Posts Tagged ‘grc technology’
Podcast: Compliance Trends in Finance Sector
Several weeks ago I had a post about compliance trends in the financial sector, based on a report from Thomson Reuters. That report found most financial firms aren’t cutting compliance budgets, and it offered practical insights into how compliance officers might tiptoe into more automation and use of technology. Both issues are important for compliance…
Read MoreGetting Started With the Cloud, Data, and Risk
This week I attended Oracle’s Modern Finance Experience conference here in Boston, where financial reporting professionals convened en masse to talk about risk management and new approaches in cloud-based IT to get that task done. Attendees also had the raw thrill of a private concert with the Goo Goo Dolls on Wednesday night, a band I…
Read MoreMicrosoft’s New Cyber Assessment Tool Just Dropped
Just in time for everyone gathering at the RSA Conference in San Francisco this week, Microsoft has announced plans to rate the effectiveness of customers’ cybersecurity efforts—and at least one insurance company will start using that score to set prices for its cyber-insurance policies. That move is possible thanks to Office 365, the cloud-based version…
Read MoreTalking About Tech Shifts at TEC 2016
Workiva’s TEC 2016 user conference kicked off today, and I have the good fortune to be on site here in San Diego. Today’s main sessions hit on themes of technology power and flexibility—which compliance and audit executives certainly need as they confront the modern regulatory and reporting climate. Workiva started by announcing a flurry of enhancements…
Read MoreProject Management Principles for Compliance
I’m always looking for new ways to think about corporate compliance, to see whether that fresh perspective can help compliance officers do their jobs more effectively. Last week I found a great example courtesy of the Institute of Internal Auditors and its guidance for how to audit projects. The guidance caught my eye because I’ve…
Read MoreIs This GRC in Our Future?
One of my other favorite blogs about compliance and risk management is the one maintained by ACL, a software vendor that caters to the internal audit industry. Those of you who like to ponder the future of our profession might want to read the most recent post there, “The Maturing World of GRC” by John…
Read MoreCompliance Tech Challenges: The T&E Example
There we were last week, 14 of us, sitting around a large restaurant table to enjoy lunch and talk about data analytics tools to help compliance officers do their jobs. One participant vented about his company’s software to track travel and entertainment expenses. “I don’t like it,” the person said. “You get training on how…
Read MoreSo You Wanna Do Compliance Analytics…
Earlier this week I eavesdropped on a webcast hosted by Financial Executives International, talking about how data analytics continues to march its way into the heart of auditing. Almost every compliance officer would say that analytics is marching its way into corporate compliance as well, but let’s be honest—the audit world is ahead of the…
Read MoreEight Trends Shaping GRC by 2025
Here’s a question to ponder: What the world of governance, risk, and compliance will look like by 2025? Cynical people would say we can’t tell. And if we were trying to make specific predictions about how GRC will evolve in the future, those cynics would probably be right. This field is too broad and fast-changing…
Read MoreBetter Compliance Strategies for Email Risk
Harvey Pitt, a former chairman of the Securities and Exchange Commission, had a pithy observation about corporate compliance called the Pitt Rule of Discovery: “A document necessary for a company’s defense shall not be found when needed, unless the document actually makes the company’s situation worse—in which case, said document will be discovered at the…
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