MENLO PARK, Calif.
Oct. 9, 2013
/PRNewswire/ -- Protiviti (
), a global consulting firm, has received a "Positive" rating from Gartner, Inc. in the
MarketScope for Global Risk Management Consulting Services
. The report assesses risk management consulting capabilities in order to help organizations identify and evaluate the right consultants to support the development of their risk management and compliance programs. The evaluation also helps businesses select associated implementation services and technologies. Protiviti is one of only seven global consulting firms that Gartner evaluated in the report.
Gartner defines risk management consulting services as "the collection of expert-driven business and IT consulting services aimed at helping enterprises mitigate the impact of uncertainty on their business performance." According to the report, "While organizations can purchase risk management consulting services for a single focus area (such as to comply with the Sarbanes-Oxley Act), much of the current demand — to support business performance — is for holistic, integrated approaches to risk management." The report further states that "organizations may also look to reduce their compliance costs by pursuing a risk-based, multiregulatory approach that incorporates myriad government regulations, industry-specific rules and standards into a single cross-enterprise compliance program." The report notes that the organizations profiled in this Marketscope "are evolving their delivery models to better meet their clients' needs."
"The increasingly dynamic and complex nature of today's highly regulated business environment requires organizations to take an enterprise-wide view of risk," said
, executive vice president, global services, Protiviti. "We believe Protiviti's positive rating in Gartner's MarketScope for Global Risk Management Consulting Services reflects our ongoing success at helping clients navigate this environment and develop and maintain the comprehensive view of risk they need to align risk management with their core processes in order to improve long-term business performance. It's absolutely essential that organizations looking to select a risk management consultant assess a firm's expertise, their methodology for supporting client success, and their track record as opposed to focusing exclusively on their size and scale."
With respect to Protiviti's offerings in the risk management services consulting space, the firm partners with management, board members and outside counsel to help organizations improve the processes and information systems supporting governance, risk and compliance as well as comply with regulatory requirements and respond to situations of noncompliance. Protiviti helps clients take a disciplined approach to managing credit, market and operational risks through a combination of assessments, process improvement, and model review and validation. Protiviti helps organizations implement a practical approach to enterprise risk management that is integrated with existing management processes, and work with companies to design, implement and maintain effective capabilities to manage their most critical risks and address cultural and other organizational issues that can compromise those capabilities. Protiviti also helps with the evaluation of technology solutions for reliable monitoring and reporting.