Born out of the need to provide professional services to an emerging industry, we’ve combined the best of industry experience and non-cannabis experience to provide solutions across a range of client-specific needs.
Gain a competitive advantage and maximize enterprise-wide performance with innovative risk advisory services that align proper governance, risk management and compliance processes with business objectives.
Getting full value from proper governance, risk management and compliant operations requires enterprise-wide coordination of internal audit, controls, compliance, and reporting activities. With these systems aligned and supporting one another, an enterprise gains a multi-tiered structure focused on safeguarding finances while pursuing transformative growth.
ELLO provides governance, risk advisory and compliance services founded in a holistic view of an organization’s operational, financial, technological, and strategic processes. Our professionals bring technical expertise in each of these areas to every client engagement. With this comprehensive understanding we identify opportunities for risk and provide decisive, actionable solutions.
Risk advisory solutions that deliver value and security
Our goal, plain and simple, is to help our clients improve competitive advantage through optimized risk advisory solutions. Our collaborative approach positions ELLO’s multi-disciplinary professionals as an extension of the client team – rolling up our sleeves, embracing challenges, and implementing solutions that help organizations succeed.
Internal Audit & Compliance
By improving the effectiveness of controls, risk management, and governance practices, an organization can attain superior operational performance and be better prepared to manage enterprise risks. ELLO provides out-sourced, co-sourced, and consultation-based services designed to enhance the quality and effectiveness of internal audit processes.
Enterprise Risk Management Solutions
Proactive action to identify, mitigate, and limit opportunities for risk can have a transformational effect on business operations. ELLO’s experienced professionals utilize the COSO (“Committee of Sponsoring Organizations”) framework to assess the effectiveness of risk responses against operational, financial, and compliance risks; offer solutions to improve efficiency; work to align risk strategies with business goals; and ultimately design and implement enterprise risk management processes.
Vendor Contract Compliance
Business contracts are nuanced, complex and essential to business revenue and compliance concerns. The cannabis industry is plagued by bad actors, disorganized and/or experienced operators, and those that may otherwise adversely affect your business operations. ELLO offers comprehensive services to assess royalties, licensing, distribution, advertising, Intellectual Property, and other types of agreements. A detailed assessment can result in steps to recover lost revenue while maintaining beneficial relationships with clients and vendors.
Anti-Money Laundering Assessment & Compliance
Regulatory entities have enacted complex requirements to reduce graft and fraud, including the FINRA Rule 3310, Bank Secrecy Act (BSA), US PATRIOT Act, Gramm-Leach-Bliley Act, and Office of Foreign Assets Control (OFAC). ELLO’s experienced professionals offer guidance for navigating compliance requirements while also proactively reducing opportunities for fraud enterprise-wide.
Process Improvement & Internal Controls
Optimally designed and executed processes, aligned with strong internal controls, are essential to shareholder, public, and regulatory confidence. Whether your cannabis organization is planning to institute processes or optimize existing programs, ELLO’s experienced consultants provide readiness assessments, sustainability assessments, and documentation and testing services that deliver effective design, implementation, and compliance activities.