ERM Exchange

ERM Exchange is a business advisory service provider committed to establishing and maintaining enterprise risk management programs in a focused, practical and cost-effective manner.
ERM Exchange provides practical solutions for business enterprises for both known and unanticipated risks and is dedicated to helping public, private, and non-profit institutions minimize their risks through processes that ensure the most efficient use of risk strategies. To create awareness and risk understanding across the enterprise, ERM Exchange assists management in clearly articulating high-level goals and objectives, allocating capital and other resources effectively and efficiently, communicating reliable operational and financial data, and maintaining compliance with the burdens of laws and regulations.
The concept of enterprise risk management, or ERM, has existed in business for almost two decades. ERM includes business strategy and risk alignment, mitigation, avoidance, acceptance, sharing, and transferring risk. ERM continues to be one of the biggest concerns for corporate boards of directors. In a recent nationwide survey, nearly 70% of the respondents indicated that their organizations were caught off guard "somewhat" to "extensively" by operational surprises over the past five years. ERM Exchange guides public, private, and non-profit institutions to successfully execute business strategies, and fulfill their board's fiduciary duty related to ERM through our risk assessment and mitigation services.

Services Offered :
1. Enterprise Risk Management: ERM Exchange facilitates management's effort to enhance their risk identification and response strategies to address threats to the organization. Starting with management, ERM Exchange helps the entire organization to preemptively identify issues before they become larger, more complicated problems and establish a practical risk culture. A multi-step approach is utilized including thorough interviews to identify risks and debate risk response needs, as well as promote self-assessment and awareness across the enterprise.
2. Business Risk Assessment - ERM Exchange performs business risk assessments to a variety of organizations. ERM Exchange reviews corporate documents, conducts interviews with management, surveys employees, and compares the enterprise to the industry peers. Assessments are provided of risks that are likely to have the greatest impact on the enterprise's success, as well as assistance to establish processes and programs to mitigate those risks.
3. ERM Refresh: For organizations with established ERM programs, the enterprise risk management refresh process revisits a company's strategy and goals, evaluates new risks, re-examines previously identified risks, and related risk response strategies. The ERM refresh process establishes a new "top 10" risk and response strategies list, which often results in re-organized risk teams within the enterprise.

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