to your company or business. The A-GRC comprehensive approach lets you address the core issues relating to everyday functioning while also assisting in the principal business requirements. 7. Implementing Technology & Software Applications – apart from the human end of affairs, technology plays an equally important role. Building communication protocols and a risk-effective framework is essential. By integrating risk management activity into your compliance framework, the tailor-made risk management services from the best risk consultancy in London will help you live at ease and enjoy reaping the benefits of a stable system in place. Lookup for A-GRC consultants today and never miss out on any internal or external risk-factor that may come back to haunt your company in the future.

7 Steps Your Business Can Take To Mitigate Coronavirus Risks

The COVID-19 pandemic is spreading rapidly, with new updates coming every minute. As the situation evolves, many small business owners don’t have any idea about what steps they should take to mitigate risk, protect employees and support customers. Mass quarantines, wide-scale mandated business shutdowns and massive supply chain disruption is the worst-case.

Here are 7 steps your business can take to mitigate risks in case of a coronavirus pandemic.

Follow the Law’s Advice, Warnings and Guidelines

During the Coronavirus crisis, your business will not have a choice. Soon, quarantines could be mandatory, businesses may be closed and travel will be restricted in hardest-hit areas. Health facilities will be overwhelmed, emergency response times will be reduced. Look for regular and widespread health alerts coming from local governments and if they start ramping up efforts to control the pandemic.

Establish a Remote Work Option

With plenty of people already working remotely, there are a lot of free tools business owners can use so that teams can stay in touch and keep working even if they are not in the same place. Implement a remote work policy that covers when you expect your team to be available and how to communicate. To establish a remote work option safely during this Coronavirus crisis, you can get in touch with risk consultancy in London.

Communicate, Communicate, Communicate

Keeping your employees up to date on emerging threats — and the company’s response — is very important. Use your company’s crisis communications now and an informed staff member is much less likely to panic and overreact. Employees should be encouraged to watch for signs of sickness in themselves and co-workers and know to whom they should report their concerns.

Plan For Major Supply Chain Disruptions

In response to the growing COVID-19 threat to their supply chains, some businesses have taken steps to reduce their production capacity by 10 % or more for the next few months, and delay shipments of products by weeks or months. If you need an effective plan for major supply chain disruptions, hire a professional risk consultancy in London.

Give Employees Flexibility

With the country’s complete lockdown, you will need to be flexible with your employees’ time. Some employees may have to leave unpredictably if their child’s daycare closes. Others may have students who come home from school for a spring break and aren’t able to return. Try to understand when something comes up and make sure you have a contingency plan in case you suddenly become short-handed. Hiring an experienced risk consultancy in London is the best way to create a contingency plan if you don’t know how to reduce the risk during the COVID-19 crisis.

Convey Financial Risks Posed By The Coronavirus

With the disturbance of supply chains and offices, there are real attacks to a company’s bottom line in the short and long term. Public organisations need to convey these risks to shareholders and regulators instead that the risks are developing and changing by the day.

Reduce Meetings And Travel

Try to keep opportunities for exposure to the virus to a low level. Postpone any professional meetings or hold them virtually. Skip any conferences or other planned business travel. If your employees get sick because of travel or meetings, you could have a responsibility issue. So, get in touch with a reliable risk consultancy in London for mitigation of coronavirus risks.

Re-Examine COVID-19 Risks Associated With Third-Party Suppliers

Besides the usual risks, analysts should look at risks associated with the countries their suppliers operate in, and those risks should be continuously monitored and updated. If at all possible, start searching for alternative sources for essential components in your supply chain. If you are a startup and don’t know how to protect your business from coronavirus risks, hire a reliable risk consultancy in London. By following these seven steps of risk mitigation, you will be able to mitigate the coronavirus risks. Still if you are not completely sure about risk mitigation, get in touch with Assured GRC.

Get Help From Assured GRC As a Risk Mitigator

If you are looking for a professional risk consultancy in London, get in touch with Assured GRC. Our experienced consultants have significant experience in providing information risk management for various organisations. When you get in touch with our consultants, they will help you by providing advice on the implementation of appropriate risk management processes for a variety of management standards and expertise to review past risk assessments. If you want to know more about risk management or mitigate the Coronavirus risks, contact us at +44 (0)203 4759 932 or management@assuredgrc.com today!