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Getting consistent positive results starts with a clear vision of the expected outcome. Even when the best plan is in place, the operating environment can shift, creating new challenges. This is where we come in.
We know firsthand every type of challenge associated with owning and running a business. We will listen, observe, and give you our honest assessment. We will serve you and your organization by presenting you with options and assisting you in making the best decisions. We are passionate about helping businesses win through our proven solutions to complex challenges.
Our investigators and consultants are a diverse team of professionals, most current and former entrepreneurs and C-level executives with expertise across multiple industries. Our real-world experience is our competitive advantage; our associates have built, grown, and worked in almost every sector and solved every possible issue.
Entrepreneurs are the backbone of our great nation!; However, according to Bureau of Labor Statistics data, approximately 20 percent of small businesses fail within the first year. By the end of the second year, 30 percent of companies will have fallen. By the end of the fifth year, about half will have failed. And by the end of the decade, only 30 percent of businesses will remain — a 70 percent failure rate. We can help you beat the odds.
Operational Analysis: Our quick analysis can identify potential pitfalls in your organization.
Fraud Examples of fraud in businesses include:
Waste is the loss or misuse of resources and goods that results from deficient practices, system controls, or decisions.
Theft is the act of taking something from someone unlawfully.
Abuse is the intentional, wrongful, or improper use of resources or misuse of position/job or authority that causes the loss or misuse of the business's resources.
Your organization must have a policy and a method by which an employee can anonymously report these incidents. We can manage and investigate any suspected fraud, waste, theft, or abuse through an anonymous tip phone line or email.
You should protect the identity of the person/entity making the report, if requested, to the extent allowed by law. You will not retaliate against any person/entity for making a report in good faith. TQM management is a structured, consistent, and continuous process applied across an entire organization that allows companies to understand better and address material risks. Corporate boards, insurance companies, rating agencies, and regulatory bodies are among the key drivers for advancing enterprise risk management. Implementing enterprise risk management can facilitate better capital resource allocation decisions, increase operational efficiency, and enhance a company's risk control efforts to support critical strategic, compliance, and governance initiatives. TNG Security advisors can help your organization apply an integrated approach to identifying and assessing business-critical risks, evaluating existing risk management infrastructure elements, and constructing continuous, in-depth enterprise risk management processes. Often, we find that internal fraud, waste, and abuse is one of the top reasons business fail.
Service Highlights
TNG Advisory specialists analyze risk from an integrated perspective, exploring risk relationships within your organization to create a more sophisticated understanding of your company's material risks. Whether your company is just beginning the risk management journey or has an established framework, we can assist you.
Who It's For
Any publicly traded or privately held organization:
What You Get
Identification, Assessment, Analysis, and Prioritization
When considering the steps necessary to implement an enterprise risk management framework, it is helpful first to identify and compare your organization's existing capabilities relative to what capabilities management would like to have in place. TNG advisors provide a current state assessment, a gap analysis against best practices, and a benchmarking report.
Risk Identification and Assessment
Risk identification and assessment is a critical framework component. We take a structured approach to assess risks specific to your organization. This includes collecting, identifying, categorizing, prioritizing, and mapping risks to align with your organization's business objectives and strategy. The result is a strategic organizational risk map.
Risk Analysis
Risk analysis enables you to understand better the impact risk has on your organization and business objectives. TNG takes a disciplined approach to understanding your current situation and developing tolerance thresholds, modeling risks, and their variance, analyzing the projected impact of mitigation strategies, assisting you in determining optimal capital allocation, and considering the upside of risk to your business.
Risk Evaluation
A systematic enterprise risk management approach calls for analyzing processes, mapping, managing, or exploiting them. Moreover, these options typically necessitate an implementation plan. TNG advisors evaluate risk solution options, including projected costs and benefits, identification of risk ownership, recommending tailored solutions appropriate to your business and objectives, and implementing risk mitigation strategies. IF needed, we will even work covertly in your organization to get a true sense of the situation and identify key weaknesses and bad hires.
Contact us to schedule a review of your organization's risk plan development.
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