Risk management

Risk management revolves around three questions: which risks do I run as an entrepreneur, which risks am I prepared to take and which risks would I rather avoid? Doing business means taking risks. Risks need not just be threats: they can also create opportunities. An entrepreneur will understand that like no other. Newtone can help you gain insight into the risks you run, the risks you want to avoid and the steps you can take to that end, but also in your potential opportunities.

Newtone helps companies obtain a manageable overview of relevant risks and of the desired control measures pertaining to those risks. We do not see risk management as an end, but as a means to an end. We believe in involvement of people, responsibility and “ownership” of risks. If there is an understanding of the risks and willingness to deliberately accept particular risks, organisations will become more “predictable” and will be better able to act proactively rather than act purely reactively in response to threats. Our objective is process simplification, because we know how dangerous “paper tigers” can be.

Risk control

In a few transparent steps, we help organisations identify and control risks. Our approach is pragmatic and to the point. Together with the client, we carry out the risk analysis and assessment and take decisions on appropriate control measures. In this context, we look not only at the relevant use of the IT environment, but also at the “soft controls” within an organisation. It is important to achieve the control level that is appropriate for the company.

Creating support within the organisation is one of the pillars of Newtone’s approach. This process is not a “tick-box exercise” but fosters a collective feeling of “ownership”.

We provide a transparent picture of a framework setting out the risks, measures, owners and action plans. All this is based on and integrated into the organisation’s existing planning and control structure.

Strategic risk assessment

Internal and external risks are changing all the time. The key issues that were relevant a few years ago may now appear in a different light. Is there insight into the organisations’ current strategic risks and is it clear which risks the company is prepared to accept?

Risk management is not an end in itself
Newtone helps companies obtain a concise overview of the strategic risks and the key issues relevant in the next 3-5 years. This insight into the strategic risks will enable the organisation to identify the principal concerns and make the impact of these risks on the strategy and objectives clear to all involved.

Business continuity

Risks need not just be threats: they can also create opportunities. An entrepreneur will understand that like no other. Internal and external risks are changing all the time. However, there are risks which, if they materialise, may have such an impact as to jeopardise the company’s continuity. Is there insight into these continuity risks, and is it clear what measures are required? These include measures to reduce the risks, but also measures to guarantee an adequate response if an incident should nevertheless occur. All this will help ensure the continuity of the organisation.