Lean processes that operate effectively are key to the ongoing success of any organisation. An overhaul of Process Design, Operations, Controls and Governance can significantly reduce risk, improve efficiency and provide competitive advantage. Further, businesses that embed a culture of continuous self-assessment and remediation tend to grow stronger as a result.
X-CO’s consultants can integrate industry best practice across all levels of the organisation. In addition to embedding new workflows that utilise the existing strengths of a workforce, our experienced resources can train and upskill lagging functions.
X-CO resources are adept at using dedicated software packages to visualise a client’s various operations as ‘Process Maps’. This helps to identify and eliminate non-value adding activities in our client’s processes whilst revealing areas that require improvement or scaling up.
X-CO utilises a proprietary approach to Process Risk & Control capture called the Process Risk Identification & Scoring Matrix (PRISM). It concisely maps individual risks to process steps, considers mitigating controls and assesses the materiality of residual risks. Our consultants follow up with expert-based recommendations for remediation to bring our client’s risk exposure down to within appetite.
The end product of X-CO’s PRISM approach can be used to satisfy Audit and Regulators, whilst facilitating cost reduction, risk reduction and improved operational capacity.
