How much money, time or customer satisfaction is your organization losing to Operational Risks?
Businesses have benefited from huge technical advances including automated processes to reduce people-related expense. However, efficiencies and savings continue to be offset by costs associated with Operational Risks, particularly those due to faulty actions of the people who are still necessary for process completion.
An increasing awareness of risks associated with these human activities in every business operation is driving a reexamination of "people risks" - and how to mitigate them.
ValuePoint LLC has a unique approach to operational risk management which ensures that all people-risk factors - as well as the other root causes of operational risk - are identified and addressed effectively.
ValuePoint LLC provides solutions for:
Weak or missing management controls
Fraud proofing business processes
Identifying and improving Ineffective links in an operation's value chain
Building skills or motivation for process members
Eliminating mistakes or failures to act, when and where required; and
Improving ineffective decision making
We provide professional consultation and advisement to emerging and mid-sized organizations, utilizing an Enterprise Risk Management Framework, to improve performance and cut expenses.
ValuePoint LLC solutions utilize:
Operational risk assessments
Process & change management services
Fraud examination due diligence & training
Enterprise Risk Management approach
Enterprise Risk includes strategic, financial and operational risks
Operational Risk as defined by COSO: "...those risks associated with people, processes, systems and external events."
Contact us for information about improving operational speed, cost containment and/or customer satisfaction