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Risk Management

The objective and purpose of risk management is a minimal risk level with the highest possible avoidance of e.g. operational risks that could affect or interrupt operation. For instance the skimming of excess profits is a prominent risk in foreign trade. The complete turnover that was obtained by illegal export act is skimmed by the legal authorities. Also imprisonments of several years can be personnel consequences – aside from high image losses of the company.

 

The continuous task of avoiding damage consists of effective risk planning, control and monitoring in connection with taking internal preventative and reactive actions efficiently.

 

We support you in your individual risk management process with our consulting and implementation services. We have the know-how to build an overall solution with SAP solutions. The following table shows the classic risk management process in the industry with allocations to the appropriate SAP solutions: