Risk Analytics Services

Cherry Bekaert provides Risk Analytics Services. Learn how our Risk Advisory professionals can help your business with proactive risk management.

What Is Risk Analytics and How Is It Used in Risk Management?

Now more than ever, we operate in extraordinary uncertainty with the convergence of cyber risks, artificial intelligence, global economic shifts, and a robust technology transformation disrupting the business environment. Organizations cannot afford to reactively find solutions. To mitigate risks and anticipate potential exposure and loss, organizations need effective and timely ways to continuously monitor business operations and key risks through risk management analytics. With the right tools, organizations can proactively manage risks with improved precision and fewer resources. Well-designed risk analytics and automation help organizations increase risk coverage, drive down costs, and re-engineer risk management programs in a cost-effective manner.

Experiencing the Difference of Integrated Risk Analytics Data Science

Cherry Bekaert offers a risk analytics methodology using integrated technology tools to assess risk likelihood from business transactions. This approach provides visualization dashboards highlighting concerns and actions like monitoring and remediation, aligned with an organization’s risk appetite and tolerances in a three-phased process.

Data Integration and Curation

Data discovery and identification, sourcing and extraction, cleansing, mapping, and aggregation for sustainable data integrity.
Rules-Based Risk Identification and Processing

Apply targeted tests from our Risk Catalog and configure input parameters, such as tolerances, proxies, materiality amounts and assumptions.
Presentable Perspectives

Publish test results in dashboards and trigger downstream reporting and remediation workflows.

How We Can Help

Cherry Bekaert’s Risk Advisory Services practice is comprised of experienced professionals in the development, management and execution of risk management services, including operations, assessment, and control and process development. Our practice is focused on helping organizations implement advanced analytics and automation solutions designed to monitor risks and enhance the quality and speed of an organization’s decision-making effectively and efficiently.

Benefits of Our Unique Approach to Risk Analytics Consulting

We help organizations protect value, power performance, and build resilience using purpose-built risk management analytics solutions that can help transform business processes by:

Implementing risk assessment controls for prioritizing testing frequency and depth of monitoring.
Introducing monitorable controls with risk event flagging for remediation and escalations.
Establishing continuous monitoring capability built on structured processes, standardized rule sets, and integrated technology.
Utilizing results to assess new risks, re-assess existing risks, and/or improve existing controls.

Our risk and data analytics methodology helps mature risk governance by establishing continuous monitoring of day-to-day activities by:

Increasing audit effectiveness across the various risk domains, operational, financial, compliance and fraud.
Broadening audit coverage from sampling to all transactions.
Optimizing audit resourcing.

Featured Risk Analytics Insights

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Introducing data and analytics into your operations can be intimidating. Find out where to begin and how our Risk Advisory team can help.