Context
A company specialized in a niche field, expanding internationally into new semi-public markets, was facing growing concerns from its board of directors regarding the management of business risks, particularly those outside the technical aspects. The Board was looking for a solution to better understand the risks and opportunities associated with its commercial contracts.
Objectives
The company needed an assessment of the risks and opportunities associated with its contracts, but needed to avoid the excessive costs often associated with traditional audits. The aim was to provide the Board of Directors with a clear view of the key risks to facilitate strategic decision-making, while maintaining efficient management.
Solution
Schot llc proposed a pragmatic approach, carrying out an in-depth review of a contract of medium to high complexity, typical of the company’s business. Using the 80/20 method, we focused our analysis on the most critical points of the contract, ensuring sufficient risk coverage. Our expertise in business risk management enabled us to quickly identify major threats and hidden opportunities.
The analysis was carried out by an expert with cross-disciplinary knowledge of commercial and contractual risks, providing the Board of Directors with a clear and comprehensive view.
Results
- Reduced assessment costs compared to traditional audit methods, without compromising the quality of the analysis.
- Identification of the company’s main risks and opportunities, with an accurate and relevant overview for decision-makers.
- Rapid implementation of recommendations thanks to a concise, actionable report.
Conclusion
Schot llc’s innovative approach gave this fast-growing company a clear view of risks, while optimizing costs and efforts. This assessment has given the Board of Directors a renewed confidence in managing the business, while paving the way for new informed strategic decisions.
“Excellent work, very comprehensive, the recommendations are relevant and
above all useful, allowing for simple and concrete implementation.”