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Discrete Manufacturing (ERP)
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
 

 risk avoidance


IT Project Risk Assessment
Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems

risk avoidance  Project Risk Assessment IT Project Risk Assessment J. Dowling - August 22, 2002 Introduction   Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems and other initiatives is essential to assure project success. We automate problems This department slogan was posted on my office door (the inside) for several months while I and other managers in the department struggled to break out of a string of

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Discrete Enterprise Resource Planning (Discrete ERP) RFI / RFP Template

Financials, Human Resources, Manufacturing Management, Inventory Management, Purchasing Management, Quality Management, Sales Management, Product Technology Get this template

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Discrete Manufacturing (ERP)
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...

Documents related to » risk avoidance

The Challenges of Defining and Managing Governance, Risk Management, and Compliance


A broader, more structured approach is needed to effectively manage governance, risk management, and compliance (GRC). Enterprises will then be better able to guide their people, standardize their processes, and unify technology to embed GRC at all organizational levels.

risk avoidance  balance the costs of risk avoidance against new business opportunities. They should also be able to alert management when high-impact and high-probability risks exceed company-specific thresholds, and to prioritize corrective action using role-based dashboards and alerts. … To Ensure Compliance at the End of the Day Last but not least, compliance entails the actual, tactical actions to mitigate risk. In other words, compliance is the execution of these objectives based on established risk tolerance for Read More

Options for Data Encryption: Making the Right Choice for the Enterprise


In this new era of corporate governance, risk avoidance, and responsibility, organizations are more than ever held accountable if their data is not properly protected. As such, many are finding new ways to address security risks, by developing multiple layers of defense to reduce points of weakness. Deploying data encryption technology is a good place to start—but the key is making the right choice.

risk avoidance  era of corporate governance, risk avoidance, and responsibility, organizations are more than ever held accountable if their data is not properly protected. As such, many are finding new ways to address security risks, by developing multiple layers of defense to reduce points of weakness. Deploying data encryption technology is a good place to start—but the key is making the right choice. Read More

Critical Business Functions: Misunderstood, Underutilized, and Undervalued Part One: Credit and A/R Management


The credit and collection function is the most misunderstood, underutilized, and undervalued area of business. When allied with the sales function, controlled A/R can generate a significant cash inflow playing a huge role in the prospect-to-cash cycle.

risk avoidance  (via performance measurements) that risk avoidance is the goal, it's surprising that any customer gets approved for credit. Avoiding the Wrong Message A substantial investment is made in getting customers to the point where they want to buy. It's such a waste to then look for reasons to reject the sale and to alienate the customer to the point where they may reject you in the future. There are three key factors that must be considered during the credit approval process. They need to be considered not Read More

Resilient Supply Chains: The Next Frontier


Advances in leaner and faster supply chains have, in many cases, come at the price of increased brittleness. It is time to make supply chains more resilient, and deal with risk more intelligently to maintain the gains from lean strategies, and take performance to the next level.

risk avoidance  Wiser use of limited risk management resources. Rapid response when things go wrong. Developing and monitoring early warning indicators and systems for disruptions of all sorts. Rapid response. Crisis avoidance or reduction. Market intelligence, forward-looking, predictive analytics Flexible, pre-emptive strategies. Proactive execution. Forecasting and Design Practices Range forecasts, consensus planning Better preparedness for upside and downside demand risks Design using common parts, SKU Read More

Enterprise Configuration Management for Risk Mitigation


Enterprise configuration management (ECM) is a process to capture data and dependencies about an information technology (IT) infrastructure and to create an audit trail of changes against that infrastructure. The ECM process manages the revision and status of all the digital assets in an IT infrastructure. This white paper by Chris Kincaid from Configuration Management, Inc. discusses the benefits of ECM for risk mitigation.

risk avoidance  Configuration Management for Risk Mitigation Enterprise configuration management (ECM) is a process to capture data and dependencies about an information technology (IT) infrastructure and to create an audit trail of changes against that infrastructure. The ECM process manages the revision and status of all the digital assets in an IT infrastructure. This white paper by Chris Kincaid from Configuration Management, Inc. discusses the benefits of ECM for risk mitigation. Read More

SAP Upgrades: Mitigating Risk to Maximize Value


The risks of enterprise resource planning (ERP) upgrades are clear. However, progress has been made, and this is especially true for SAP customers migrating to ECC 5.0. But what are the risks associated with SAP upgrades? And what are specific risk-mitigation approaches? SAP’s ASAP upgrade methodology can help answer these questions to maximize the value of an upgrade investment.

risk avoidance  Upgrades: Mitigating Risk to Maximize Value The risks of enterprise resource planning (ERP) upgrades are clear. However, progress has been made, and this is especially true for SAP customers migrating to ECC 5.0. But what are the risks associated with SAP upgrades? And what are specific risk-mitigation approaches? SAP’s ASAP upgrade methodology can help answer these questions to maximize the value of an upgrade investment. Read More

Mitigating Compliance Risk from Third Party Intermediaries


Compliance officers need steady nerves to manage the legal and compliance risks posed by third-party intermediaries. Regardless of how well respected the third-party organization, how well written the contract, or how well established the brand company’s in-house compliance program, compliance requires effective third-party risk management. Read this paper and know the 5 critical steps in managing third-party compliance risk.

risk avoidance  Compliance Risk from Third Party Intermediaries Compliance officers need steady nerves to manage the legal and compliance risks posed by third-party intermediaries. Regardless of how well respected the third-party organization, how well written the contract, or how well established the brand company’s in-house compliance program, compliance requires effective third-party risk management. Read this paper and know the 5 critical steps in managing third-party compliance risk. Read More

Strengthening Governance, Risk and Compliance in the Banking Industry


Banks have progressed farther than companies in many other industries in automating financial processes and have more to lose from inefficient processes, facing intensified regulatory compliance. Effective governance, risk, and compliance (GRC) initiatives can multiply efficiency advantages of more conservative automation efforts while providing accurate, timely insight into the entire financial picture of the enterprise.

risk avoidance  Governance, Risk and Compliance in the Banking Industry Banks have progressed farther than companies in many other industries in automating financial processes and have more to lose from inefficient processes, facing intensified regulatory compliance. Effective governance, risk, and compliance (GRC) initiatives can multiply efficiency advantages of more conservative automation efforts while providing accurate, timely insight into the entire financial picture of the enterprise. Read More

Successfully Managing Contract Risk


Contractors and subcontractors are both exposed to risk within a project. Thus, it is equally important to both parties that formalized risk management be carried out, not to eliminate project uncertainty, but to understand the potential impact of risk events and to plan risk responses.

risk avoidance  Managing Contract Risk Successfully Managing Contract Risk If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Oracle has acquired Primavera Software , Inc.Oracle's Primavera Risk Analysis is a full lifecycle risk analytics solution integrating cost and schedule risk management . Source : Pertmaster Resources Related to Successfully Managing Contract Risk : Risk Management (Wikipedia) Successfully Managing Contract Risk Risk Read More

Process-based Governance, Risk Management, and Compliance


The right balance of automated processes with paper records and manual, human interaction is necessary to keep costs under control with a flexible yet controlled set of procedures. The strategic software category, governance, risk management, and compliance, is poised to help.

risk avoidance  based Governance, Risk Management, and Compliance Originally Published - March 14, 2007 For the Last Time, It's All about Process! It is apparent that as global regulatory mandates multiply and become more stringent, manual approaches to control activities are inevitably becoming untenable. By embedding a rationalized set of automated controls into companies' cross-enterprise business processes, users can move away from resource-intensive, manual control activities to address critical business Read More

From Burden to Benefit: Making the Most of Regulatory Risk Management


The paradoxical view that regulation is both a blessing and a curse continues to be widely held among senior executives. While they recognize the need for protection in key areas, they are often frustrated by what they see as overly complex, unnecessary bureaucracy to achieve this goal. Find out how your company can meet increasingly difficult regulatory compliance challenges as it develops integrated business networks.

risk avoidance  the Most of Regulatory Risk Management Stakeholders are demanding effective governance, including enterprise risk management, transparency, accountability, and optimized performance. At the same time, globally integrated markets are imposing increasing volumes of regulations. Successful companies address these challenges by proactively managing performance across the enterprise with risk-balanced strategy management, and risk-based controls embedded in business process areas ranging from financial to Read More

IBM OpenPages Operational Risk Management


This video introduces the IBM OpenPages GRC Platform and, specifically, the Operational Risk Management module.

risk avoidance  OpenPages Operational Risk Management Read More

Managing Transaction Tax Audit Risk: How to Protect Precious Cash Flow by Proactively Addressing Audits


Even in the best economic times, businesses must be vigilant against unnecessary costs and risks. But not just businesses need to be vigilant—states and other tax authorities are feeling the same economic pinch, and are ready to seek out non-compliers with tax reporting. Get tips on how to survive sales and use tax audits, starting with understanding your exposure to audits and how to avoid them right from the start.

risk avoidance  who are at potential risk for underreporting and/or underpaying sales, use, corporate, and/or withholding taxes.”2 If you know what they are looking for, you can take steps to avoid being audited. But just what are the triggers? According to current and former auditors, here are the top ten issues that, when uncovered, will prompt an audit: Nexus but no registration. Nexus is a confluence of factors that make a business liable for sales and use tax payment and reporting. It is likely that you have Read More

Global Trade and the Role of Governance, Risk Management, and Compliance Software


The growing number of legal and regulatory requirements associated with global trading is one of many reasons enterprises are looking into global trade management applications, and into harnessing the up-and-coming, strategic software category of governance, risk management, and compliance.

risk avoidance  the Role of Governance, Risk Management, and Compliance Software To conduct business globally, logically companies need to comply with local laws, satisfy trade security measures, meet documentation requirements, understand complicated tariffs, and coordinate various parties. Handling these tasks manually increases the risk of failure, which can be costly when trading across borders. In fact, according to a United Nations (UN) study, the inefficient administration of customs processes accounts for 7 Read More