Black & Veatch expands credit, capital and liquidity risk management service for energy, water clients
Black & Veatch announced that its management consulting division, Enterprise Management Solutions (EMS), has expanded its Enterprise Risk Management service to offer clients the capability to assess and manage corporate financial liquidity and capital adequacy...
OVERLAND PARK, KS, Dec. 3, 2008 -- Black & Veatch, a leading global engineering, consulting and construction company, announced that its management consulting division, Enterprise Management Solutions (EMS), has expanded its Enterprise Risk Management service to offer clients the capability to assess and manage corporate financial liquidity and capital adequacy.
The service offering: Credit, Capital and Liquidity Risk Management helps energy and water clients build predictive and preventive approaches for complete and continuous measurement, monitoring and governance of company liquidity, capital and credit exposures. The service provides:
• A balanced approach that is uniquely structured for each client's value chain
• Prioritized solutions to address immediate, short-term and long-term issues
• Meaningful and actionable risk metrics
• Root cause analysis
"The Credit, Capital and Liquidity Risk Management service offering will provide our clients an independent view of their capital liquidity requirements," said Rodger Smith, President of EMS. "This service goes beyond offerings from major accounting firms by leveraging the extensive engineering and technical expertise within Black & Veatch to connect to the physical attributes of the business where much of the liquidity risk resides."
Leveraging Black & Veatch's engineering, construction and process experience allows the enterprise risk management solutions group to integrate liquidity and capital requirements across its clients' corporations. The service covers physical assets, financial assets and contractual obligations, uses intuitive presentation and communications methods, and is compatible with a client's existing information technology infrastructure.
The service includes a complete analysis of corporate liquidity, strategic recommendations on credit exposure, evaluation of liquidity adequacy ratios under a variety of scenarios, and recommendations on governance policies and monitoring and mitigating methods to assure ongoing compliance.
"Ultimately, the service helps clients find the strategic balance between businesses' needs for liquidity and the fees associated with the size of the liquidity facilities required to support business needs," said Smith.
Based on the outcome from the liquidity adequacy analysis, the expanded service then addresses capital adequacy for the enterprise portfolio, risk strategy and business strategy relative to the current economic and financial conditions. The third and final stage of the process forecasts corporate liquidity needs and articulates policies and procedures that provide corporate executives the ability to mitigate any liquidity shortfall before it happens.
Black & Veatch is a leading global engineering, consulting and construction company specializing in infrastructure development in energy, water, telecommunications, management consulting, federal and environmental markets.
Enterprise Management Solutions (EMS) is the management consulting division of Black & Veatch, providing tailored strategic, process and technology solutions to deliver improved operations, cost savings, new revenue streams and greater customer loyalty.