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 [...]
As promised we will soon follow our first entry on Segregation of Duties with a case study. But in light of the recent developments a quick guide on legal obligations for business owners may be in order first. With the spread of the #CoronaVirus (COVID-19) companies are obligated to look out for employee safety. We [...]
Segregation of Duties - What is that? Let’s suppose your company runs branch offices or subsidiaries in different locations or even countries around the world. With rising income and expenditure bills security concerns will rise as well. The need for risk management is then due to the widespread nature of the company. Sooner than later [...]
Now have a look at how you can manage to make mandatory SOX-guidelines help your company to profit rather than being hindered by them. Your best option for implementing these guidelines is to set up rules and methods for the verification of financially relevant transactions. That means to incorporate workflows that guarantee adhering to the four-eye-principle [...]
This weeks blog entry: a short introduction to SOX compliance before we continue working our way towards the next video. So: let’s suppose your company runs branch offices or subsidiaries in different locations or even countries around the world. With more and more local headquarters on the way business becomes increasingly complex. And accounting errors [...]
So now that we’ve established the basics of what supporting cloud systems actually do achieve for companies in terms of data management and compliance let’s get into deeper territory with our next few blog posts! How can Shared Service Models – understood as the result of business outsourcing processes - be implemented into in-house processes [...]
Now let’s talk about virtually the most important issue in terms of addressing topics like master data management and cloud migration – the reason why you should deal with the matter, so to say: regulatory compliance! The fulfilment of compliance requirements has long been more than just a chore. In fact measures implemented to meet [...]
Digital reformatting means converting analogue materials into a digital format. These digital copies can and do often serve as a surrogate for the original but it doesn't have to stop there. The digital surrogates perform a preservation function by reducing and more often than not eliminating the use of the original. With the help of [...]
A Shared Services Center combines the advantages of external service providers with the reliability of internal staff. The effects of an externally hosted cloud system being used by employees of a company can boost their economic statistics by a far. By implementing the MDM Enterprise Solution into in-house processes not only will compliance with international [...]
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