Here at the Risk Dashboard we come across new business risks and threats to an organisation every week; from developing threats in cyber-attacks to the growing staffing concern of insider fraud.
What is your mechanism to mitigate against these growing and evolving business concerns?
Is your head in the sand?
No one intentionally has their ‘head in the sand’, or takes the ‘it won’t happen to us’ approach, but do you take advice to work fast and act before your business is affected?
More importantly, and what we advise our users, is that if you can reduce your threats or vulnerabilities, that would be a positive start; and if you don’t, what could the likely cost be?
Costs for not addressing risks can be considerable, and can come from any area of your business. Most SME business owners are simply unaware; not because they are poor business managers, but because they are simply not expected to know everything that is a risk – how could they?
It’s important to know that there are resources like the Risk Dashboard available to help you reduce the impact, and mitigate against any costs or claims!
Where does the threat come from?
Risks to your business can come from your people, technology, customers and suppliers, and dare I say it – your competitors. So how can you expect to keep ahead of the threats, gaps, and vulnerabilities?
That’s where the Risk Dashboard comes to your assistance….
Our risk and compliance software has been designed to keep you up-to-date with current risks and gaps, and to alert you to evolving threats to your business.
We currently have available 19 modules (with more modules to come), with logic based questions such as;
• Health & Safety,
• Finance,
• Information Security,
• HR,
• The additional 15 modules you can find here.
The questions have been designed to highlight the potential vulnerabilities that you may be exposing to your business; wittingly or unwittingly – as I’ve already said ‘you cannot be expected to know everything’!
The questions in our modules are weighted against a number of specific business variables, and in the results area, we provide you with a benchmark against other businesses in your sector.
Applying Governance and Best Practice
Our Actions or Task section allows you to manage any potential risks that have been identified, and provides you with additional information surrounding the risk, but more importantly recommends actions to take to correct said risk.
We have even developed templates and downloads, so if you don’t’ have for example a ‘Health and Safety Policy’, you can download a blank template from our Resources section, complete and save the document, closing off an ‘open task’, whilst improving your compliance rating in the H&S module.
The benefits to your business are considerable, and what’s to stop you negotiating improved insurance premiums with your broker if you can demonstrate your approach to risk management and compliance?
If you would like to learn more, please get-in-touch, or better still ask your Accountant or Business Advisor for a licence.
You can visit our website, or contact Neil Campbell, Commercial Director on neil.campbell@riskdashboard.co.uk or info@riskdashboard.co.uk. We look forward to hearing from you.
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