Learn how today’s finance leaders can use data and clear vision to navigate risk.

1. Reimagining
Enterprise Risk
How Today’s Finance Leaders Can Use
Data and Clear Vision to Navigate Risk
THE 3 EMERGING RISK
MANAGEMENT HAZARDS
As Dun & Bradstreet’s Global Enterprise Risk survey revealed, the
navigational challenges on the path to successful risk management are
significant. Finance leaders must survey the perils carefully and prepare
with the right strategy and tools for their organization’s ascent.
Hazard
THE FOG-VEILED SUMMIT
The Risk and Strategy Disconnect
We do not use data to inform our risk strategy.
We use data in a limited way. It’s collected in silos but not integrated.
We collect data in silos but make an effort to share it upward and outward.
Our data is fully integrated but not leveraged to the fullest extent.
Our data is fully integrated and leveraged across the company.
Hazard
TREACHEROUS TERRAIN
The Use and Misuse of Data
Most enterprises are using data, but gaps exist in linking existing data to
process, strategy and behavior.
Misuse and misunderstanding of data can prove fatal in a technical and
challenging climb.
50%
of finance leaders report difficulty
sharing, linking and using data to
drive their risk strategies.
Over 50%
of data used in risk management
is siloed.
Hazard
THE PERILOUS FRONTIER
The Missing Relationship Links
Relationships—among data points, entities, people and teams—are the biggest
risk in risk management. Finance leaders need to use data holistically and in an
integrated manner to strengthen linkages between strategy and risk.
60%
of finance leaders
feel they don’t have
a good understanding
of their business risks.
Only 20%
agree that data is used
to identify the linkage
between risks.
BECOMING A MOUNTAINEER:
What’s Your Risk Profile?
Every finance guru needs a data-infused compass and an
analytics-drawn map to move their team in the right direction,
up the right mountain and with the right equipment to summit.
DISORIENTED DRIFTER
Uncertain of data
needs and quality
Unsure how to manage
risk with analytics
WANDERING WAYFARER
Data may be misleading
General sense of analytics and strategic direction
UNCERTAIN URBANITE
Data quality and flows are clean
Unsure how to use analytics to
move risk strategy forward
PREPARED PIONEER
Clean data flowing to the right places
Calibrated analytics
Navigates enterprise risk like a true Data Sherpa
REACHING THE SUMMIT
IN THE DATA AVALANCHE
Armed with the right data, the right strategy and the
right team, finance leaders have the potential to elevate
their organizations to the summit. Risk reimagined is
an opportunity for data-inspired leadership and growth.
Contact us to learn more about data-inspired risk management.
www.dnb.com
Enterprise risk is no longer a hill to climb; it’s a mountain.
Will you be ready to take your team to the summit?
DATA-CHALLENGED DATA-INSPIRED
65% of finance leaders
say there’s a missing link
between risk and strategy.
20%0% 40% 60% 80% 100%
Over 85% of finance leaders are not confident in the quality of the data they
use to make risk decisions.
20%0% 40% 60% 80% 100%
Wary Accepting Confident
How do you feel about the linkages among business risks?
How much do you trust the quality of the data being used to evaluate risk?
How does data inform your risk strategy?
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Data is used to identify the linkage
between risks.
Risk management is integrated across
different functions.
Risk management and performance
management are linked.
We have a good understanding of our
greatest business risks.
Risk mitigation is prioritized by
likelihood of occurrence.
Risk mitigation is prioritized by the
possible impact.
Disagree Neutral Agree
Source: The DNA of the CFO 2016 Study: Part 1, Ernst & Young
Risk management has never been more complex. Today’s financial leaders face
a risk landscape that can skyrocket corporate growth or slam brand reputations,
in a matter of seconds.
Static
Local
Manageable
Predictable
Dynamic
Global
Real-time
Future oriented
TRADITIONAL RISK MODERN RISK
58% of finance leaders say they need to build their
understanding of digital, smart technologies and
sophisticated data analytics.
DIGITAL
57% of group CFOs believe that the delivery
of data and advanced analytics will be a critical
capability for tomorrow’s finance function.
DATA
57% of finance leaders believe that risk management
will be a critical capability in the future.
RISK AND UNCERTAINTY
71% of finance leaders say they will increasingly be
responsible for the decision-making in support of
their organization’s purpose.
STAKEHOLDER SCRUTINY
AND REGULATION
FOUR FORCES DISRUPTING THE CFO ROLE
1
2
3
Dun & Bradstreet can help...
Advance the relationships with the most potential upside
Reduce the tension between risk and opportunity
Bring together disconnected data