There is an urgent requirement for a fresh and innovative approach to risk management within government structures to better manage risk and improve controls in discrete areas. Generally, the current solutions that have been put in place to comply with the existing requirements are costly, do not optimize value and are not holistic in nature. Very often, they are the ‘easiest’ option and do not address the specific risk areas that are unique to each area of local and national government.

Quintosys specialises in helping corporates and governmental chief financial officers (CFOs) and financial managers guide their agencies/departments to take a more holistic approach to risk management by performing an in-depth risk assessment utilising its proprietary ERAS©, Enterprise Risk Assessment System , and subsequently, based on the results thereof, formulating and implementing a tailor-made client specific IRQ© Enterprise Risk Management (ERM) system (IRQ© is Integrated Risk Intelligence).

This approach helps reduce the total cost of compliance, while helping government agencies achieve greater value from their risk management activities. Water-tight risk management gives national government the firm assurance that the department will achieve its strategic objectives.