Business Analytics is the branch of logic dealing with analysis. Business analytics is a term used for more sophisticated forms of business data analysis. Analytics closely resembles statistical analysis and data mining, but tends to be based on physics modeling involving extensive computation.
From its beginnings in the early 1990s to its present state, enterprise risk management (ERM) has experienced a significant transformation. Over the past three decades, ERM has evolved in response to a number of macroeconomic events, as well as multiple business and regulatory changes. We live in a new world that is now more volatile and uncertain than ever before. The speed of change and the velocity of risk have increased significantly.
Download this white paper from ERM pioneer James Lam to learn how organizations can successfully evolve their ERM function. You'll explore the history of ERM and how events have shaped the current function in organizations, the next phase in its evolution of performance-based continuous ERM, and its seven key attributes.
A basic business component, GRC strategy is implemented by all companies in some way shape or form, but it is not done well for many. Strategies need to be strong, structured, and integrated.
Download the findings of the 2016 OCEG's GRC Technology Strategy Survey report to see how your GRC system stacks up against your peers. You'll learn how organizations currently and plan to use GRC technology and what strategies for GRC technology use are being employed by industry leaders.
As the focus on internal controls moves into its second decade, it'd be easy to assume that most organizations have mastered their processes. However, with the adoption of the 2013 COSO Framework, increased requirements from the PCAOB, and board focus on risk and compliance processes, many internal control programs are undergoing major modifications in numerous areas.
Read this e-book to find out how and why companies have made the move to different platforms, including why companies need to focus on utilizing the most productive tools, several technology approaches used by organizations, and the merits of taking a fresh approach to technology to manage internal control processes.
How are some companies decreasing audit fees in the face of pressure to increase them? In this follow-up report to the 2015 Audit Fee Survey, Financial Executives Research Foundation interviewed several senior-level financial executives and audit partners. These interviews revealed best practices in mitigating increases in audit fees and how to work more efficiently and effectively with auditors.
Access this report to learn the reasons for increased audit fees and the impact of PCAOB inspections. You'll also discover how to review current audit focus areas, improve internal controls, automate processes, and review audit hours and fees.
Fraud can happen in any organization—big or small— even in yours. Read this e-book to learn how to identify risks in your organization. It details how and why fraud happens in many organizations, four steps to prevent and detect fraud through internal controls, and why properly designing controls is a crucial step.
If your company is engaged in international activities, it's critical that you assess and understand the risks of non-compliance with the Foreign Corrupt Practices Act (FCPA). To avoid becoming a costly statistic, you need to design your controls accordingly.
Download this white paper from experts Joseph Howell, Cofounder and Executive Vice President at Workiva, and Brent Macey, Director of Internal Audit for Schnitzer Steel Industries, Inc. They'll discuss the major components of the FCPA, and how companies can perform the risk assessment process in an efficient manner. They'll also provide a practical guide to implement internal controls for FCPA at an international level.
nsurance companies face ever-increasing levels of regulation amidst a complex environment of state, federal, and international oversight. And the pace is unlikely to slow—indeed, regulations are only expected to increase over time.
The first step to developing an effective strategy is to better understand the territory and how it may evolve. In this white paper, we discuss current regulatory requirements, expected changes coming down the pike, and potential threats in the years to come—along with how to stay on top of it all.
Teams that regularly produce large reports with many contributors and review cycles have no choice but to use spreadsheets, slide decks, and word processing documents. But these tools require significant manual effort to produce a final report. Here are 10 strategies that will improve the entire process.
Until very recently, reporting teams have had few worthy alternatives for collecting, presenting, and analyzing complex data.
Finance professionals have been asked to do more with dated software and provide valuable insights with antiquated processes. Advancements in desktop software and use of the cloud may have shifted a dated process from pencil and paper, but it has also left us with too many moving parts and too many unconnected documents.
As the landscape of business reporting continues to evolve, it is critical for organizations to keep a pulse on emerging opportunities to improve collaboration, increase productivity, and help them select the right solution for the job.
Information is the foundation of business analysis and strategy, and preserving the quality of information as it is gathered and shared is crucial to success.
Download this asset to see how at the Carneros Inn, their Hewlett Packard Enterprise IT infrastructure is the backbone to running business applications and guest infrastructure seamlessly, 24 hours a day and 7 days a week.
Sponsored by: HPE and Intel®
Download this asset to learn the volume and variety of data available today is creating new opportunities to improve your customers’ lives – from personalized recommendations to targeted advertising and intelligent services.
Sponsored by: HPE and Intel®
Download this asset to learn CRM and BI solutions can help you deliver insights to meet those expectations. They’re not just for the enterprise anymore – but to make the most of them, you’ll need plenty of compute power and scalable data storage.
Sponsored by: HPE and Intel®
Every company has aspirations to grow. Growth is exciting, yet it can also be challenging, especially for those companies that have already transitioned from small to mid-size. Operations are more complicated now and new paths to growth are riskier. The Enterprise Resource Planning (ERP) solution that got you to your current size may not be sufficient to power you through to the next level of growth.
As a small to mid-size business (SMB) you have some tough decisions to make in terms of how you invest for the future of your company. In the very beginning, businesses must invest in an operational foundation that will directly build the business. With limited capital it may seem necessary to forego investment in enterprise applications such as Enterprise Resource Planning (ERP), leaving you to struggle to control your business with some combination of spreadsheets, desktop solutions or disparate applications. Once past this initial start-up phase perhaps you continue to struggle or maybe you took the next step and invested in a low-cost solution with limited capabilities, thinking that was all you could afford. Or perhaps that next step was taken over a decade ago, leaving you with both limited capabilities and outdated technology.
EvoShield is an emerging leader in protective sporting apparel. Founded in 2007, the company has seen dramatic growth and has established partnerships with large retailers, as well as major professional sport leagues. The organization offers protective technology that is engineered to withstand high impact while remaining comfortable, lightweight, and flexible. Just as EvoShield innovates the products that it provides to customers, the company is constantly looking to improve the ways that the business is run.
For growing companies, success depends on the ability not only to proactively manage sales, operations, and financial performance but also to react and take advantage of changing customer, supplier, and business partner expectations and demands. But adopting industry-leading best practices is only part of the story. How do you unlock the true potential of your business?
Aberdeen’s research finds that 96% of Best-in-Class (the top 20% of performers) growing businesses have implemented an Enterprise Resource Planning (ERP) solution. These solutions are designed to help organizations of all sizes to face their challenges and provide a single business system to support visibility, efficiency, and decision-making. ERP is the key tool in business to make your life easier.
Business simplification is a strategic imperative for today’s companies if they wish to unlock innovation and position themselves for future success in an increasingly complex world. Yet, many corporations are not aligning their actions more effectively with their stated goals of simplifying business processes, decision-making and IT functions — and as such risk falling behind nimbler competitors, according to the “Simplifying the Future of Work Study,” a survey conducted by Knowledge@ Wharton and SAP
A medida que las capas de procesos, la toma de decisiones y los sistemas de TI crecen y generan una sobrecarga de complejidad, la simplificación del negocio es cada vez más un foco estratégico. Para entender el desafío, SAP y Knowledge@Wharton encuestaron a 692 líderes y miembros de equipos de todo el mundo acerca de sus puntos de vista sobre la simplificación del negocio hoy, y en el futuro.