East Coast Financial Management
The Services We Provide:
Our advisors help you with analysis of key figures and business management. The goal is a best one balance between risk and control.
It is inherently a business that operates in one competitive situation, must take the risk of achieving success. At the same time, it is important that the risk is properly controlled, and that laws and regulations are followed.
It is important that there is a balance between risk and control so that risks the business exposed to is an acceptable risk for owners, the board and management. Proper control is important to achieve long-term success.
It is very important that the most effective control routines are established. That ensures the risk does not occur and that is carried out at the least possible cost and inconvenience for organization.
There are many factors that affect whether the conditions mentioned above are sufficient space for your business. Here we mention how our approach as your finance manager usually will be:
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Gain insight into your strategy, business plan, organization and achieved results and those risks to which the business is exposed.
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Understand what risks are greatest and how the business controls today.
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These identify areas where risk and control appear to be in significant imbalance.
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Establish a plan, decide and implement it to improve balance.
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Assess the appropriateness of current control procedures, and possibly implement them more appropriate and effective procedures. This must also be seen in the context of it general reporting that can be established, so-called "high level controls" in many cases could be both more efficient and easier to perform than detail checks.
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Ensure that a good understanding and loyalty to control procedures is decided.
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Ensure that managers understand how to assess whether there is a balance between risk and risk control within their responsibilities and how they can establish such a balance.
Risk and Control