Enterprise Risk Management
Mitigate business risks and maximize performance and profitability
Businesses always set aggressive goals and focus on achieving results. But sometimes results can come at a high price that can be overshadowed by the achievement of goals. Risks including inefficiencies, increased costs and loss of key resources can become the status quo in a business without a clear understanding of how they can impact long-term performance.
Aprio’s Enterprise Risk Management (ERM) team of risk advisors and operational improvement specialists help clients identify and mitigate risks that can impact revenue, cost, profitability and cashflow.
Our clients receive Big Four experience, delivered with personalized service and senior level attention. Leveraging over 30 years of risk-based consulting experience with Fortune 500 companies, we work closely with you to develop strategies and tactics to manage risks that can impede the achievement of your business objectives.
Risk occurs when there is misalignment of people, processes and technologies within any of the five functional areas of your business.
Who needs Enterprise Risk Management?
Aprio has experienced the greatest demand for ERM services across professional services, manufacturing, retail, ecommerce, technology and consumer electrons. But business risk is industry agnostic. There are several universal business conditions that can dictate the need for risk management support.
- Overperformance High-growth companies often think in the here and now, focusing on the immediate short-term delivery needs of the business. We provide objective long-term strategies for sustainable growth that can safeguard shareholder value.
- Business Complexity The more complex business models and operations become, the greater opportunity for hidden risk. We help support continued growth by identifying roadblocks, blind spots and gaps that can negatively impact long-term success.
- Underperformance Poor performance or adverse events can illuminate business problems that can significantly increase a business’ risk profile. We can help businesses climb the maturity scale by plotting a course from where they are now to where they want to be.
- Plans to transfer ownership within 5-10 years ERM can provide strategic insights to businesses planning for future transfer of ownership or sales transactions. Our solutions enable owners to take proactive steps that can enhance business value and maximize transactions.
Identifying and understanding the impact of risk
Aprio’s proven Assess, Identify & Manage (A.I.M.) methodology begins with a comprehensive risk assessment. Our assessments include both top down and bottom up interviews to gain a holistic understanding of your business. Identified risks are then plotted by likelihood of occurrence and impact to the business to effectively prioritize risks and remediation recommendations. We help business leaders “own” their business risks so they can make informed decisions on which risks to accept, mitigate, avoid or transfer.
For businesses experiencing rapid growth, we recommend Risk Management Strategies that clearly identify risks and the strategies and tactics that support business objectives.
For businesses that are underachieving on target goals, we provide Operational & Performance Improvement Strategies. These often include refinement of internal controls and improvement of business processes.
Aprio ERM services
We look ahead to what’s next for your business. Whether you are exceeding your projections or struggling to make your numbers, Aprio’s Enterprise Risk Management group can tailor a solution to meet your business needs.
Our risk advisory solutions include:
assessment
audit
controls
reviews
strategy
You might need enterprise risk management if…
- If you can answer “yes” to any of the following questions, a risk management assessment could greatly benefit your business:
- Do you have questions about your ability to grow the top line?
- Is there room for financial or operational improvement in the business?
- Are there business issues that keep you up at night?
- Are you concerned about the quality of your financial data for decision making?
- Are you planning to sell your business within the next 5-10 years?
- Do you have family members, partners or employees that will eventually take over the business?
Schedule a “risk free” risk management consultation
To learn more about Aprio’s Enterprise Risk Management Services, and schedule a no obligation Risk Management Consultation, contact Dave Recchion, Partner, Enterprise Risk Management Services.
Services
Risk Assessment
The first step in an effective risk management strategy. Our assessment process includes comprehensive top down and bottom up interviews to identify risks and provide you a clear understanding of how they can impact your business objectives.
Internal audit
When your organization and trading partners need facts to drive an important business outcome, Aprio delivers the focused quality testing and reporting services you need for assurance and to demonstrate compliance.
Internal controls reviews
Find out if you have the proper controls in place to effectively scale your business and mitigate risks. Our team will employ our expertise in your industry to make sure the right controls are in place to support your business objectives.
Risk strategy
Position your business for growth, transactions and transfer of ownership. Our risk strategies provide a defined prioritized roadmap that enable you to take proactive steps to maximize revenue, profitability and business value.
Operational & performance improvement
Poor performance or adverse events can significantly increase a business’ risk profile. We can help businesses plot a course from where they are now to where they want to be.
Business Continuity Services
Aprio’s ERM team works closely with you to identify the risks and align your people, processes, policies and resources to effectively respond and recover from threats to your business.