Let’s suppose your company runs branch offices or subsidiaries in different locations or even countries around the world. All those offices need to apply by different rules, which can be costly. But regulatory and business requirements do not contradict each other. In our last blog-entry we developed a model that greatly reduces the complexity of [...]
In our last entry “How to turn compliance requirements into business success” we developed a model that greatly reduces the complexity of the topic and allowed us to get a clear view on what is important when implementing compliance rules. We spoke of two different ways to use the model. The qualitative classification of processes [...]
According to the international "Whistleblowing Report 2019", German companies recorded the most compliance issues in 2019 in national comparison. There have been conformity problems in a good 43% of german companies, followed by British companies with 40%, French with 38% and Swiss companies with 35%. The statistics show: While Germany is better than ever when [...]
Regulatory and business requirements do not contradict each other. On the contrary: Both can be traced back to common objectives and intentions. Companies can use regulatory requirements as a starting point in order to realize synergy effects between the specified obligations and their own objectives. To simplify matters, we have developed a compliance model that [...]
An overview of all existing data in a big company can be difficult to maintain. In modern business environments, data warehouse systems are used to supply information on operating figures and their evolution. MDM Enterprise Analyzer acts as a data warehouse system for data quality. The tool calculates key figures of data quality, maps them [...]
Organising Material Master Data is no easy feat as you have learned in our last blog post. But put into strictly hierarchical fashion it is possible to create an effective digital infrastructure for all compliance data. This structure facilitates organization of material-related information and prevents redundant storage. Especially, when material is stored in more than one [...]
In a manufacturing business all individual branch offices procure and produce their own materials. Those materials are eventually kept in stock and recorded. With the digital Shared Services solution, a central repository of information on materials can be created. It contains descriptions and key data on all the materials that an enterprise has on record [...]
What exactly the Sarbanes-Oxley-Act, short SOX, is and how it is affecting corporate practice, we already covered in our blog entry on SOX compliance, which you can visit on this page. Now let’s take a closer look at the different fields of implementation and application. Your best option for implementing these mandatory guidelines is to [...]
In these times the risk of corporate fraud is higher than ever! The loss of actual human contact leads to compliance issues as well as more daring criminal activities! Scammers, aid abusers and fraudulent webshops are a danger to the government aid packages and therefore to your company. Educate yourself on how to maintain transparency and [...]
When deploying an application independently, the responsibility for implementing, converting and maintaining controls rests with the company itself. In a cloud-based deployment, cloud provider and customer share these responsibilities. In the current situation, this is more relevant than ever. The cloud service model used is decisive for the degree to which such responsibilities are transferred [...]
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