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 success of an effective compliance strategy

Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

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Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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Process 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 order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today's leading ERP systems group all traditional company management functions (finance, sales, manufacturing, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While during the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-Business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Documents related to » success of an effective compliance strategy

10 Steps to Continuous Compliance: Putting in Place an Enterprise-wide Compliance Strategy


Understanding the full scope of risk in today’s complex business environment is a must for achieving compliance with governmental mandates and industry regulations. However, many companies have a limited perception of risk and struggle to make compliance an enterprise-wide, integrated process. Compliance is no longer a one-time isolated project; it’s an ongoing effort—and you’re just tens steps away from discovering why.

success of an effective compliance strategy  the compliance processes and success criteria Once you understand the requirements of a given regulation or mandate, determine the scope, configuration, and mechanism for collecting, alerting on, reporting on and retaining the data necessary to meet satisfy auditors. This step by step process allows you to define goals and key tasks for successful compliance. For example, when you determine the scope, your goal should be to identify all system components that are subject to a given regulation. Then you Read More

Project Management Office: Framework Strategy


IT initiatives driven within silos, where each department maintain its own project management office, inhibits the overall cohesiveness and effectiveness of corporate strategy. This document outlines best practices to centralize and deliver a scalable and robust project management framework strategy.

success of an effective compliance strategy  the project management key success factors found in the benchmarking study, Best Practices of Project Management Groups in Large Functional Organizations , produced for PMI by Frank Toney and Ray Powers. This best practices report is a compilation of summary data and conclusions from a one-year project that looked at the key success factors for managing projects within large functional organizations. It is imperative that this initiative achieves the following primary goals. Establish Alignment with Read More

ICICI-Infotech's North American Strategy for Success Part One: Company Background and Market Focus


You may not yet have heard of ICICI-Infotech or its ERP offering, ORION. Well, for some time the rest of the world has. ICICI-Infotech is starting to make its presence felt in North America and raise some ERP eyebrows. Read on as to why you may want to take a closer look at this vendor and its product. In this research note, you’ll also learn about the company's strategy to target small and medium-size enterprises in order to enlarge its footprint in North America.

success of an effective compliance strategy  North American Strategy for Success Part One: Company Background and Market Focus Introduction ICICI-Infotech has developed a well-earned and respected reputation in the Europe, Middle East, and Africa (EMEA) region of the world. Now it has set its sights squarely on the North American market. To reach this target, ICICI-Infotech has developed an intriguing strategy to attract new customers. This research note explores this strategy to assist you in determining whether ICICI-Infotech and its enterprise Read More

The Strategic CFO: Success Secrets of High-performing Finance Teams


Finance executives must meet a growing number of challenges if their companies are to continue being profitable. So how can they deliver strong performance in every aspect of their businesses? The answer: by deploying a corporate financial management system that expands the capabilities of their core activities—a system that extends its reach to automate other processes within the enterprise.

success of an effective compliance strategy  Strategic CFO: Success Secrets of High-performing Finance Teams Infor is the world''s third largest business software company. We develop and acquire proven software products that have rich, built-in functionality. Then we make them better. In order to address objectives around both core and strategic financials, CFOs should look to Corporate Finance Management (CFM). CFM is an integrated approach that combines flexible transaction processing and other core applications with the real-time reporting, Read More

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.

success of an effective compliance strategy  deployment of GRC applications. Success with this approach should help pave the way and drive the value of a comprehensive GRC strategy. Following this, it should provide a reusable and sustainable model for controlling and addressing future GRC areas. Some potential benefits of a comprehensive GRC approach might include better protected brand and reputation; optimized risk-and-return portfolios (owing to transparency and insight for selecting and rejecting projects based on risk impact and probability Read More

The Future of Talent Management: Underlying Drivers of Change


The next generation of talent management practices and solutions will largely be driven by economic evolution, demographic changes, and technology advancements. These factors are dramatically influencing the way people work, the way companies are organized, and the way talent is managed. This paper explores how current business and talent management processes and technology must evolve in order to effectively deliver business value in the next 5 to 10 years.

success of an effective compliance strategy  Future of Talent Management: Underlying Drivers of Change The next generation of talent management practices and solutions will largely be driven by economic evolution, demographic changes, and technology advancements. These factors are dramatically influencing the way people work, the way companies are organized, and the way talent is managed. This paper explores how current business and talent management processes and technology must evolve in order to effectively deliver business value in the next 5 Read More

Making Strategy Real


How can management communicate the organization’s strategy effectively and assure that the entire organization has bought into it and is aligned with it? Business performance optimization systems are an important tool for success. By using business performance optimization systems, employees are empowered to confidently make timely, strategically-aligned decisions based upon facts, not intuition or corporate politics. See how.

success of an effective compliance strategy  an important tool for success. By using business performance optimization systems, employees are empowered to confidently make timely, strategically-aligned decisions based upon facts, not intuition or corporate politics. See how. Read More

Audit Your Message Strategy by Answering Three Questions


Most companies create a new marketing plan every 12 months. At the same time, they should audit their message strategy to stay on top of competitors’ marketing and to have confidence that they are delivering the right message to their market.

success of an effective compliance strategy  strategy. The key to successful positioning is to consistently execute your message strategy in all your marketing communications, and then repeat it, over and over. Check for consistency by first evaluating advertisements, then your web site, and finally, press releases. The primary benefit should stand out in each medium. There are many reasons for inconsistent message strategy delivery. The audit identifies the causes and recommends ways to deliver your message more consistently. One outcome of the Read More

Best-of-Breed Versus Complete CAD-PLM Suites: The Debate Rages On


The PLM world is currently witness to fervent debate on the most appropriate type of PLM/CAD software. Best-of-breed solutions offer the needed capabilities and hence integrate the necessary software modules as per the customer’s needs, whereas all-in-one CAD/PLM suites attempt a “one size fits all” approach. In his report, TEC principal analyst P.J. Jakovljevic provides his view on the intricacies of these two approaches.

success of an effective compliance strategy  of-Breed Versus Complete CAD-PLM Suites: The Debate Rages On The PLM world is currently witness to fervent debate on the most appropriate type of PLM/CAD software. Best-of-breed solutions offer the needed capabilities and hence integrate the necessary software modules as per the customer’s needs, whereas all-in-one CAD/PLM suites attempt a “one size fits all” approach. In his report, TEC principal analyst P.J. Jakovljevic provides his view on the intricacies of these two approaches. Read More

RFID Architecture Strategy


Early adopters of radio frequency identification (RFID) are beginning to look at enterprise scale solution design and integration are emerging as key focus areas. Infosys has designed an optimal RFID architecture strategy based on lessons learnt from early adopters and Infosys experience in providing real time control and data acquisition solutions in the telecom and process control industries.

success of an effective compliance strategy  focus areas. Key to success in both of them is the architecture for integrating data from the RFID hardware layer with a multitude of Enterprise Systems. A Large Enterprise piloting RFID in multiple global sites is recognizing the limitations of a traditional Enterprise scale Application Server in performing RFID Middleware functions. A European Specialty Retailer seeking to adopt RFID is grappling with the cost of ownership implications of Point Solutions for RFID integration. Both of these Enterprises Read More

Infor’s Acquisition of PeopleAnswers Foregrounds Big Data Behavioral Analysis of Employees


Infor has announced the acquisition of PeopleAnswers, a company specializing in predictive talent analytics. PeopleAnswers’ application maps the behavioral DNA of organizations by analyzing 39 behavioral traits to reveal behaviors that drive success—as understood by each company.

success of an effective compliance strategy  the groups that define success within a company. PeopleAnswers’ customers include Audi, Foot Locker, Gold’s Gym, Hertz, Neiman Marcus, and The Cheesecake Factory. Read More

Achieving Efficient Governance, Risk, and Compliance (GRC) through Process and Automation


Newly available software platforms known as governance, risk, and compliance (GRC) technologies can help your business stay on top of the myriad procedures, tasks, and behaviors that bear upon compliance. This paper discusses the drivers behind the growing awareness of GRC information technology, introduces the elements of an effective automated GRC system, and suggests a low-risk, high-impact approach to launching GRC automation.

success of an effective compliance strategy  Efficient Governance, Risk, and Compliance (GRC) through Process and Automation Newly available software platforms known as governance, risk, and compliance (GRC) technologies can help your business stay on top of the myriad procedures, tasks, and behaviors that bear upon compliance. This paper discusses the drivers behind the growing awareness of GRC information technology, introduces the elements of an effective automated GRC system, and suggests a low-risk, high-impact approach to launching Read More

The Role of Cloud in Your Storage and Data Protection Strategy


Find out in Making Cloud an Integral Part of Your Enterprise Storage and Data Protection Strategy.

success of an effective compliance strategy  solution to help you successfully leverage the cloud delivery model. Find out how cloud-based storage can work for your organization. Download your PDF copy of Making Cloud an Integral Part of Your Enterprise Storage and Data Protection Strategy today. For assistance, please contact customer service. Hours: 8:00 AM to 5:30 PM EST. Phone: +1 514-954-3665, ext.367. Read More

Amfit Success Story




success of an effective compliance strategy  Success Story Read More

Guide to Tax Collection Compliance: Ending the Nightmare


In mid-market report: the changing face of sales and use tax compliance, find out just how bad the problem has become, and what midsized companies ...

success of an effective compliance strategy  to Tax Collection Compliance: Ending the Nightmare What a mess! the chief financial officer (CFO) exclaimed, lamenting his midsized company''s losing effort to comply with sales and use tax requirements. Keeping on top of dozens of shifting tax regulations for scores of products in hundreds of jurisdictions has become an ongoing nightmare. In Mid-market Report: The Changing Face of Sales and Use Tax Compliance , find out just how bad the problem has become, and what midsized companies like yours can Read More