InControl™ Risk Management Audit and Report Writer:
Safe business ownership requires a combination of offensive savvy and defensive strategy
Designed primarily for (but not exclusively to) accountants, the InControl™ risk management audit software delivers a comprehensive review of clients' risk exposures and related management across a wide spectrum of issues. Its focus is to ensure that client's know their risk exposures and are deploying appropriate and effective defensive strategies that will:
- Minimise the probability of a good many risks striking
- Contain risks where they occur
- Transfer the financial component of those risks to third parties
There are essentially four legs to an effective risk management strategy for SME and which the Risk Management audit software takes into account:
InControl™ completes a thorough top to bottom review that drills into all relevant aspects of the clients' situation to identify their risk exposures, needs and objectives and to build an effective strategy.
Using a form of artificial intelligence, the software completes a full needs analysis based on the situational and financial data entered and the client's responses to the various questions put to them in their interview, and in just a matter of moments creates a comprehensive client report providing clear, concise advice and direction to the client as to what they need to do to achieve their stated needs and objectives.
Process Flow
The Client Report
The client report produced by the software consists of three documents; the 'Agreed Action Planner' 'Risk Audit Findings and Recommendations' and 'Supplementary Financial Life Risks Report'.
All reports are highly comprehensive and given the width and depth of the review, perhaps a little larger than most will be familiar with. They contain a full and concise breakdown of the clients' requirements that serve both to equip the client to make fully informed decisions and protect the adviser by providing a significant and robust audit trail. There is a process to presenting the report that will keep adviser and client on track and that will be taught to all new licensees.