Have you ever stopped to analyse whether financial risk management is done correctly and efficiently in your company? Do all efforts to avoid bankruptcy in the business? You are likely to be divided when answering this question, as it is sometimes overlooked by managers. 

Why prepare to avoid bankruptcy? 

Dealing with market fluctuations and unpredictability is a task for both large and small companies and is a fundamental part of the growth process. 

As the market undergoes constant changes, it i

Coronavirus has impacted all sectors of business, with healthcare and dental care in particular, being heavily influenced by the pandemic outbreak. 

To prevent the spread of the virus, dental practices have had to close and only provide emergency appointments or virtual consultations. Whilst appointments that involve procedures such as tooth whitening have been put on hold. 

Here’s a lowdown of how coronavirus is impacting how we look after our teeth and why dental practices are closing to mitigat

This is a transcription of our interview. You can watch the original interview here

Boris: Hello ladies and gentlemen and welcome to our interview with Jared Connors. Jared is a senior subject matter expert corporate social responsibility at Assent Compliance, which is the world’s leader in supply chain data management. Jared, thank you for taking your time coming to our interview today.

Jared: Thanks for having me, always a pleasure Boris.

Boris: Thank you, this is our second interview wi

This is a transcript of our interview with Giles Newman, Managing Director at Navex Global EMEA

You can watch the original video interview here

Boris: Hello ladies and gentlemen and welcome to our interview with Giles Newman. Giles is a managing director at Navex Global. Navex Global is the leader in integrated risk and compliance management solutions with over 14,000 customers around the world.

Giles, thank you for taking your time and coming to our virtual interview today.

Giles: My pleasur

Both risk management and Compliance help prevent threats to the company's legal structure and physical assets. Therefore, we have prepared this special content for you to check everything about the two methodologies and the advantages that the proper implementation confers on the business. Check out! 

What is risk management?  

First, it is important to conceptualize what risks are: internal and external effects that cause uncertainty and unpredictability in any business management process. When

Dear Global Risk Community member,

With today’s economy impacting so many businesses and consumers, collection volume will increase exponentially in the future, making it difficult for organizations to reach the optimal point of operation for their business and portfolio. Strategies that are created from gut instinct will only work for a short amount of time before becoming sub-optimal due to changing conditions. In order to address this, it’s important to balance regulations, costs, demand, an

Reducing the fragility of global Supply Chains in the event of disruption through natural or other disasters is a major concern for most senior executives.  This rings true more so now than ever, as the world grapples with COVID-19, the worst human health crisis in 100 years.

The strategies to enhance the effectiveness and readiness level of Supply Chains and to reduce risks associated with disruption come with a price.  These costs are critical to build Supply Chain Resilience across all industr

Supply Chains often get disrupted by calamities that are beyond human control.  Natural disasters, such as tsunamis and floods, in the last decade have drastically affected major businesses—from automobiles to technology, to travel, to shipments—and exposed critical weaknesses in Supply Chain mechanisms around the globe.  And, now, we are living through a global disruption of an unparalleled nature, COVID-19.

Organizations that rely on single-source suppliers, common parts, and centralized invent

This is a transcript of our interview with Evgeny Likhoded, CEO and founder of ClauseMatch. 

You can watch the original video interview here

Boris: Hello ladies and gentlemen, and welcome to our interview with Evgeny Likhoded. Evgeny is a CEO and founder of ClauseMatch which provides financial institutions with the modern compliance platform to transform the regulatory change management process.

Evgeny, can you tell me a short story about ClauseMatch and why there was a need for your solution?

Risk management is a policy that is part of several corporate processes. It allows businesses to have a more solid routine, in which the company avoids losses and problems in delivering results. With the digital transformation taking technology to several processes, risk management has also started to influence IT governance processes. 

This is because as IT becomes a means to provide higher quality services, it is essential that the company can integrate technological solutions into its day to d

This is a transcript of our interview with Jim Wetekamp, CEO at Riskonnect.

You can watch the original video interview here

Boris: Hello ladies and gentlemen, and welcome to our interview with Jim Wetekamp. Jim is a CEO at Riskonnect, Riskonnect is a global leader in integrated risk management technology and the world’s largest risk information and system provider. Jim, thank you for coming to our interview today. Could you please tell me a short story about Riskonnect?

Jim: Sure, I appreciat

Hospitals are considered places in society where patients can feel safe and looked after. This is why mitigating unnecessary risk is a high priority in healthcare organizations. Rules and regulations around risk in healthcare are constantly being updated and reviewed to ensure staff and patient safety.

As standard, there should be steps that healthcare risk managers should comply in ensuring that the surroundings around all areas are in sufficient condition. Here are some best practices that all

In the business environment there is not much scope for errors or problems that hinder the company's development and productivity, so financial management software is indispensable. 

In addition to automating your business processes and increasing the security of information storage, there are many other benefits that financial risk management software can offer to your company.  

10 benefits of financial risk management software 

1) Reduce your operating costs 

The purchase of financial management

I hope you're safe and healthy during these crisis times. 

We in GlobalRisk Community just compiled the best resources, posts and tools shared by our members on how to mitigate Risk for your business during a Pandemic.
We analyzed dozens of best practices, policies and procedures of both leading financial institutions and corporates and created this Resource Kit.   

When you download, you will learn:

• 5 components of creating a preparation strategy for your business;  
• How to establish a pandemic p

Risk management actions are important for all businesses, regardless of their size or segment. 

To understand this, just remember that, whatever the process in your daily life, the risks represent uncertainties regarding the results achieved. It may be the risk that the raw material will run out, that a machine or equipment will stop working, that a tool will fail, that productivity will fall, in short. 

As much as you use accurate data when making your projections, it is impossible to determine w

Keeping up-to-date with legal changes across multiple jurisdictions and international boundaries is a challenge for every business. This on-demand webinar explores how to keep track of only the regulations that matter to your business, and how to ensure individual sites remain compliant.

In this webinar, in partnership with IsoMetrix, you will learn:

• 7 steps to perfecting compliance management across a multi-jurisdictional environment
• How to link risk and consequence to site-

The risk management process is inherent in any project. When we develop a plan, we think about what can go wrong and devise ways to minimize problems. Therefore, the process itself needs to be simple and effective to avoid complexity as a risk enhancement factor. 

Although, described in this way, the risk management process may seem difficult to elaborate, it can be easily understood. Therefore, we will explain it focusing on the impact of new technologies on its execution. Thus, we will be able

With many employees forced to work from home, it’s likely you’re facing new compliance risks & information security challenges as hackers strive to take advantage of COVID-19.

To help you mitigate these risks and educate employees who are working remotely, SAI Global has prepared a free 20-minute training exercise focused on data privacy, theft of company assets, misuse of company time, inaccurate reporting, and fraud. Click here to get a sneak peek or download the training to share with your

The coronavirus outbreak is unlike anything we have ever experienced and is spreading at a rapid rate. Whilst nations scramble to regain control, business leaders are having to assess their ability to manage the threat it will have on their business assets, employees, supply chains, facilities and even their brand and image.

This situation is an urgent one, but it also highlights the importance of being prepared should an emergency or critical event occur, whilst also focusing on how people can b