Risk Management Services

Strategic Risk Management for Growing Businesses

Growth creates new risks. Whether you’re expanding operations, adding technology, entering new markets, or managing regulatory requirements, even small issues can disrupt performance, profitability, and business continuity. With Mowery & Schoenfeld’s expert guidance, you can make the switch from reactive to proactive, finding and addressing financial, operational, compliance, and cybersecurity risks before they become expensive problems.

Our practical, business-focused Integrated Risk approach helps organizations build resilience, improve decision-making, and support sustainable growth. First, we take the time to understand your concerns, risk appetite, and goals. We then work with you to develop a customized solution that moves your organization from defensive to strategic, handles key risks, improves operational efficiency, and supports business continuity. Our risk management team serves as your advisor, partner, or fractional Chief Risk Officer (CRO), giving you expert guidance without the need for a full-time executive.

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Don’t Face Your Risks Alone. Let Our Risk Management Advisors Help.

Turn risks into practical solutions and protect your business without slowing down growth with our team by your side.

Internal Controls

Part of our job as CPAs is identifying and addressing any gaps in your controls. We then put together solutions that work for your business and industry.

Insurance Coverage

When accidents happen, there is nothing better than knowing you’re covered. But how do you know when you have the right coverage and that the cost makes sense? By learning about your company and your goals, our team helps you to find the perfect balance between the costs and benefits of insurance options. 

Cybersecurity

From the largest corporation to the smallest startup, business owners must protect confidential information and personal data. Our experienced risk management consultants will assess your IT infrastructure and show you how to address any vulnerabilities.

Laws and Regulations

Operating internationally or in a highly regulated industry can be complicated. We guide you through compliance requirements that apply to your business, from changing laws to employee benefit plan needs, and offer advisory support to help you stay prepared for future changes.

Our Approach to Risk Management

We take a comprehensive and systematic approach to protect your business from potential threats. We begin with a thorough analysis of internal and external factors that could damage your operations, financial stability, and reputation. Once risks are identified, we assess their potential impact and likelihood of happening.

After assessing the risks, we develop a tailored risk management plan with strategies to mitigate those risks and prepare your business to handle any challenge. We then assist in implementing the risk management plan, including putting in place the controls, policies, and procedures you need.

Risk management is an ongoing process that needs constant monitoring and guidance to adjust to changes and emerging risks. With this structured approach, we make sure that your business is not only prepared for current risks but also flexible enough to respond to new threats as they arise.

Industry-Specific Risk Intelligence

Every industry has its own risks, and we understand how those risks show up. As a top 150 Illinois CPA firm with a wide range of advisory services, we help businesses and private equity-backed companies deal with the top challenges affecting their industry.

  • Manufacturing and Distribution: Identifying and mitigating supply chain risks, including vendor failure and vendor management, along with inventory shrinkage and safety/OSHA compliance.
  • Construction: Addressing project risks, boosting project controls, and tackling cost overruns, subcontractor defaults, and liquidity risks from long payment cycles.
  • Private Equity: Assisting with portfolio risk management and helping ensure portfolio companies meet governance standards expected at exit or sale.
  • Technology/SaaS: Guiding how to implement data privacy and intellectual property protection.

Why Choose Mowery & Schoenfeld for Business Risk Management Services

When you work with Mowery & Schoenfeld, you get a business advisory team that understands how to protect what you’ve built while helping you plan for what’s next. We help you identify, assess, and manage risk in a way that fits your business, your industry, and your goals.

Our team brings together expertise across assurance, tax, business advisory, transaction advisory, cybersecurity, and employee benefit plan services. This broad perspective allows us to identify risks that may be overlooked when viewed through a single operational or financial lens. Our approach is practical, collaborative, and focused on giving you the right guidance to support long-term stability and growth.

Get Started with Risk Management Services from Mowery & Schoenfeld

Talk to an advisor today.