Changes affect companies at an ever-increasing speed, and the repercussions keep getting bigger. Progressing digitization and increasing regulatory requirements are the key drivers behind this. If you ignore these developments, you should brace yourself for the economic consequences that are sure to follow. because the risk of loss due to human error or system/process failure increases. These operational risks result from weaknesses in day-to-day business operations, personnel, IT or the corporate culture.
Examples of operational risks include non-compliance with different control mechanisms, such as separating the control and approval process for payments (separation of duty), manual input errors, approval of expenses that exceed the approver’s authority or inadequate protection of customer data.
What our customers want:
Control the risk of loss due to human error or the failure of systems or internal processes
Be able to cope with increasing complexities in the company
Our Operational Risk Service
We assist you in finding weak points, implementing suitable control mechanisms and taking appropriate countermeasures. In doing so, we always take a fresh approach to maximize your benefits.