Risk management is the analysis, identification and prioritization of risks in order to maximize opportunities and minimize the occurrence of untoward events. Efficient risk management is a precaution to eliminate or to minimize the damage caused by a risk. Transferring risks through insurance or financial products, contingency planning and crisis management are common practices. However with the changing business environment, escalation in the financial risks and globalization, risk management is gradually transforming into a senior management responsibility and is being given a more holistic treatment.

Payoda’s risk management solution includes

• Analyzing and identifying risks
• Aligning risk appetite and strategy
• Prioritizing risks and risk profiling
• Enhancing risk response
• Formulating contingency plans
• Improving deployment of capital

Risk is dynamic and subject to constant change, so the process includes continuous monitoring and consulting.

Payoda’s risk management solutions span across Enterprise, Operational and Financial risks.

Enterprise Risk Management

Enterprise Risk Management solutions are related to security planning, strategy and execution. Using this software, organizations can implement corrective, detective and preventive measures wherever necessary. Payoda focuses on enhancing existing risk mitigation controls or adding new ones, thereby reducing the level of risk faced by the organization.

Our Offering

• Investigate Recovery Strategies
• Verify the Status of Business Continuity Plan
• Integrated, comprehensive data management.
• User-friendly, self-service reporting.
• Identifying risks, measuring, mitigating and monitoring it
• Calculate your firm’s aggregate risk
• Determine your firm’s risk-based performance
• Reduce implementation time and expenses
• Improve business decisions by allowing risk analysts to access and communicate information when they need it, in the format and level of detail they require.

Operation Risk Management

The need to protect investors and the corporate brand has necessitated the need to re-prioritize the importance of operational risk management within organizations. Payoda’s operational risk management solution incorporates appropriate indicators to recognize and manage operational risk so as to mitigate the adverse impacts when something bad happens.

Our Offering

• Operational Risk Analysis and Risk Assessment:
• Control Design and Assessments
•  Loss Tracking and Key Risk Indicators (KRIs)
•  Issue Management and Remediation
•  Reports and Dashboards

Financial Risk Management

Financial risk management is used to control the exposure of the credit risk, interest rate risk or asset liability management and market risk. It focuses on how to hedge risks using the financial instruments.

Our Offering

• Credit Risk and Collection management
• Actuarial and financial modeling
• Balance sheet risk management
• Portfolio management
• Risk analytics

Payoda’s risk management solutions have helped our clientele with various benefits including support to strategic business planning, effective use of resources, Compliance reporting, Management company accounting, promoting continuous improvement, cash management, weekly/monthly financials, quick grasp of new opportunities, greater flexibility and reassuring stakeholders.

Risk management solutions also ensure compliance with laws and regulations and help avoid damage to reputation. It enables companies to react to environmental and organizational changes with adept ease and flexibility.