CrossOver
Tailor-Made Solutions for Effective Risk Management and Compliance

Crossover Consulting & Auditing is a standout firm in the realm of risk management and governance, renowned for its expertise in providing tailored solutions to clients. With a strong focus on governance, risk management, internal control, and internal audit services, including compliance and integrity, the company excels at delivering comprehensive and customized strategies to meet market needs.

One of the key challenges faced by organizations in Brazil, the primary target market for Crossover, is the ineffectiveness of existing risk management structures. Many of these organizations turn to it because their traditional risk management programs need to be updated or improved. Crossover's main challenge is addressing these shortcomings and providing solutions that align with each client's requirements.

“In today's business landscape, strategic alignment between mission, business targets and operational structure is crucial for business success. Our personalized risk management approach enables organizations to achieve optimal outcomes and safeguard operations while exploring growth opportunities,” says Eduardo Person Pardini, founder and principal director of Crossover Consulting & Auditing.

Crossover has developed a robust governance, risk management, and internal controls methodology. This methodology enables the company to comprehensively understand client risks and tailor solutions. By aligning risk factors with specific controls, Crossover helps them improve risk management while reducing the capital investment required. This approach simplifies and enhances their daily management responsibilities and further attests to their motto ‘Moving Corporations through Knowledge.’

The risk management process mentoring program offered by Crossover focuses on three key steps. It works on aligning an organization's mission, strategy, and operational structure. This alignment helps optimize capital investment to achieve strategic goals. The program assesses the client's current risk management practices, identifying weaknesses and offering actions to address them. This diagnostic approach provides valuable insights into their current practices and allows for targeted improvements. Crossover works closely with the management team, helping them develop new ways to identify and manage risks. Instead of simply delivering recommendations, Crossover educates and transfers knowledge, empowering clients to independently continue the risk management process.

Measuring client success is crucial for Crossover. The company primarily looks at how effectively employees embrace the implemented solutions. If they adopt and incorporate the new approaches into their daily activities, it is a strong indicator of success. Crossover monitors the interaction between the first line of management and second line of expertise, as it demonstrates an increased maturity in governance.

Ongoing feedback and follow-up allow Crossover to gauge the effectiveness of its services and ensure the client's internal controls are functioning correctly.

Crossover’s technology arm is always looking for partnerships that can offer tools that are simple and innovative, that helps in improving the process and in the effective of the risk management structure and the internal control system, an example is the Phrontex, a web application that helps manage corporate knowledge, policies, procedures, and documentation. Phrontex is a centralized repository for all necessary paperwork, making it easily accessible to management. This tool proves particularly useful for companies without integrated systems like SAP, providing them with a streamlined solution to efficiently manage and update documentation.

In today's business landscape, have an effective, structured and integrated risk management process is crucial for success. Our personalized risk management approach enables organizations to achieve optimal outcomes and safeguard operations while exploring growth opportunities

A success story worth mentioning is Crossover's collaboration with a public development bank during the early stages of the pandemic in Brazil. It improved the bank's risk management and internal controls through effective mapping and risk metric production. Implementing new processes and methodologies also resulted in cost savings for the bank. This success highlights Crossover's ability to deliver comprehensive solutions that enhance risk management while positively impacting a client's financial performance.

Crossover's competitive edge lies in its team of experienced professionals who have served in high-level positions such as CFO, CEO, and board members. This firsthand experience on both sides of the table enables the company to understand client needs from various perspectives. Its goal is to deliver unique solutions that address each client's requirements, ultimately helping them enhance corporate values and achieve their objectives. Crossover is expanding its operations to the U.S., aiming to bring its personalized risk management and compliance approach to organizations in the American market.