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The Dawn of the GRC Era for XBRL


xbrl grc  Research Institute ; the XBRL Risk Taxonomy Forum of the IBM Data Governance Council ; AIIM ’s StratML Work Group; and the International Standards of Accounting and Reporting (ISAR) group of the United Nations’ Council on Trade and Development (UNCTAD). The major contributors to an XBRL taxonomy for GRC can contribute to the development of  five defining domains, as follows: common financial and operational risk controls corporate social responsibility and transparency metrics issue and incident Read More...
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...
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Documents related to » xbrl grc


How to Lead Your Organization on the Best Path to Performance Improvement (Webcast Transcript)
Companies require an agile enterprise performance management (EPM) strategy to ensure they have information to support effective decisions. The more information

xbrl grc  publicly, potentially driven by XBRL and even more recent initiatives around risk factors coming under that taxonomy. So certainly, I think from what I've seen, yes, it's a requirement of vendors. I would say it's not...I mean, a requirement that I see from end users. I wouldn't say it's solidified yet. I...typically, they typically just use their website or internet portal to make some of that information available. But I think the requirements are going to increase. And I think that the vendors are Read More...
Sarbanes-Oxley Readiness with Microsoft Dynamics NAV
Organizations cannot achieve Sarbanes-Oxley compliance without the proper tools. But once these tools have been obtained, compliance becomes an opportunity for

xbrl grc  on and report these. XBRL Documents XRBL is an XML-based specification that uses accepted financial reporting standards and practices to exchange financial reports across different software and technologies, including the Internet. The key benefits associated with XRBL are technological independence, full interoperability, the efficient preparation of financial statements and reliable extraction of financial information. XBRL allows organizations to exchange financial data easily and efficiently based on Read More...
Effective GRC Management: Strategies for Mitigating Risks and Sustaining Growth in the Tough Economy
A core responsibility among company leaders is to understand the potential return on any investment. So how do executives justify budgeting and spending on

xbrl grc  GRC Management: Strategies for Mitigating Risks and Sustaining Growth in the Tough Economy A core responsibility among company leaders is to understand the potential return on any investment. So how do executives justify budgeting and spending on governance, risk, and compliance (GRC) management when the return on investment (ROI) is not clear? This paper presents survey results showing that executives are viewing effective GRC management as opportunities for corporate growth. Read More...
SYSPRO - Awaiting Positive IMPACT From Its Brand Unification Part Two: Market Impact
With its latest moves, SYSPRO seems to have braced itself well for the bigger brethren’s onslaught. The latest brand unification move may prove that the company

xbrl grc  eXtensible Business Reporting Language (XBRL), SYSPRO can often be competitive even for enterprises that would only need the core financial and accounting functionality. The above all-rounder trait often comes as advantageous compared to competitive products that are either mainly strong in accounting (e.g., Microsoft Business Solutions ( MBS ), Softline , BEST Software and ACCPAC ) or conversely in manufacturing/distribution (e.g., Lilly Software , QAD , Glovia and ROI Systems ). Although SYSPRO is a Read More...
Finding the Right BPM Solution-and Making It Work for You
In a previous blog post, I discussed the importance of data management capabilities of a business intelligence (BI) solution. To recap briefly, the Pareto chart

xbrl grc  formats they need: XML, XBRL, etc. 2.  Dashboarding and scorecarding . As this is a core functionality feature, organizations should consider BPM applications that will let them gain a view of their company by allowing them to define and manage metrics and KPIs, as well as the necessary tools to visualize them according to their needs. 3.  Advance analysis . Predicting and forecasting are becoming prominent capabilities for any organization. Those organizations that base their decision making on mining Read More...
Vendors Harness Excel (and Office) to Win the Lower-end of Business Intelligence Market
Small and medium businesses wanting the benefits of business intelligence (BI) without having to implement a large enterprise system may find a viable option in

xbrl grc  To refresh our memory, XBRL is an e xtensible markup language-based (XML) specification for publishing the financial information of an enterprise. The standardization of the specification makes it easier for public and private companies to share information with each other and with industry analysts across all software formats and technologies, including the Internet. Accordingly, XBRL uses XML data tags based on standardized accounting industry definitions to describe financial information for public Read More...
The Sarbanes-Oxley Act May Be Just the Tip of a Compliance Iceberg
The Sarbanes-Oxley Act is not the only government regulation that enterprises must comply with. Several others make it imperative that appropriate enterprise

xbrl grc  Sarbanes-Oxley Act,SOX,regulatory compliance,financial reporting,GRC,governance,risk management,and compliance,International Financial Reporting Standards,IFRS,International Accounting Standards,IAS,Generally Accepted Accounting Principles,GAAP,historic cost Read More...
Oracle Renders Its PLM Outline Part One: Event Summary
Although its PLM solutions will not likely be the

xbrl grc  eXtensible Business Reporting Language (XBRL), and XML-based standard for financial reporting. Also, rather than traditionally delivering a horizontally broad and functional product and relying on its technically savvy sales force to push the sales of applications on top of the Oracle database, application server, development environment & middleware stack, Oracle will increasingly rely on industry experts within its reorganizing applications sales and pre-sales teams. To that end, the version 11i.9 Read More...
Important Sarbanes-Oxley Act Mandates and What They Mean for Supply Chain Management
Two sections of the Sarbanes-Oxley Act (SOX) have major implications for supply chain management. Yet enterprises can meet the challenges created by SOX more

xbrl grc  Sarbanes-Oxley Act,SOX,regulatory compliance,financial reporting,US Securities and Exchange Commission,SEC,segregation of duties,SOD,GRC,governance,risk management,and compliance,supply chain management,SCM,internal audit controls Read More...
Has SAP Become a PLM Factor to Be Reckoned With?
You have probably heard of SAP’s recent blockbuster acquisitions, but did you know about the vendor’s fervent in-house innovation and newly developed products

xbrl grc  SAP Become a PLM Factor to Be Reckoned With? Even at the recent SAPPHIRE NOW 2011 conference, it became apparent that much of SAP ’s innovation has lately come from its blockbuster acquisitions of Business Objects and Sybase . The major headlines of the conference were along the lines of in-memory analytic applications ( SAP HANA , anyone?), mobility, on-demand/cloud applications, and so on. But SAP has also been doing a boatload of tacit and less publicized innovation in-house. At the event, we Read More...
Human Capital Management: How Top Organizations Drive Company Profits Efficiently
This benchmarking study analyzes human resources (HR) performance for over 200 best-practice companies in three categories: process and transactional support

xbrl grc  hr strategy,hr solution,hr strategies,hr best practices,human capital management,human capital management solutions,human capital management in,strategic human capital management,management of human capital Read More...
GRC Strategies: Finding the Right Balance of Business and IT
Increased regulatory requirements, the need for transparency, and the desire to better manage and mitigate risks together make governance, risk, and compliance

xbrl grc  governance risk and compliance,grc,it security,segregation of duties,access control,internet access control,access control security systems,door access control,security access control systems,access control systems,network access control,access control system,access control software,door access control system,hid access control 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

xbrl grc  Trade and 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 Read More...
Enterprise Performance Management: Financial Excellence and Beyond
Financial performance management@often categorized as one aspect of enterprise performance management@can help chief financial officers (CFOs) maximize their

xbrl grc  financial performance business,enterprise performance management,management financial excellence,financial excellence,business intelligence financial performance Read More...

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