Risk has always been a part of business—an enduring reality that every company must address. To compete, grow, capture and retain benefits, organizations must accept risk.
Today, risk is larger, less predictable, more varied and more ubiquitous. And the nature of risk is different. Risk is magnified by supply chain complexities, shorter product life cycles, tumultuous financial markets, sudden demand shifts, emerging competitors, global collaborations, expanding regulations and technology advances.
Risk also has many more faces: cash flow crises, supply disruptions, quality failures, cyber intrusions, financial fraud and technology breakdowns.
Clearly, companies are exposed to more risk—and more kinds of risk—than ever before. This is why THIMPL strategy help organizations’ management to understand why risk management is a higher priority for their company.
Forward thinking companies—the kind THIMPL strategy calls high-performance businesses—recognize that a changing risk environment requires them to change also. So instead of depending on reactive, insurance- and compliance-based approaches, many of these organizations are proactive and build subsequent strategies. The idea is to make risk management less about obligation and more about opportunity for efficiency.
THIMPL strategy professionals enable organizations with all of the technical and expert resources they require on-demand, without the need to hire full-time staff, on Internal Control. Our systematic and disciplined approach aligns stakeholder expectations with leading internal control practices and ensures the internal control activities are operating at an appropriate level of performance that provides the highest value to the organization.
Why THIMPL strategy ?
Effective risk management requires—THIMPL strategy delivers—a unique combination of functional depth, sector knowledge, technology skills such as data mining, risk analytics and systems integration; and business transformation experience.
We have developed a proven methodology to:
- Adopt risk-focused decision making;
- Model and analyze business information;
- Develop early warning solutions that can detect emerging threats and opportunities;
- Promote risk management capabilities across the organization
- Help organizations transform risk management into a growth-enabling capability and a source of sustainable competitive advantage.