What can Crediblock help with, on Internal Controls?
Beat the Currency Headwinds
The term "Currency Headwinds" is a $1,000,000 word in order to justify an executive forgetting to hedge their currency risk. Why $1 Million? Because that's about what they paid a high end law firm to figure out a branding strategy so the CFO wouldn't get fired. Sometimes the losses from FX risks can be huge. And the strong dollar is bad for exporters,or companies who rely on foreign sales:
...the strengthening US dollar has the potential to hurt big American companies even more than a trade war. Execs have two words for it: “Currency headwinds.” The US Dollar Index, which measures the value of the greenback against a basket of other leading international currencies such as the euro, yen and British pound, has gained nearly 5% this year and is not far from its 52-week high. Why is the dollar so strong? Chalk it up to a healthy US economy – particularly as much of the rest of the world has weakened — and the Federal Reserve’s interest rate hikes. A country’s currency tends to go up in tandem with rates.
But how to beat the Currency Headwinds? It's easy if you know how. 50% of companies hedge their FX exposure. One year in the 1990's Intel Corporation made more profits from FX active hedging positions than they did selling processors. 
Stop fraud & overbilling
We have a cloud based tool that can prevent overbilling by contractors. It can also help monitor employees whether on-site or off-site. This technology has been used by companies like Google, Microsoft, and Governments both foreign and domestic.
There is a nominal per user monthly fee but calculating what it can save it is priceless. This could have literally stopped the multi-billion FX fraud. We'll work with your organization on implementation of this wonderful multi-tool.
Amazingly, more than 90% of security breaches come from an inside threat. That means, hackers penetrate corporate networks from an employee either with or without their knowledge. Using a cloud based tool we analyze your network and can terminate potential security gaps. The average employee has access to as many as 20 different I.T. systems that may include HR, finance, email, CRM, intranets, and many others. Cybersecurity is about high level secure design, not getting the most expensive firewall on the market. Internal teams are focused on I.T. design and efficiency and thus security is an afterthought. Our certified ethical hackers will look at the network from a security perspective and develop a plan accordingly. Financial firms are required to have Cybersecurity guidelines in the form of operations manual.
We can help with your Cybersecurity compliance - if you are not a regulated financial firm, using the guidelines provided by regulators are solid and stable guides for any type of organization.
Internal Optimization Audit & Analysis
This is typically the job of the I.T. manager, but it's always good to have an independent. We're going to look at your costs, operations, and optimize them. We're not going to tell you how to run your business - we're just going to check if you are wasting money, or if a vendor is bilking you for fees and doing nothing. Our combined backgrounds in law, technology, finance, and trading give us the experience and bandwidth to accomplish this successfully.