Risk Management



services business

Organizations today are constantly challenged by complex risks and constant assessment of risks is necessary to effectively pursue risk mitigation strategies. Each year thousands of crores are lost by businesses nationwide to risk such as fraud, bad-debts, inventory thefts, etc., and a small business is especially vulnerable to fraud and less able to absorb a loss than a large business. In fact, it is not unusual for small business to be wiped out by fraud/bad-debt of a single person or organization.


Two key factors contribute to the large losses suffered by small companies, lack of basic accounting controls and a greater degree of misplaced trust. More often than not, it is the long-trusted person typically the small business' one person accounting department who is found to be the culprit. In other words, the person you least suspect is usually the biggest risk factor.


There's an old saying that's been long accepted in fraud prevention circles called the 10-10-80 rules: 10 percent of people will never steal no matter what, 10 percent of people will steal at any opportunity, and the other 80 percent of people will go either way depending on how they rationalize a particular opportunity. The good news is that there is that there is much a business can do to sway this 80 percent to their side.

Our Approach

To mitigate risks, improve internal controls and provide to management accurate and timely information relating to cash transactions, banking transaction, receivable/payable, inventory and fixed assets, Verve Financial provides Risk Management services for the company's management.

Verve's Risk Management Service uses the "STALL" framework, a combination of structuring internal control, Training personnel, Analyzing transactions, Learning and Adapting, and Listening, to eliminate risks, improve internal control and help management manage the business to its best.

Cash Risk Management

Most companies transact a significant amount in cash and therefore it is vital to continually monitor cash and proactively work to deter fraud.

s Cash is the most targeted asset by fraudsters and nearly 87.7% of all asset misappropriations involve cash.

Verve's Cash Risk Management service will use the "STALL" Framework and analyze all cash transactions continually throughout the year to improve internal controls, eliminate risks and improve profitability.

Banking Risk Management

Transacting with third parties introduces a new set of threats and opportunities to the company and requires proactive risk monitoring to ensure profitability.

Companies all over the world lose a significant amount of their profits to bad debts and penal fees due to poor receivables/payables management.

Verve's Receivables/Payables Risk Management Service will continually monitor the company's receivables/payables transactions to deter fraud, improve internal controls and optimize working capital management to boost profitability.

Receivables / Payables

Transacting with third parties introduces a new set of threats and opportunities to the company and requires proactive risk monitoring to ensure profitability. Companies all over the world lose a significant amount of their profits to bad debts and penal fees due to poor receivables/payables management.

Verve's Receivables/Payables Risk Management Service will continually monitor the company's receivables/payables transactions to deter fraud, improve internal controls and optimize working capital management to boost profitability.

Inventory Risk Management

Most companies hold a significant amount of their assets as inventory in a distributed way at multiple locations. The nature of inventory leads to unique threats such as shrinkage, theft, obsolesces and wastage.

Verve's Inventory Risk Management service has the capability to monitor inventory at multiple locations and provide to management inventory risk management reports continually throughout the year with key information such as inventory risk score, inventory level, inventory wastage, inventory theft, etc., to help management take key decisions relating to inventory with accurate and timely information.

Fixed Assets Risk Management

Continuous investment in fixed asset is often necessary to grow the revenue of a company and significant investment in fixed assets could lead to new challenges in managing and tracking the fixed assets.

Verve's Fixed Assets Risk Management service can help management keep track of the usage, condition and location of their fixed assets to manage the assets optimally.