Back in control

The CSO consultant will asses your situation and evaluates it with you. We map your business processes and, wherever possible suggest improvements. Based on the risk assessment of your organization and the company’s objectives the following a recommendation taking into account your requirements and the context of your organization.

Because we understand your business risks, we can save you a lot of unnecessary worries. We get you back in control and help to increase your returns.

CSO Risk controlling

These questions and more are questions that CSO Risk Controlling helps you to answer:

Are you aware of the risks within your organization?

Do you wonder whether your organization can operate more efficient?

How can you grow your assets?

Do you know what your organization really costs and yields?

Do you have the right information to manage your organization?

Is your organization vulnerable to fraud?

Do you have visibility into your liquidity?

5 areas:

CSO Risk controlling focuses on the optimization of five areas:

Financial management

– Long-term planning in order to predict your financial part and manage it
– Bugetingallocation and commitments
– Types of loans; cheaper solutions?
– Factoring
– Treasury
– Working capital

Cash Flow Management

– Incoming and outgoing money plotted in time
– Difference between costs and expenses, income and revenue
– Legitimate payments through separation of functions at carry out payments
– Accounts payable and accounts receivable (payment terms and timely payments)

Inventory and purchasing management

– Required amount of stock
– Risks: theft, durability
– Amortization of stock
– Separation of functions to counter ‘nice for at home’, cost overruns, etc.
– Embezzlement of goods
– Legitimate orders
– Too much stock leads to unnecessary use of capital vs flexibility
– Efficient use of resources (eg vehicle fleet management)

Human resources management

– Unproductiveness -> unnecessary costs
– Overcapacity -> unnecessary costs
– Sickness absence and its cost
– Understanding what productivity costs and yields per person

Sales Process

– Cost prices (per hour, service, product)
– Recovery for indirect costs, risks and profits
– Commercial Rates
– Risk assessment to determine payment terms and outstanding balance
– Calculation Model
– Separation of functions in drawing up and signing

Risks mapped out 2014-2009

2014 2009
Strategic risks
66%
49%
Financial risks
86%
69%
Operational risks
78%
60%
Financial reporting risks
28%
23%
Compliance risks
47%
27%
Legitimacy Risks
28%
Reputational risks
38%
source: Second National Research Risk Management in the Netherlands, PWC/Nyenrode/NBA, 2014

With CSO Controlling Risk

  • You ensure risk management
  • You prevent surprises
  • You fortify growth
  • you ensure business continuity

CSO
Consultancy

ERM strategy,
financial fit analysis,
fraud investigation, assessment and policy, security

Risk
Controlling

finance management, cash flow,
inventory and procurement,
HR management

Interim
Management

risk management, financial management, comprehensive safety and security,
crisis management

Courses
and Training

ISO 31.000
risk management,
awareness,
specialist (SF)
courses

Continuity Management

BCM, AO&IB,
financial management, comprehensive safety and security,
crisis management
Contact
Are you interested in one of our services or do you want a quick overview of your risks? Please contact us for an non-committal appointment.
Contact