Leadership, Management & Functional Advisory
In a customer-centric world, it hardly makes sense to distinguish between back and front offices anymore. What you do in HR or procurement has a direct and decisive impact on the quality of the customer experience. Core business functions are evolving to exploit new technologies, embrace new operating models and foster new collaborations. So prepare your business for the future of work streamlining your support functions. Adjust your operating and service delivery models to become more agile and effective. Bringing strategic thinking and the hands-on skillsets to deliver on transformation, Bizz Solutions is distinctive in its ability to enact, rather than merely design or plan for enterprise-wide change.
Transformation is not about incremental change, it requires fundamental shifts in an organization’s value proposition, how they compete and their core operations. Transformation is rarely straightforward and can encounter significant organizational resistance. In today’s dynamic market, organizations must be willing to transform or risk irrelevance. Enterprise-wide transformation is driven by:
§ Disruptive external forces impacting both business and operating models
§ Unrealized synergies or significant inefficiencies within and between business units in the portfolio
§ Misalignment between stakeholder interests
§ The absence of a clear financial ambition.
Bizz Solutions helps organizations determine whether or not and to what extent transformation is genuinely required. The answer may be to innovate, refresh or accelerate along the company’s existing trajectory. However, it may instead require a step change or pivot in direction, which is where enterprise-wide transformation comes into its own. We can help you with the functional transformation that creates a connected business, with accelerated improvement, swifter speed to market and reliable, data-driven decision-making. Our team helps clients implement their corporate strategy and accomplish their business objectives. Using our deep sector and technical expertise, we transform our clients’ core business and operations, helping them to prepare for growth through redefining their portfolio, business, and operating model and transforming where they play and how they win.
Every organization faces ever-present risks from employee conduct, third parties, technology, data, business processes, and controls. An agile, well-defined approach can help meet core business needs while optimizing strategic flexibility. Tougher expectations by regulators and other stakeholders now mean that corporates and financial institutions should demonstrate better discipline, control, and responsibility. Failure to keep on top of and comply with existing and emerging regulation could jeopardize reputations and livelihoods. How robust is your governance, risk and compliance program?
Risk management is not the responsibility of a single department rather it should be embedded within the culture of the organization so that everyone is focused on managing and optimizing risk. It is the responsibility of everyone, from the chief executive down. Business leaders across the world must respond to environmental and social changes from population growth, urbanization and expanding wealth to resource scarcity, declining ecosystems, and climate change. If a company is to successfully manage the risks and opportunities of these changes and build a business that is sustainable in the long term, it needs to go on a journey.
Today’s business environment is fast-paced and rapidly changing. Innovations, technologies, and business models are reshaping what business means and how companies operate. As some companies work to manage risks associated with disruption, others look at these risks and ask, “How can we use these disruptions and turn them into opportunities?” Successful companies will understand how risks are evolving and can turn them into a competitive advantage. At Bizz Solutions, we can help you be a respondent to disruption and find opportunities in risk. While most companies focus on risk management to help them manage new and emerging risks, others are becoming more proactive in finding opportunities in risk.
Bizz Solutions helps organizations transform the ways they leverage people, third-party relationships, technology, data, business processes, and controls to manage operational risks and elevate business performance. Our sustainability practices help you build long-term value in a rapidly changing world. We work with organizations on that journey. Our sustainability professionals can support you from start to finish or at specific points on the journey where you need help the most.
A fast-changing global environment demands organizations have both financial stability and liquidity. The right outcomes depend on continuous rigor in governance, models, and processes across the finance function. The key is to establish a risk view that goes beyond the defensive and value preservation. This view of risk starts with a company’s ability to understand and identify signals of change for their company, their industry and the business world in general. When companies do not see change coming, it is difficult to respond and stay afloat. Nevertheless, when companies anticipate disruptive change, they can find ways to leverage it and take their business to the next level.
Companies should also be vigilant about risks presented by suppliers. A counterparty who defaults on a contract, or whose business collapses, can have serious financial and reputational ramifications for connected parties. Fraud risks can also increase when cash is tight. Some employees become more opportunistic — and external hackers more resourceful. They find security lax in areas of the business that used to be better resourced … and they strike. Are your systems and policies sufficiently robust to ward off the risk of fraud?
Financial risks have probably never been acuter. Capital reserves, credit portfolios, investment policies, capital, and debt profiles all demand constant scrutiny to adequately manage and mitigate risk. Past corporate failings have been attributed to lack of accountability, strategy, and transparency. Discover the various financial risk services we offer to help organizations across the full lifecycle of financial transactions. From governance and processes to technology and reporting, our services can enhance transparency, efficiency, compliance, and financial integrity.
Fraud risks can also increase when cash is tight. Some employees become more opportunistic — and external hackers more resourceful. They find security lax in areas of the business that used to be better resourced … and they strike. Are your systems and policies sufficiently robust to ward off the risk of fraud? At the same time, many companies are more likely to pursue litigation for losses that they would otherwise endure in times that are more prosperous. Disputes arise as they seek to apportion blame to other parties for inappropriate or negligent behavior that results in financial or business loss. Could you end up as instigator or defendant in a litigation case?
As a leader in forensic, Bizz Solutions can help you manage the risk and vulnerabilities that come from global corruption, fraud, and other threats. Improving business performance, turning risk and compliance into opportunities, developing strategies and enhancing value is at the core of what we do for leading organizations. With global scale and connectivity, we help our clients navigate complexity and build a better working environment.
With all these demands, internal audit is in many companies often elevated from pure compliance to a function that regularly reviews the risk profile for emerging risks and identifies trends as it keeps its finger on the pulse of business performance. The chief risk officer, meanwhile, becomes increasingly involved in strategic decision-making where the emphasis is as much on risk as it is on growth. Companies and other decision-makers use the information to navigate a complex world of risks and opportunities, amid technological advances that are unprecedented in their speed and impact. The world of information and trust is being revolutionized. What do companies and stakeholders need to consider securing their place in tomorrow’s world?
To access the right skills, in the right place, at the right time — Sourcing provides the flexibility to adapt to changing business needs and fortify your business. Being Passionate, collaborative, and committed to your business success, we work with you to learn all we can about your organization, understand your goals at the deepest level, and uncover unexpected opportunities. Bizz Solutions firms’ professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival. By delivering assurance on compliance with regulations and stakeholder demands, we help organizations lead with confidence, navigate risks and opportunities, and become disruptors. Using analytics and other innovative methods, we advise on critical business issues and help clients anticipate risk. We can help you understand and address today’s most critical financial and reporting issues.