Breakwater Accounting Advisors LLP.

Enterprise Risk Management

What is Enterprise Risk Management (ERM)? ERM informs, manages, and helps executives and boards make better decisions. ERM isn’t about avoiding risks – it’s about knowing which risks to take and how far you, or your team, should take them.

The concept of ERM has been around for a long time, yet it has not been widely adopted. Typically only found in large multi-billion dollar organizations, medium and smaller companies shy away from ERM because it is seen as being cumbersome and adding bureaucracy. It doesn’t need to be that way. Breakwater has extensive experience working with our client’s existing processes to ensure:

Your risk identification process goes to the right level of detail
Your organization is expending the optimal level of resources to address the risks that can be mitigated
You see the opportunities in your risks that will bring results to your bottom line

Other key outcomes of ERM are:

Comfort to executive and boards that something didn’t fall below the radar
An understanding by the management teams that report to you of the boundaries they must work within
A means to produce a scorecard to determine if your strategy/plans have been effective

It doesn’t need to be complicated.

Download our whitepaper “A practical approach to ERM” for more information