Risks identified by Senwes: These are the major risks that have been identified by
Senwes:
• Increase in pricing by their funders
• Farmers purchase direct from suppliers - prices are cheaper and it is more
comfortable
• Competition from banks - rates are a problem
• Uncompetitive product offering by Hinterland
• Land reform and intervention by Government- missing opportunity
• Loyalty scheme – Senwes don’t have one while competitors have one in place
Risks identified by Silverstone Limited: These are additional risks that have been
identified by Silverstone Limited:
External risks
• The buying of the NWK debt book - Risk that their debt policies differ from that
of Senwes. There is a risk that NWK might lose clients, which …show more content…
Should the components be exposed to too much
heat and humidity, it can lead to the malfunctioning of the components, and
effective loss of integral data.
• Risk of theft of crucial components from the IT data centre, which will lead to
the loss of data, as well as potential unauthorised access to the data of the
credit department, depending on the type of component.
• Risk of no disaster recovery plan being in place in case of the event of a
disaster, which can lead to the loss of integral data relevant to the company
as a whole, including the credit department, which can even lead to
consequences as severe as the demise of the company.
• Risk of the disaster recovery plan not being widely available in case of a
disaster, as time might be crucial, and the plan might not be effective enough
should it not is implemented with immediate effect.
• Risk that no backups exist regarding crucial data regarding the IT department,
or that backups aren’t made of a timely basis, as crucial data relevant to the
credit department might be lost in case of the loss or corruption of …show more content…
• Ensure sufficient temperature control in the IT control room, in order to protect
electronic components from heat and humidity.
• Ensure that a sufficient backup recovery plan is in place, and readily available
in case of emergencies.
• Copies of the disaster recovery plan should be kept on another premises as
well
• Copies of backup data should be kept on another premise than the IT data
centre in order to avoid destruction of backups, in case of emergencies.
• Ensure that sufficient anti-virus applications are installed on all computers, as
well as the servers, in order to prevent any unauthorised access to the system
by third parties.
Response to risks with regard to the usage of SAP
• Proper reviewing of all data entered into the system, in order to ensure that all
data has been processed correctly
• Proper review of all submissions to SAP, in order to confirm that all
submissions are complete.
• Ensure that all employees are properly trained in order to understand SAP
and all it’s functions
Senwes’ risk management strategies
Response to external risks
A pre-requirement of getting financa from Senwes Credit, is to have sufficient
Senwes:
• Increase in pricing by their funders
• Farmers purchase direct from suppliers - prices are cheaper and it is more
comfortable
• Competition from banks - rates are a problem
• Uncompetitive product offering by Hinterland
• Land reform and intervention by Government- missing opportunity
• Loyalty scheme – Senwes don’t have one while competitors have one in place
Risks identified by Silverstone Limited: These are additional risks that have been
identified by Silverstone Limited:
External risks
• The buying of the NWK debt book - Risk that their debt policies differ from that
of Senwes. There is a risk that NWK might lose clients, which …show more content…
Should the components be exposed to too much
heat and humidity, it can lead to the malfunctioning of the components, and
effective loss of integral data.
• Risk of theft of crucial components from the IT data centre, which will lead to
the loss of data, as well as potential unauthorised access to the data of the
credit department, depending on the type of component.
• Risk of no disaster recovery plan being in place in case of the event of a
disaster, which can lead to the loss of integral data relevant to the company
as a whole, including the credit department, which can even lead to
consequences as severe as the demise of the company.
• Risk of the disaster recovery plan not being widely available in case of a
disaster, as time might be crucial, and the plan might not be effective enough
should it not is implemented with immediate effect.
• Risk that no backups exist regarding crucial data regarding the IT department,
or that backups aren’t made of a timely basis, as crucial data relevant to the
credit department might be lost in case of the loss or corruption of …show more content…
• Ensure sufficient temperature control in the IT control room, in order to protect
electronic components from heat and humidity.
• Ensure that a sufficient backup recovery plan is in place, and readily available
in case of emergencies.
• Copies of the disaster recovery plan should be kept on another premises as
well
• Copies of backup data should be kept on another premise than the IT data
centre in order to avoid destruction of backups, in case of emergencies.
• Ensure that sufficient anti-virus applications are installed on all computers, as
well as the servers, in order to prevent any unauthorised access to the system
by third parties.
Response to risks with regard to the usage of SAP
• Proper reviewing of all data entered into the system, in order to ensure that all
data has been processed correctly
• Proper review of all submissions to SAP, in order to confirm that all
submissions are complete.
• Ensure that all employees are properly trained in order to understand SAP
and all it’s functions
Senwes’ risk management strategies
Response to external risks
A pre-requirement of getting financa from Senwes Credit, is to have sufficient