Category: Financial

When someone owns a small business, they may not give much thought or consideration to risk management. In fact, they may not think this even applies to their situation or business. Many of these owners don’t even know what risk management is.

The fact is, there are many large- and medium-sized companies that spend quite a bit of time on risk management, and it is embedded as part of their culture. This includes everything from defining the components of the risk and developing processes and frameworks on how they can manage, measure, and manage the risk. If a small business owner does not have any type of risk management in place, learn about why it’s something to consider here.

Easier to Find Projects in Trouble

With risk management in place, a company can see which projects need help or attention. Having the right risk management in place can help workers, managers, and executive level personnel understand the overall performance of any project and contribute to audits, peer reviews, and health checks when necessary.

Fewer Surprises

The majority of people, regardless of their position within the organization, don’t really like surprises. With a robust approach to risk management, teams will have better communication methods in place, which will ensure that issues can be discovered and handled in a timely manner. This will eliminate the unpleasant surprises that no risk management can cause.

Better Quality Data of Decision Making

Having access to more helpful and better-quality data enables company leaders to make better-informed decisions and have a better understanding of the reality of the projects going on. When risk information is available in real time, better management of a project is possible. This also means that decisions are made based on what’s going on right now.

If a business owner is ready … Read More ...

Kirk Chewning is one of Cane Bay’s partners and he and his team work tirelessly to provide the financial services their clients need when they need them. Those who are interested in learning more about the company and its partners should continue reading so they can be informed.

Introducing Mr. Chewning

Getting to know the partners at Cane Bay allows individuals to understand just how hard these professionals work to make sure the financial services they provide go above and beyond what their clients need. To understand Kirk’s focus, it is important to first take a look at his educational background.

Kirk started off with a Bachelor’s Degree in Finance, which he proudly earned from the Eli Broad College of Business which is a branch of Michigan State University. When he received his education, he knew his focus would be on giving back so that is what he set out to do.

Since his graduation, Kirk has volunteered countless hours of his personal time to teach classes on corporate skills to college students throughout the United States. It is his great pleasure to help younger generations foster a love of learning and guiding them into business careers that will help their futures to remain bright.

Services Offered By Cane Bay

Cane Bay Partners is committed to providing their customers with a wide array of financial services to help them protect their bottom line and ensure their operations continue without obstacles. The following are just some of the services Cane Bay Partners provides.

• Risk management services

• Service provider analysis

• Product development

• Portfolio management

• Collections modeling

They will help their clients identify risks so the right strategies can be put in place to mitigate these risks. Those who are interested in these services should visit the website to learn more. These services … Read More ...

The financial services industry is more competitive than ever, and some companies within it are not doing everything possible to keep up. Working with a consulting firm like Cane Bay Partners can allow a financial services business to improve its results and raise the bottom line. Consultants who understand the industry at a deep level are frequently able to help clients cut costs and increase profits.

Experienced Consultants Deliver Results That Benefit Financial Services Clients

Every type of business today can benefit from a focus on efficiency and the minimization of waste. This is just as true in industries where abstract figures and activities dominate physical materials and processes.

Financial services companies often end up wasting far more than they need to, sometimes without the problem even being recognized. Consultants who are ready to step in and put a stop to such issues can help with regard to common faults like:

• Excessive collections. Many financial services firms lend to consumers or other businesses. In almost every case, a certain level of delinquency will be expected and more or less unavoidable. Even so, quite a few financial services companies end up falling prey to too many borrowers who have no means or intention of paying what they owe. As soon as such an account is forced into collections, the costs associated with it will start adding up and detracting from its overall value. Consultants who are able to help their financial services clients lower their rates of collections contribute directly to the bottom line.

• Inaccurate debt modeling. Even the best-designed debt portfolio can succumb to drastic, unexpected developments in the broader market. Most financial services companies today make heavy use of modeling techniques that allow them to anticipate and describe the various outcomes that could impact their portfolios in the future.