RiskTrace FVRA
Financial risk modelling platform for central government departments
The Story
RiskTrace started with a clear problem: central government departments were modelling complex financial risks using spreadsheets. Not because spreadsheets are the right tool, but because bespoke software for this kind of work has traditionally been eye-wateringly expensive and slow to deliver.
The brief from the Cabinet Office was specific — build a platform that structures the risk assessment process, enforces consistency across departments, generates standardised reports, and maintains a full audit trail. The kind of thing that would normally be a six-figure procurement exercise taking months.
Instead, the entire platform was built and in production within two weeks. A small team, a fraction of the cost, same rigorous output. Government users went from wrestling with spreadsheets to structured, auditable risk analysis with automated reporting.
The platform now handles real financial risk assessments for central government. It saves hours of manual work per assessment cycle and thousands of pounds annually — while actually reducing the risk of errors that could have serious consequences for public finances.
Results
By the Numbers
2 weeks
From brief to production
Hours
Saved per assessment cycle
£000s
Saved per department annually
200+
Risk criteria modelled
Automated report generation
Audit
Full trail for compliance
The Outcome
A production risk modelling platform used by the Cabinet Office and other central government departments. Replaces hours of manual spreadsheet work with structured, auditable analysis — saving thousands of pounds per assessment cycle and dramatically reducing the risk of errors in critical financial decisions.
Want Something Like This?
Let's talk about your idea and what it would take to make it real.