Indonesia has gone through a lot of disaster this past couple of years. Thousands of people and billion of rupiahs have gone during this catasthropic events. Most of the local businesses suffer tromendous impact. Some of them are bankrupt, some are still surviving, view of them not only are surviving but also have grown to be bigger and better business.

VedaPraxis can help you to perform thorough risk assessment and business impact analysis to develop rigorous planning how your business can be prepared to face such events, not only natural disaster but also other disaster aswell.

Some of our solution that may able to help you:

Develop risk management methodology aims to help companies create an integrated framework to identify, measure, mitigate and monitor all the key risks associated with that faced by IT companies.

Veda Praxis will help you to develop a risk management methodology, include identify, measure, mitigate and monitor all key risks.

Risk Assessment is required to be able to know the possibility of interference with the activities of important companies (critical) and their implications for business continuity company.

Veda praxis will help you to assist and improving opportunities and profitability by managing risk with a unique combination of information, advanced analytics and decision-making and monitoring.

Risk Process shows you all of the steps you need to take to implement Risk Management in your organization. By using this risk process to monitor and control risk, you can ensure you meet your team objectives. Within this risk process, all of the steps need to mitigate risk are described in detail.

Veda Praxis will help you to review the effectiveness of risk management process, such as Identify critical and non-critical risks, documented each risk in depth by completing Risk Forms, Log all risks and notify management of their severity, take action to reduce the likelihood of risks occurring and reduce the impact on your business, should risk eventuate.

Risk controls can be operated within organisations or imposed by external regulators. Controls can be applied at various stages in the development of risks and the realisation of harms they can operate formally or informally, by means of rules or through other mechanisms such as accountability and review. A variety of general regulatory methods can be used to control risks. These include command and control, self-regulation, incentives, franchising, contracting or licensing, disclosure, state actions, liability laws,insurance mechanisms.

Rules and guidelines that are designed to control risks may have little effect in some circumstances particularly where professionals are committed to the exercise of judgement and the application of discretion in relation to specific issues.

Veda Praxis will help you to assist risks are adequately identified, monitored and managed. As complying and accordance with regulation of risk management.

Every organization needs to have a sound internal control in place to keep the organization on course toward profitability goals and achievement of its mission, to minimize surprises along the way and to be able to realize its opportunities.

The importance of internal control has been further heightened by the increasing attention given to corporate governance, of which internal control is now considered to be vital element. Sound practices of internal control and risk management enable management to deal with rapidly changing economic and competitive environments, shifting customer demands and priorities, and restructuring for future growth. Internal controls and risk management promote efficiency, reduce risk of asset loss, and help ensure the reliability of financial statements.

Veda Praxis provide internal control advisory that will suit your company’s needs and framework, includes review and analysis of procedures and controls of a specific business process that allow management to identify key risks within their business to enable client’s management implement specific improvement to monitor and manage key business risks within each business process and improve business performance.