Risk management consulting services

Challenge

In order to avoid risks or to at least be able to counteract them, it is vital that they are recognised, classified and evaluated. Tiered hierarchies, complex processes and IT systems, and international integration make risk management consulting services necessary to help secure the future of a company.

Depending on the legal form, management is also legally obliged to operate a fully functional risk management and information system.

Credit institutions and insurance companies also assess their customers on the basis of non-payment and liability risks. This is reflected in the interest rates offered for loans and insurance premiums. In many cases, customers do not discover how these are calculated. However, there are in fact often objective reasons that can be overcome. In order to be able to manage potential risks, you have to be aware of them so that you can then manage the company over the long term with low interest rates and insurance premiums.

To provide you with the best possible service, we have split "Risk management" into three separate offerings:

1. Business risks

• In the first step, we use our practical knowledge of risk management to eliminate and evaluate potential risks
• Together, we identify appropriate measures to avoid risks or to reduce their impact
• We coach you in using our methods so that you can also use them without outside help and can benefit from them over the long term.

• Analysis of the relevant financial risks in your company, such as:
  •  Liquid assets
  • The order situation
  • Claims management
  • Inventory levels
  • Etc.

• Joint development of meaningful tools for the ongoing evaluation and planning of finance-related risks
• We coach you in using our methods so that you can also use them without outside help.

• Analysis of the project plan and project progress based on company and project objectives
• Analysis of the project organisation
• Creation of hypotheses about critical project areas and project priorities
• Structured interviews with those involved in the project, managers and potential users of the project end results
• Assessment of the interviews:
  • Evaluation of the initial hypotheses
  • Ranking of the opportunities, risks, strengths and weaknesses named in the interviews
  • Forecast of potential risks in the course of the project, the change process and the subsequent operational phase
  • Presentation of the risk evaluation according to probability of occurrence, economic impact and risk strategy
• Creation of recommended actions
• Preparation and completion of a final presentation

• Process-oriented risk identification and formulation
• Risk evaluation according to economic impact, probability of occurrence and risk strategy definition
• Identification of risk-countering measures in accordance with the defined risk strategy
• Monitoring of other risks

• Strengthening of entrepreneurial freedom
• Creation of sustainability
• Partners and customers perceive you as a stable, long-term and responsible business partner
• Managed risks as a basis for negotiations with financial service providers
• Risk list and action plan

Our consultants have worked in companies as heads of accounting departments and/or in auditing firms and have developed a wealth of experience on the basis of this.

Practical experience combined with operational advice leads to holistic support that goes above and beyond familiar, theoretical high-level consulting approaches.
You will benefit from our consultants' years of experience in various large projects at other companies in the same industry.

IT plays a very important role, particularly in the financial sector. It is here that our advisers benefit from very close contact with the COSMO CONSULT group's ERP consultants. Whereas any other external consultant would take time to come to grips with specialised knowledge, our associates will easily and promptly draw on their previous experience.