The right compliance automation solutions save time and resources both within IT and corporate-wide. Forest City is one company that did their homework, then took three basic steps when investing in IT automation: They 1) calculated the cost of the status quo, 2) estimated lost opportunity costs, and 3) projected cost savings. Here is how it paid off for them…and can for you.
Companies traditionally look to their IT professionals for implementing business efficiencies within automating functions, such as accounting, finance, purchasing, human resources, manufacturing and compliance. However, in today’s global, highly complex and competitive marketplace, IT is tasked to do much more. Executive management needs IT to execute strategic initiatives and drive innovation that will create differentiation and offer a competitive advantage. The question is: How can IT employees/teams have the time (and the budget) to recommend and implement solutions on top of their daily tasks?
There’s no doubt, IT is staffed with a lot of intelligent, innovative individuals. But the problem is that most IT organizations spend 50 percent or more of their time working on routine maintenance and non-value add operational tasks. And it is not uncommon for this to rise to 80 or 90 percent. Above all, IT professionals know they are hired to offer a higher level of support and problem solving.
Bottom line, compliance automation can fall by the wayside. What is not realized is that internal audit preparation is far more time-consuming and inefficient. The right compliance automation solutions save time and resources within IT and often corporate wide.
The right compliance automation solutions save time and resources both within IT and corporate-wide. Forest City is one company that did their homework, then took three basic steps when investing in IT automation: They 1) calculated the cost of the status quo, 2) estimated lost opportunity costs, and 3) projected cost savings. Here is how it paid off for them…and can for you...
As younger workers expect access to data, personal and otherwise, securing sensitive HR information is as much about protecting against curiosity as about preventing intrusions. Here are new strategies to address cultural factors and the many new online access options—including a new approach to augment and extend SAP® HCM capabilities to secure and prevent inappropriate access to HR information...
Access Controls Illustration
Intelligent management of access controls throughout an organization is a requirement of many external auditors. Having ineffective and often manual access controls in place results in system vulnerability and audit errors. In addition, lack of oversight can lead to loss of confidential information, data integrity and ability to maintaining proper authority of data. Better understand the process of how to:
- Establish steady state management of user access
- Identify key risks and the steps to remediate issues
- Define audit and compliance best practices to achieve continuous audit readiness
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ControlPanelGRC is a second-generation suite of modular, integrated Governance, Risk and Compliance (GRC) applications that address the major areas of compliance concern at every level.
Many enterprises have invested in first generation GRC software tools in the initial rush to comply with the 2002 Sarbanes Oxley legislations The initial focus was on sound Segregation of Duty (SoD) controls within the enterprise’s ERP financial system of record.
As a partner, you will be an extension of ControlPanelGRC. We are committed to helping you deliver our solutions to meet the depth and breadth of your clients’ compliance challenges. We provide our partners with access to business-critical tools and training, translating into increased value to your clients.
Red-flag Your Risks
We’ll run your data through our ControlPanelGRC Risk Analysis Engine...
Then we’ll deliver a report with more than 40 charts and graphs that identify your specific security risks.Download Now »
“We avoided adding a FTE to maintain compliance, equating an annual cost savings of $150,000.”