Business Excellence Awards 2020

16 Acquisition International - 2020 Business Excellence Awards ver the last three years, the expansion of PI has been quickly followed by a diversification of its services, which range from the provision of private security teams and security escort vessels, to intelligence reporting and logistic support for the oil and gas industry both on and offshore. Serving more than forty international clients, PI offers security solutions that are fit for those working the shipping, construction, and security industries. No matter the client or the job, PI ensures that the clients’ needs always remain at the forefront of the process. In every act of service, the firm does its utmost to assist whilst minimizing the impact to client operations. There is no space for improvisation; every operation is rigorously framed within the Quality Management System that increases efficiency, helps achieving consistent results, and improves customer satisfaction. Rather than believing in the traditional relationship between client and provider, PI looks at its providers and clients alike as partners, believing that those partnerships can bring long-lasting benefits to companies and their people. Human rapport is fundamental in creating an efficient working environment, and PI also concentrates on the financial stability of service providers, which a lack of can cause major disruption of service in certain circumstances. A feat of which the firm is most proud of would be the fact that it maintains a zero-debt policy with all its providers. Finally, in terms of the business strategy that PI employs, it has built its processes with the fact that decision making can be complex and time-consuming in mind. By focusing on these areas, the firm can allow for quick access to the necessary information to enable prompt decision making. Maritime risk consultancy has matured substantially over the last decade. Companies have developed, and processes have been refined to allow for a better optimization of the available resources. However, it could be argued that this was a forced shift given the drastic decline in rates for Indian Ocean security services, which is the core of the maritime security industry. Today, the downfall of prices has pushed many renowned security companies out of the market due to their debt-based business practices, leaving afloat only the most competitive and innovative companies, such as PI. In order to stay afloat in this industry, PI has stuck to its core foundations of success; curiosity, perseverance, a strong work ethic, and an ability to learn and improve from one own’s mistakes. Constantly pushing itself and excelling at what it does, PI has improved year upon year, and anchors this industry at times. However, that constant growth and success does not mean that life as a business in the maritime risk consultancy industry is free from Founded in 2017 with the aim of providing integrated security solutions for the shipping industry, Praesidium International (PI) is a private security and risk consultancy firm specializing in the provision of a wide array of solutions for land and sea environments. Thanks to its innovative business approach, PI has rapidly grown to become a leading figure in the industry across West Africa, particularly Nigeria. This innovation has also seen it secure success in this years’ Business Excellence Awards. We profiled the firm to find out more. Best Maritime Risk Consultancy Firm 2020 O challenges. Since the inception of the company, one of the major challenges has been the building of professional trust with both providers and clients. Operating in a fast-paced world that requires flexibility and adaptability in order to be competitive has also been a challenge, but one that PI continues to meet every day. Yet, given that it is a young security company managed by qualified individuals but lacking any military background, there is still reluctance from major stakeholders requiring land and maritime security solutions. When given the opportunity however, PI has proven the inaccuracy of that stigma time and time again. PI was formed with the aim of offering better integrated security solutions to the market. Today, it continues to examine legislation and apply its business model and strong work ethic to other fields, in both the security and logistics industries. The result is a firm that continues to be the best at what it does, providing security solutions and maritime risk consultancy services like no other firm. There are few better assurances for a client than a company that is recognized by State entity and legally operating under strict legislative terms that tackle all aspects of the organization. That is what PI offers; unparalleled security in more ways than one. Contact: Giuseppe Trizzino Website: www.praesidiumintl.com Constantly pushing itself and excelling at what it does, PI has improved year upon year, and anchors this industry at times.