Every company face different kinds of risks. A risk can for example be faced in the production due to machinery breakdown or other unforeseen happenings. Overall, business risks can be categorized into two levels; internal risks and external risks. The first contains risks arising from matters that takes place within the organization, such as the mentioned production factors, as well as an internal risks could be communication factors that leads to crisis communication. External risks on the other hand, concerns risks arising from events that takes place outside the company. An external risk can for example be happening within the business environment where changes in supply and demand change over time and thereby change the competitive scope and structure in an industry.
As a company, no matter in which industry you are working, it is important to achieve control and transparency with risks. Are these risks financial, you will find great help by using a financial risk management software.
With a portfolio risk management software you will be supported in your reporting of risk key ratios from several perspectives. This utilize highly flexible structures and ensure that you can perform consistently within internal, client and reporting. If you want to read more about risk management solutions, click here!