Make Risk Management and Advisory a key source to your firms’ revenue – part 2.

Jun 13, 2023

In part.2 of this two part blog we will look at how Risk Dashboard’s unique risk management software can be a useful tool for advisory growth for accountants.

Risk Dashboard’s unique software can help accountants identify and mitigate risks, which can help them provide better advice to their clients. Our unique software can also help accountants save time and money, which can free them up to focus on other tasks.

Here are some of the benefits of using Risk Dashboard’s software for advisory/accountants:

  • Improved risk identification and mitigation: Risk Dashboard’s software can help accountants identify and mitigate risks that their clients may face. This can help accountants provide better non-compliance advice to their clients and help them avoid potential problems.
  • Increased efficiency: Risk Dashboard’s software can help accountants/advisory save time and money by automating many of the tasks involved in risk management. This can free up accountants/advisory to focus on other tasks, such as providing business growth advice to clients.
  • Improved compliance: Risk Dashboard’s software can help accountants ensure that they are in compliance with statute and regulations. This can help protect accountants and clients their from fines and penalties.
  • Enhanced reporting: Risk Dashboard’s software can help accountants generate reports that show how they are managing risks. This can help accountants communicate with their clients and stakeholders about their risk management efforts.

Overall, risk Dashboard’s software can be a valuable tool for accountants/advisory who want to improve their advisory services. By using Risk Dashboard’s software, accountants can identify and mitigate risks, save time and money, improve compliance, and enhance reporting.

When choosing a risk management platform, accountants should consider the following factors:

  • The size and complexity of the organization: The software should be able to handle the size and complexity of the organization and its clients, handle multiple locations and users.
  • The specific risks that the organization faces: The software should be able to help the organization identify and mitigate the risks that it faces, and there are hundreds of potential risks.
  • The features that are important to the organization: The software should have the features that are important to the organization, such as risk assessment tools, risk management plans, risk reporting and impact assessments.
  • The cost of the software: The software should be affordable for the organization, if not as is the case with Risk Dashboard at the very least cost neutral.

Accountants/Advisory should also consider the following tips when using risk management software:

  • Use the software to identify and mitigate risks: The software should be used to identify and mitigate the risks that the organization faces.
  • Use the software to improve compliance: The software should be used to improve the organization’s compliance with statute and regulations.
  • Use the software to generate reports: The software should be used to generate reports that show how the organization is managing risks.
  • Keep the software up to date: The software should be kept up to date with the latest regulations and best practices.

Risk Dashboard is working with an ever growing number of advisors who are using Risk as a Service to develop growth internally and for clients.

If you would like to know more about how Risk Dashboard can grow your firm, please contact Neil Campbell, Commercial Director at Risk Dashboard on info@riskdashboard.co.uk

 

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