While you focus on your core offering, rely on RedKnot, as your Managed Services Provider (MSP) to help gain efficiency and reduce costs. These triggers may signal a greater need for evaluating whether leveraging Managed Services is right for your Organization:
- The pace and complexity of change exceed resource capacity levels.
- Significant change or investment is required to meet the demands.
- The time needed to develop what is needed internally is constraining short-term performance.
- Regulatory non-compliance or risk exposures are increasing.
- There’s an appetite to relinquish control to achieve organizational objectives.
- The needs, demands and requirements have outgrown legacy processes, systems and functions.
- Budget constraints restrict needed staffing and support.
RedKnot's Suite of Third-Party Risk Solutions Encompass:
Today, the vendor management function is governing and overseeing –
more vendor relationships, as niche providers emerge and specialize
more technically complex risks
more requirements for vendors to meet
…with less funding than ever before.
- Financial Services Internal Audit and Exam preparation
- Regulatory Exam Preparation (CFPB, SEC, etc.)
- Automated Clearing House (ACH) Audits
- Remote Deposit Capture Risk Assessment and Audits
- Wires Risk Assessment and Audits
For many business owners a transaction could be the right answer for growth or exit. Growth through acquisition could mean strategic entry into a new market, mitigating competitive risk or realizing economies of scale. Or it could simply mean cashing out hard-earned enterprise value for retirement. RedKnot has supported clients on both sides of the deal.
- Buy-side target identification, integration strategy and diligence management
- Sell-side preparation and marketing, and due diligence support throughout the transaction
Companies occasionally experience unexpected transition in senior leadership positions or as an organization. Redirecting the company or finding the right replacement is a process that takes time and the right talent. RedKnot can step into senior roles to bridge the gap.
- Supplemental leadership for mentoring and strategic training, including family succession support
- Interim management and support during candidate search process