Enterprise applications must continually evolve to support ongoing business changes. Frequently companies reach a stage where their ERP applications have “functional capability” but do not efficiently support the business process and are not easily adaptable. The below method operates at the individual application level as well as the enterprise ecosystem level to help companies obtain […]
Tag Archives: Return On Investment
Navigation in the modern world of global enterprise is often an exercise in duality. While developments in the digital world open doors to value-growth for businesses, they also increase the strain on business leaders to maintain hard-won forward momentum. According to the 2022 PwC Pulse Survey[1], 60% of surveyed C-Level executives reported ‘Digital Transformation’ to […]
New areas of risk and new demands in reporting and stakeholder expectations, require the expertise of a modern internal audit team that evolves year over year. Businesses are responding to this challenge by adopting automation to streamline their workflows and build value. Consider these five elements as you evaluate the integration of automation into your […]
More and more modern businesses are seeing the benefit in deploying an integration of robotic process automation (RPA) into their organization’s internal audit plan. By embracing the age of automation, businesses can pocket substantial cost-savings and reap organizational benefits in finance departments of all sizes. In leveraging automation and advanced analytics, organizations can garner quality […]
Uncovering alleged fraud or suspicious financial activities within an organization’s financial statement audit is both a nightmare for many (catching management and governance sectors off guard) and a difficult reality for the auditor or auditing teams involved. Auditors define fraud, in the context of a financial audit, as “an intentional act by one or more […]
Mergers, acquisitions, and divestitures are full of opportunities to take advantage of complementary resources, discover new market opportunities, reinvent processes, and capitalize on excitement. Familiarize yourself with best practices to ensure your organization is getting the most value out of the deal. Having supported over $400 billion worth of merger, acquisitions and divestiture transactions with […]
Common data definitions that are aligned with business processes are what allow organizations to change as a result of mergers, acquisitions, divestitures, new regulatory requirements, and new market initiatives. It has probably been years since you have taken steps to reevaluate the future business requirements and ensure that you are able to move in new […]
Leadership: The leadership team must define the reason for change, a strategy, and set objectives. They must have a vision of what the change will lead to and what benefits will accrue. Employees and stakeholders must be engaged and motivated. This can be done by setting targets, measuring performance, and providing financial and non-financial rewards […]
Preparing for Tomorrow’s Market There are few constants in this world. The way in which a company does business is not one of them. Instead, companies must actively adapt to change within the marketplace; and, as the international landscape continues to grow smaller due to advances in technology, businesses realize the importance of operating on […]
Companies evolve. While everyone’s story is unique—growth from regional to national or international, mergers and acquisitions, diversification of business lines and product offerings, and disparate regulatory environments—many of these business and regulatory drivers lead companies to have disparate data and localized operations. Whatever the cause, these fragmented environments can inhibit business agility and stunt performance […]