ICA's Enterprise Risk Management Services
What is ERM and How Will it Help My Organization?
Enterprise Risk Management (ERM) is a discipline encompassing an organization’s strategic and pure risks that enables decision makers to improve their risk mitigation strategies and seize new opportunities. Decision makers should integrate ERM into their organizational philosophy and management operations to gain a competitive advantage over peers that overlook its value.
Why Is ERM Important and What Is Involved?
It is imperative for today’s organizations to manage risks beyond a one dimensional or static approach. ICA’s ERM service is specifically tailored to the needs of the individual client and formulated by integrating an intimate understanding of their needs with their management philosophy, risk tolerance, and culture to maximize the return on ERM’s multidimensional facets. A sound ERM strategy allows its decision makers to understand interdependencies between their risk appetite and event triggers to help define good risks and bad ones. ERM can help your organization improve its understanding and strategy for managing complex risks that may not be addressed by only using siloed or traditional methods.
What Makes ICA’s ERM Service So Effective?
An ERM system should be designed to manage static and adjustable factors that an organization faces for risk evaluation and opportunity capitalization. Other service providers may fall short of meeting their clients’ goals by providing a one-size fits all approach. ICA’s ERM service is customized to the client’s needs, operations, and personnel, to provide metrics for ongoing evaluation and continuous improvement the client can measure in real time.
Overall Benefits of ERM:
-Enhance your understanding of risks facing your entire organization
-Implement successful risk evaluation technology with real time analytics
-Leverage leading analytics for mitigating negative risks and identifying opportune risks
-Utilize risk reporting and risk validation to improve coordination throughout your enterprise
-Benchmark better risk management practices to enhance communication within your enterprise
-Make optimized risk management decisions with actionable advice and develop an improved risk focused culture throughout your enterprise