Enterprise Risk Management
We design the Enterprise Risk Management process to address risk and align the organization’s strategies, processes, technology, and knowledge with the purpose of improving its ability to evaluate and manage the uncertainties it faces as it creates value. Risk management in today business environment is an integral component of how organizations are governed and how they comply with the rules and regulations. Embedding risk management normal business operations of the business delivers the most benefits. We work with our clients to create an enterprise-wide risk management framework that meets the business’ needs and our Enterprise Risk Management approach includes:
- Perform an entity-wide risk assessment.
- Assess the current state of risk management.
- Identify management’s desired state of risk tolerance.
- Review any gaps in the current state vs. desired state.
- Design and Implement the desired Enterprise Risk Management program.
- Provide training to employees to operate the Enterprise Risk Management program.
Forensic Accounting
Our forensic accounting professionals assist in the investigation of financial and business related issues. Our professionals have extensive experience to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported. They also assist in legal proceedings, including testifying in court as an expert witness and preparing visual aids to support trial evidence.
Health Insurance Portability and Accountability Act (HIPAA) Compliance
We have a specific approach that ensures ongoing compliance with the Security Regulations of the Health Care Insurance Portability and Accountability Act of 1996 (HIPAA). We can assist you with the proactive design and implementation of a secure and controlled IT environment that confirms confidentiality, integrity, and availability of patient data and records as required by HIPAA standard.
The HIPAA standard requires that each healthcare provider, payer, or plan engaged in electronic maintenance or transmission of health information assess potential risks and vulnerabilities to the individual health data in its possession in electronic form, and develop, implement, and maintain and document current appropriate security measures to safeguard the integrity, confidentiality, and availability of its electronic data.
Business Process Improvements
Our experienced and qualified consultants objectively evaluate the existing business processes and manage and measure internal process improvement initiatives while ensuring the client’s internal business goals are met efficiently and effectively. Our business process improvement expertise includes:
- “AS IS” Process assessment
- New process design and implementation and recommend best practices
- Testing new business processes
We are also uniquely qualified to assist management in documenting, assessing, testing and maintaining its internal control system to satisfy respective compliance requirements. Our professionals have extensive experienced in business process evaluation and continuously recommend best practices and methodologies to improve business process continuously as the business continues to evolve and inevitable changes are needed.
Other Business Risk & Compliance capabilities
Business risks can either be industry specific or common to all industries such as financial reporting reliability, human resources availability and customer relationship and supply chain capacity. We have a proven track record of assisting companies with complex business risk and compliance issues.
Good governance practice and proactively managing risk is key to a successful company and achieving long term business benefits. SOAProjects solutions reflect a deep knowledge of the different industries and business transitions that create risk and offer a suite of strategic, outsourcing, and industry-focused operational services that help companies around the world evaluate and enhance their risk management functions. Our specialist help you identify, priorities, and manage risks while enhancing performance and eventually, business values in terms of customer loyalty, shareholder value, and brand identity. SOAProjects specializes in:
