More than just providing a dashboard, we aim to bring clarity and access to more curated information to make better decisions. Key to organic growth in a business is the use of information in daily decision making.
We aim to provide an all-in-one risk and accounting platform for SMEs to measure and analyse their performance and risk both within and outside of their business
PRUDASH
Internal risk
Risk Taxonomy
There are a lot of different risk present to a business that will not only harm the financials, but relationships and reputation. Risk does not only include what is happening now, but the potential exposure the company might face in the short, medium and long-term.
External risk
We Go Above
and Beyond
Seamless integration
Integration of your business's accounting and financial systems onto our platform for a one stop center to understand your business
External Risk
External forces do play a huge role in your business, with us you can understand what is going on in the world that will affect your business.
Stress Testing
Be prepared for unexpected shocks to your business
Benchmark
Leveraging on our deep industrial knowledge and connection, understand how the rest of the peers are doing.
Environmental not only focuses on reducing green house gas emissions, but also focuses on physical risk. This is especially important for businesses that are drawing from natural resources of the world or has a large exposure to physical assets.
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We will be focusing more on the food and beverage industry and hence studying the effects of weather on crop yield, livestocks and shipping.
Redefining ESG
We don't define ESG as "doing good" or lowering the company's carbon emissions but rather on how weather or regulatory factors will impact the company's bottom line.
ESG risk is long-term and abstract for businesses. Our job here is to visualize the risk for businesses
Governance
Governance refers to how the company runs, it spreads out to both the financial and non-financial components of the business. Key to governance is having established process and systems as well as ensuring that the company is well diversified from any one source of risk.
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Country of Sale
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Customer
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Supplier and more
Environmental
Social
Refers to external human factors that influence the business, its reputation and ultimately sales. All businesses regardless of whether they are consumer facing have to do some brand building and our tool helps with that.
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Social factors also encompass structural societal changes be it in tastes, demographics or policies that might affect the brand.
Data collection
Models
Core
Using an integrated system from data collection to data visualization to uncover hidden risks present in your business.
Visualisation
Our Solution
Visualisation
Providing a modular and simple interface for you to customize the view you want to see that is relevant to your business.
Clear and risk-based visualization, leaving no room for interpretation. Easy to use without prior training.
Models
Data collection
Businesses can export their accounting data into our systems seamlessly.
We will have our proprietary systems and data through our own data collection as well as partnering with global partners for reliable information
Combine models, structured data, geospatial data and more to generate a holistic insights and understanding of your business.
Overall Material Risk Assessment Scoring
Our solution aims to give both in-depth risk materiality assessment and the overall materiality of these risk to the business.
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To calculate the overall material risk assessment scoring, we have adopted similar methodology as Thomson Reuters ESG Scoring model.
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Calculation of performance and risk indicators are done by customising flexible, pre-built templates with the metrics that best align to stakeholder priorities.
Specific Risk Score Calculation
Based on 5 by 5 risk matrix model, impact and probability of each risk will be given a score to determine materiality of each risk on the business.
Trend Analysis
Based on historical data of the risk. Based on the current materiality of the risk against the company historical material of the risk, a score will be given.
Basket weightage
To calculate the overall score, each specific risk will be assign a weightage in accordance to the relevance of each risk to the business size, sector and stake holders values. The driver is the number of measures that make up a category in comparison to all indicators used in the scoring. As a result categories that contain multiple issues will have higher weight than lighter categories.
Benchmarking
The company's risk scoring will be benchmarked to their assigned industry, with consideration to their size and revenue.
(Thomson Reuters ESG data - itemsweb.esade.edu (no date). Available at: https://itemsweb.esade.edu/biblioteca/bbdd/inbbdd/archivos/ESG_Research.pdf (Accessed: February 8, 2023).)
EASE OF INTEGRATION
Software creation of dashboard can be modelled after accounting system widely used by SMEs. By modelling the software in accordance to the system, it eases data extraction process for both SMEs and Prudential.
CONVENIENCE
SMEs value convenience. The dashboard should include a version where they are able to have a glance at for monitoring. One example would be integrating the dashboard into a phone app.
MODULAR SCALING
The profile of SMEs varies from one company to another and one industry to another. Depending on the scale and industry of the SMEs, the technical aspects of the dashboard can be scaled to fit their needs