Managing Your Extended Enterprise: Insights and Solutions
In today’s interconnected world, organizations operate within a complex network of third-party relationships, both physical and virtual. The success of your business hinges on effectively managing this extended enterprise ecosystem. As this network grows and becomes increasingly intricate, MVG’s Extended Enterprise Management (EEM) Services are designed to help you navigate risks and adopt a strategic approach to third-party risk management.
Are you ready to enhance your management of third-party relationships and unlock new opportunities for growth? Let us guide you in optimizing your extended enterprise for maximum value.
Understanding the Business Challenge
The use of third parties is increasing at an annual rate of 15%, driven by several key factors:
Limited Internal Resources: Organizations are focusing on core capabilities and leveraging third-party services to drive revenue.
Growing Market Complexity: The rise of specialized business services and automated solutions offered by third parties.
Technological Advancements: Expansion of IoT, cloud computing, and other innovations.
Globalization: The need to establish a presence in diverse markets and geographies.
Resource Scaling: Augmenting resources to meet fluctuating consumer demands.
Despite these advancements, only 1% of organizations, according to MVG’s 2019 Extended Enterprise Risk Management (EERM) survey, consider their management of the extended enterprise to be "optimized."
MVG Risk & Financial Advisory: Comprehensive Solutions
MVG Risk & Financial Advisory offers a suite of services designed to mitigate risks, reduce financial leakage, and enhance performance across your extended enterprise ecosystem. Our transformative EEM programs have proven to improve bottom-line performance by 2 to 3 percent through our core service domains: Digital, Risk, and Financial. Our services cover a wide range of areas, including:
Strategy and Operations Management
Extended Enterprise Strategy Assessment: Evaluate and refine your strategy for managing the extended enterprise.
Performance Analytics and Visualization: Real-time reporting and dashboards on risk, performance, and costs.
Risk Management
Risk Management Program Design: Assess, develop, and implement a robust risk management program.
Risk Analytics and Visualization: Domain-specific risk intelligence and automated risk monitoring.
Third-Party Compliance and Assurance: Conduct due diligence, audits, and compliance checks.
Contract Management Program: Advanced contract analytics for regulatory compliance and optimization.
Cyber Risk Management: Implement solutions to address and mitigate cyber risks.
Financial Management
IT Asset Management: Design and manage Software Asset Management programs.
Third-Party Cost and Revenue Recovery: Advanced analytics and audits to recover financial leakage.
Regulatory Cost Recovery: Identify missed credits and refunds through historical tax reviews.
Extended Enterprise Managed Services
Managed Services: Includes due diligence, risk assessments, monitoring, and issue tracking.
Technology Enablement: Select, implement, and support technology solutions for end-to-end management.
Digital Platforms: Enhance operational performance with MVG’s technology solutions like TrueView.
Why Choose MVG?
At MVG Risk & Financial Advisory, we leverage our global expertise and extensive network to guide organizations through complex risk landscapes. Our team of seasoned professionals helps clients tackle strategic, reputation, financial, operational, cyber, and regulatory risks, ensuring they gain a competitive edge.
We support clients in embracing complexity, driving innovation, and achieving industry leadership. Our market-leading teams are dedicated to helping you navigate the challenges of today’s extended enterprise landscape and accelerate your performance.
For more information on how MVG can help you manage your extended enterprise effectively, email us at: info@mvgtrust.com.
Explore our expertise in the following areas:
Assurance & Internal Audit
Cyber Risk
Financial Risk, Transactions & Restructuring
Forensic
Regulatory and Operational Risk
Risk Intelligence
Let MVG Risk & Financial Advisory be your partner in transforming complexity into opportunity.
