Running a business comes with many different types of risk. Some of these potential hazards can destroy a business, while others can cause severe damage that can be costly and time-consuming to repair. Despite the risks implicit in doing business, CEOs and risk management officers can anticipate and prepare for potential risks regardless of the size of the business. Over the last few years, regulators and lawmakers have been enacting on a growing number of regulations to ensure companies of all sizes adhere to compliance obligations. Today, more companies are investing in robust risk management services to ensure the protection of intangible company assets and make themselves compliant with the current legislation. However, in spite of numerous developments in the risk management space, several companies still rely on a manual process to adhere to regulations.
Today, risk management space has acquired a strategic role with risk, legislation, methodologies, and technology changing continuously. Being in line with these changes and managing the associated risks have become more complex and invasive in all the processes across an organisation. Today, we can find specialised risk management solutions in the market that can be embedded in multiple functions and departments; drawing on insights from those various business areas and the data they generate, to streamline the entire process of risk management within an organisation. Integrating Risk Management across multiple business processes will also allow management to look at risks from a holistic point of view; rather than treating them in isolation. In turn, this will ensure the strategic alignment of risk mitigation actions throughout the business.
Equipping oneself with the full range of risk management services and consulting required to address a company’s issues to ensure a more favourable outcome is never a concern that should be taken lightly. With so many risk management consulting/ services companies offering similar services at the same price, CIO Applications Europe’s editorial board has assessed and shortlisted some of the most prominent organisations in the industry such as IFI Advisory, Probability, and Promteia. We present to you – “Top 10 Risk Management Consulting/Services Companies in Europe – 2019”.