Risk Management Challenges Today

Indian companies are today facing challenges they have never faced before. A multitude of regulatory changes, immense competition, black swan events, deep recession and so on. Taking on these challenges is the need of the hour. Companies are today looking to make a change in the fundamental ways of doing their business. One of these changes is to strengthen or introduce effective risk management

All companies need to be prepared to take on the emerging risks and challenges that cannot be well defined.

Challenges that companies face today

Introduction of GST, IFRS, and Direct Tax Code

A lot of regulations are set to change in the next few years. These are sweeping changes and companies need to be geared up with many internal and technological changes before things are done.

Redeployment of human capital across the organization

As companies are addressing cost cutting measures, there is a lot of internal movement to absorb excess manpower in sales and operational departments. But these movements come at a hidden cost. The cost of loss of knowledge in the old role and the time taken to gain experience in the new role.

Frauds are ever-increasing

Banking and manufacturing companies alike are faced with a challenge to combat internal and external frauds. With default rates increasing for the consumer segment, the credit card industry is taking a big hit as well.  Corporate governance has taken a toll with the Satyam fiasco.

Regulatory environment continues to be complex

Interpretation of complex regulations makes compliance to these regulations difficult. Future changes in regulations adds to the complexity and uncertainty. And companies are not prepared for this.

Uncertainty in the global and local markets

The financial and liquidity situation across the globe continues to be gloomy. Although recovery seems not far away, whether this recovery reverses all the negative impact and brings India Inc to the mid 2008 period is a question.

Finally, competition

We can never forget that competition is always a concern for any company at any point of the economic cycle.

We want to be part of your challenges and help you with some of the pain points. Connect with Risk professionals at Riskpro and we are sure that you will be able to navigate through these challenges.

Other Services of Interest

  • Celebrating 1 Year of GDPR - Webinars from Riskpro

    GDPR turns ONE on 25 May 2019. On this Anniversary, lets explore what the last 12 months meant for global companies as it relates to Data Protection and Privacy. Riskpro India has organised 6 GDPR...
  • Procurement Fraud - Riskpro can help

    If you suspect procurement fraud, do contact Riskpro India and we can help to unearth the suspicious activity. Following are some of the ways in which we can help. 1. Review of onboarding...
  • GDPR - Data Privacy Trainings - Six Webinar on GDPR Anniversary - Riskpro

    GDPR turns ONE on 25 May 2019. On this Anniversary, lets explore what the last 12 months meant for global companies as it relates to Data Protection and Privacy. Riskpro India has organised 6 GDPR...
  • HIPAA Awareness Training (Mandatory) - Riskpro India

    EVENT OVERVIEW: HIPAA stands for the Health Insurance Portability and Accountability Act and is a US regulation that deals with security measures for protecting patient’s medical records. Employees...
  • SEBI's Insider Trading Amendment - Free Webinar by Riskpro India

    Another important compliance topic that kicks off today. SEBI Amendment to Insider Trading Regulations. Join us for an hour to learn the important changes and how to deal with these. Register -...
  • Sox Training

    Our sox training covers the following points. 1. What is SOX? 2. The Act and its Sponsorors. 3. The background for bringing in this act. 4. Major Sections in the Act 5. Section 404 overview 6...
  • GDPR Countdown

    Riskpro is working hard so that clients can GDPR deadline as the clock ticks away.
  • EU-US Privacy Shield for Data Transfers

    Come GDPR (General Data Protection Act) and EU-US PRivacy shield will assume more importance. Privacy Shield Overview The Privacy Shield program, which is administered by the International Trade...
  • Reduce your GDPR implementation Costs - Hire GDPR Experts in India

    Reduce cost for GDPR Compliance - Remote Consulting from India GDPR readiness assessment and implementation can be costly. And time is short. Instead of paying premium fees to local GDPR consultants...
  • Go to top