March Newsletter 2017 – In this issue: +++ Enterprise Risk Management: From “Fact to Act”+++ What I Learned From the BP P2P Global Process Owner +++ SAP S/4HANA Strategy and Getting to the Facts +++ Strategy and Planning Necessary for Audit & Analytics Success +++ Webcast: Is Risk and Compliance Monitoring the Right Track for You?
Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. At one level, ERM is common sense. It is rapidly growing in popularity as a business strategy, but bold ambition often erodes to silo implementation for a specialist group, separated from day-to-day business reality. How can ERM better deliver the facts that management need to drive action?
Read our thoughts on the integrated approach here
With the progressive release of their HANA database stack to full blown S4/HANA, SAP is leading their customer base into new territory. There are many implications for world class finance including the business processes, technology, data management, integrations, and of course, implications around risk and control. There is, as always, a lot of hype and confusion, starting with HANA as database versus the new S/4 application components up to the premise of “just’ an upgrade” versus “starting all over again”.
In this Webinar we will try to untangle this Gordian knot by clarifying confusion, getting to the facts and suggesting the key questions that organizations should be asking in and for their own business on topics like strategy, processes, systems and infrastructure.
We will be joined by our guest speaker Shaun Snapp, a world renowned consultant, researcher, SAP Analyst and Author who will share his objective assessments of the road ahead.
For more details and registration click here
You’re thinking of investing in a better approach and supporting GRC tools for User Access Reviews, SoD testing, access management, ERP compliance, process analytics, continuous controls monitoring or risk management. Maybe you need a quick plaster for an audit comment or a more systemic response to demonstrating you have user access control, under control…
Maybe you have broader challenges in financial control monitoring, SOX testing, ERP assurance or control attestation, and are looking for a broader view of how to get business value from technology. Join us on 20th April where we will help you assess what are the key issues and capabilities required to meet your business goals. This is your chance to get a real understanding of how other organizations are creating a positive impact on their business’ risk and control standing.
For more information, and to register your attendance, please click here
Global Process Ownership (GPO) is the ‘role de jour’ of the transformational business. As in school, “everyone is talking about it, a few people are doing it, but no-one is doing it very well”. Purchase to Pay (P2P) represents the lowest hanging fruit for any organisation to drive value in hard cash terms. But it is not an easy road.
Mark Miles, former P2P Director at BP shares his experiences and insights and offer guidance for the S2P/P2P Journey.
For more information, please click here
Fewer than half of audit leaders in a recent IIA survey say they use data analytics extensively or occasionally in developing a department audit plan. A far greater percentage use data analytics for risk assessments in specific audit engagements or direct testing of internal controls.
Specific strategies and applications of data analytics help play a role in separating high-performing auditors from their lower-performing peers. The internal audit groups viewed as more valuable are finding more uses for data analytics while putting processes in place to adapt to ever-changing business conditions. Internal audit functions that regularly use data analytics can provide a greater degree of assurance.
For the full story, please click here