New Operational Risk eBook Published by NEOS

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NEOS LLC offers inside look on how to find and manage operational risk.

Operational Risk eBook

We designed this eBook to provide companies with the opportunity to get ahead of their potential problems that are within their framework.

NEOS LLC released the first of a series of eBooks on a variety of business solutions for companies in the insurance, financial services and information media industries. The eBook “Operational Risk exists in every organization. Even yours.” addresses how to handle the concern of loss from internal business processes, people and technology.

Organizations accept that their internal resources are imperfect and that losses will arise from errors and ineffective operations. The size of the loss they are prepared to accept will determine their depth of operational risk. Depending upon the infraction caused by unknown risk, a company can suffer fines, loss of revenue, or reputational damage.

NEOS has authored an eBook to provide insight around operational risk, proving how business knowledge aids management in making tough decisions regarding risk. The eBook defines operational risk, shows the factors that should make you question your risk, categorizes where risk is found, and explains how an organization should begin addressing their risks.

“We designed this eBook to provide companies with the opportunity to get ahead of their potential problems that are within their framework. When you have large amounts of employees, processes and technology, it is easy for things to get inept. All pieces need to work together to control risk, which is where we come in, to point out where pieces have stopped working together,” said Dan Kohler, Senior Consultant at NEOS LLC.

“At NEOS we see processes as assets. By performing an objective review of operational risk, we are able to make sure that processes are working as assets instead of points of risk. We have been a part of the industry for so long; we have become very skilled at recognizing potential problems, working closely with our clients and identifying recommendations that will reduce the amount of risk quickly and cost effectively,” Carla Gregory, VP of Business Operations at NEOS LLC.

NEOS is a management consulting and technology services firm with unparalleled experience in holistic modernization, enterprise data and business operations consulting throughout the US, Europe, the Middle East and Asia. Clients range from large mid-cap companies to the Global 1000 segments including financial services, insurance and media. Services also include process, organizational and operational consulting, enterprise architecture strategies and design, reviews and planning, deployment and data analysis. NEOS is the parent company of Vgo Software that specializes in modernization analysis and conversions solutions.

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Ann Woods
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