Without this, efforts to manage and optimise risk will be futile Before embarking on the development of a risk management framework, an organisation’s tolerance levels must be agreed upon and operationalised, so that the Board’s risk appetite is effectively executed. Read More …
Tag: Enterprise Risk Management framework
Why you must understand the board’s risk tolerance
Top 5 Strategies to Improve Enterprise Spend Management
In contrast to traditional account payable management, the enterprise spend management strategy focuses on regulating and improving how the firm spends money. An effective enterprise spend management strategy assists enterprises to optimize their expenses by enhancing processes and supplier relations, Read More …
7 Ways CFOs Can Create Value With ERM
More than ever, CEOs, boards, and cross-functional partners are looking for their CFO to bring structure to the decision-making process. While they need support in clarifying and executing their business strategies, there is also a desire for greater assurance over Read More …
How MSMEs can set up Enterprise Risk Management framework to identify, assess, manage business uncertainties
Ease of Doing Business for MSMEs: The MSME (Micro, Small, and Medium Enterprise) sector forms the backbone of the Indian economy, providing employment to approximately 120 million people and accounting for 45 per cent of overall exports. With 20 per cent Read More …