RISK MANAGEMENT

Risk management is the identification, assessment, and control of perceivable and non-perceivable threats to an enterprise’s interests, revenue, and capital investments.

Digitally-enabled risk management is the process of digitally analyzing financial data, evaluating it, and monitoring the situation in order to control the situation. It allows enterprises to continuously identify risks, monitor, and control them in order to positively influence the enterprise’s financial performance, recover pending receivables, and take corrective and preventive actions in a timely manner.

Continuous monitoring of data related to different aspects of an enterprise’s security to raise flags in time and bringing it to the attention of the senior management and all concerned stakeholders over a digitally enabled platform comprises an early warning system for risk management.