Robbing Risk Management to Pay Receivables
Posted on July 21st, 2010 by Katina »Permalink
If you’re anything like us, you love to kick off a week with sobering, kind of depressing reading, right? Right?
Then this will be right up your alley. Courtesy of David Katz at CFO, you can wallow to your little heart’s desire in this grim exploration of the pretty questionable trend wherein companies looking to manage costs decide to save their pennies by cutting risk management spending. For serious.
So, yeah. On the heels of the worst financial crisis since our grandparents could do cartwheels, which we think most people would agree had roots in some colossal risk management failures, budgets need cutting, and saving on insurance and risk management suddenly seems like a good idea?
So. Here’s hoping that the just-passed financial reform does all it’s Supposed To (and not what it is Feared To), and that we won’t all come to regret not spending when we could on risk and insurance.
In the meantime, if you are utterly depressed reading this, first, good, because it means you’re paying attention. If you want some cheerier news, we refer you to the momentum behind solutions that can help companies to better understand and visualize risk, and to address weak points in their business before they create big expensive messes.
