As organizations grow and business operations turn complex, there is increasing need to implement strong risk management programmers. Identifying current and emerging risks and understanding their impact and probability is fundamental to establishing good governance. Considering the volatility in internal and external environment of business, absence of a structured or formalized approach to risk management may result in key risks not being managed appropriately, leaving organizations exposed to the risks getting realized.
ValueAxis Advisors brings on board very practical risk management experience in identifying risks, establishing mitigating controls and ensuring that they are effective on strategic as well as transactional levels. Our team has experience of successfully implementing robust risk management framework for some of the major global leaders in manufacturing and service space.
The team has hands-on experience of conducting internal control reviews for processes like manufacturing operations, logistics & supply chain, civil work and expansion projects, procurement & sales, inventory management, human resource function, statutory compliances, finance & working capital, IT framework, internal control over financial reporting (ICFR), etc. The team brings to clients industry-specific experience along with structured approach in planning, execution and reporting of findings in Audit Committees. We also suggest practical solutions to mitigate control gaps and deliver tangible results in form of measurable savings. Our services include:
- Establishing Model Business Processes and SOPs
- Designing and implementing strong Internal Control Framework
- Management Reviews and Internal Control Audits
- Governance, Risk and Compliance (GRC) implementation
- Civil Contracts Management Services
- Rolling out Statutory compliance framework with digital controls
- Establishing Enterprise Risk Management (ERM) Framework
- Physical verification of Fixed Assets and Inventory
- Branch Audits, Concurrent Reviews and Pre-Audits of Payments