Effective risk management provides the confidence to embrace uncertainty and pursue growth
During recent years, the significance of risk management has been further emphasized, and it requires organizations to be agile, knowledgeable, and forward-thinking. Deloitte Finland has initiated a strategic partnership with Inclus Ltd, aimed at enhancing risk management by encouraging greater involvement of personnel in organizations. Personnel inclusion helps develop risk management practices and tools, and facilitates a better understanding of risk management.
Risks have complex implications in a rapidly changing world
In recent times, the global situation has undergone an unprecedented transformation. The emergence of the pandemic, the conflict in Ukraine, the state of the world economy, and the energy crisis have demonstrated that risks can manifest rapidly. In order to maintain uninterrupted operations, organizations must possess the capability to anticipate and respond appropriately to potential threats.
Deloitte aims to assist its clients in achieving sustainable growth amidst the fast-paced and ever-changing world. For this journey, Deloitte has partnered with Inclus Ltd, whose tools complement Deloitte’s comprehensive risk management services. Through this collaboration, Deloitte has introduced a new service package called Risk Force, which integrates Deloitte’s global expertise in the field with Inclus’ cutting-edge technology.
”In organizations, risk management is part of the strategy and operations of each team, not just the risk management unit,” says Jouni Viljanen, Partner and Head of Operational Risk Management Services at Deloitte. ”While risks can have complex effects on an organisation’s operations, they can also be leveraged to support responsible business growth through the deliberate and controlled taking of risks. To facilitate risk identification and assessment, Inclus’ technology harnesses the collective knowledge of the entire organisation, encouraging teams and individuals in various roles to consider risks from multiple perspectives. The valuable data generated by this approach is then combined with Deloitte’s experienced risk professionals to assist with risk analysis, challenge management’s assumptions, and facilitate risk prioritization. This results in a comprehensive package to support management decision-making,” Viljanen continues.
”To facilitate risk identification and assessment, Inclus’ technology harnesses the collective knowledge of the entire organisation, encouraging teams and individuals in various roles to consider risks from multiple perspectives. The valuable data generated by this approach is then combined with Deloitte’s experienced risk professionals to assist with risk analysis, challenge management’s assumptions, and facilitate risk prioritization. This results in a comprehensive package to support management decision-making”
Jouni Viljanen, Partner at Deloitte Finland
Innovative technology for effective and inclusive risk management
Inclus Ltd has its origins in peace mediation, having been initially developed as a platform for negotiations and peace promotion processes between various countries and stakeholders by the Crisis Management Initiative (CMI) led by President Martti Ahtisaari. Its primary purpose was to foster mutual understanding and identify shared threats and uncertainties among parties involved in the mediation process. Inclus’ effective methods for risk management have since been successfully adapted to meet the demands of the corporate world.
”We offer a dynamic tool that promotes participatory and efficient risk management. By involving the personnel more broadly throughout the risk management process, uncertainties are better understood and more effective measures are obtained,” says Mikaeli Langinvainio, CEO of Inclus Ltd. ”By involving personnel at every stage of the risk management process, uncertainties can be comprehended better, leading to more effective measures. Our partnership with Deloitte marks a significant milestone in our growth journey and greatly facilitates our internationalization efforts. We are excited to collaborate with Deloitte and confident that their highly regarded risk management services, combined with our technology, will provide organizations with valuable benefits,” concludes Langinvainio.
More information
Mikaeli Langinvainio
CEO, Inclus Ltd
Jouni Viljanen
Partner, Deloitte Finland
