You are held responsible for your counterparties. Manage your risks proactively
Take on more risk in a smart way. Understanding risk in your counter parties is the key to taking more risk to drive more value.
Access risk assessments to understand answers to the following key questions:
- If a counter party was going to hurt you legally or reputationally, where is that likely to happen around your business?
- How can you get ahead of the risk and avoid it or significantly reduce the risk from happening?
- What steps can you take to minimize the effect of the risk happening?
With risk assessment projects conducted in over 20 countries, we identify risks in your counterparty relationships and how to take steps to start managing those risks. Get to know which countries and project scopes by contacting us.
Why The Red Flag Group?
Expertise. Access our expertise at identifying potential risks in your business. We know how to engage with the business to find the risks.
Practical. With our knowledge and expertise across 194 countries and 45 languages in-house, you can get help managing your risk assessment, identify key risk areas and plans on how to bridge the gap to manage them effectively.
Content. We focus on over 23 key risks areas that are relevant to your business and are common in your counter party relationships.
Focus. Risk assessments can quickly turn into form over substance if you are not careful. The key focus is to not get paralyzed by all the data and risks and really focus on the top five areas of risk in each functional area or region. This laser like focus allows us to help clients identify the most important areas on which to focus immediately and leave other less important areas for a later exercise. Ask us for a Risk Assessment here.
Substance. Focus on substance over form. We are not interested in running a bunch of checklists and forms for business managers to fill out to identify risk. Get expertise and a proven methodology.
Pricing. Get charge a fixed price with included travel and associated costs. There is no opportunity for scope creep. Get a quote today.
Why use an external provider for your risk assessment?
Access the scale to be onsite and to support you in challenging locations and in a large number of languages.
Get focus on business risks and counter party risks. Not only accounting or financial risks but risks that can affect the operation of your business and cause you actual business loss and reputational damage.
Get challenged about your process.
Gain insight into best practices in addressing risks.
Detailed direction and guidance is given on how to manage these risks.
How it works
We work with you to identify which countries, regions or vertical markets would benefit the most from a risk assessment project.
We help you host one or more 'Risk Roundtable' sessions depending on the number of jurisdictions you need to assess risk.
Our team are skilled interviewers. We know what questions to ask to elicit the information you need to identify and determine any potential risk.
The findings are documented and a risk assessment for each location and vertical market is conducted.
Get the analysis of the risks and where you should be focused.
Extend your risk assessment by conducting a cultural assessment or a learning programme effectiveness assessment.
An example: Identify channel compliance risks
Some common risk areas in the sales process include:
- Poor discounting and control abuses around discount levels and justification
Returned goods and faulty service records
Poor controls over channel partner selection and management
Sanctions and illegal sales to sanctioned customers
- Bribery and anti-corruption in sales deals with government or semi-governmental agencies
Export control and illegal sales of restricted products
Channel stuffing and revenue recognition issues
Licence management abuse