Time To Drive Governance to the Top of the Corporate Agenda
A ClusterSeven panel discussion entitled Data Governance in the Financial Services Sector, highlighted a lack of definition, common understanding and therefore ownership of ‘data governance’
The Senior Managers & Certification Regime to Insurers – An Opportunity for IT Transformation
the PRA aims to put the insurance industry under the same level of scrutiny as the banking sector, by enforcing individual accountability as a means of protecting customers and minimizing market abuse.
Mitigating Reputational Loss in Asset Management
In the event of even a single error that leads to a poor investment decision or losses, there is a direct impact on the reputation of the asset management firm in question.
Spreadsheet Risk Management is Key to GRC Success in Organizations
Today, spreadsheets are an integral part of any organization's business processes. These Excel files are critical to some of the GRC controls.
Data Chaos Caused by Unmanaged Spreadsheets
Due to unstructured and uncontrolled usage, spreadsheets are spiralling out of control. In an ideal world, a CFO would know the data sources that feed into the financial reports.
Cost Savings Achieved By Automating Financial & Compliance Processes
Our research shows that today 88% of internal audit, finance, compliance and risk management professionals recognize the risks posed by spreadsheet applications.
Chain Reaction of PCAOB and SOX on Enterprises
Auditors are under mounting pressure from regulators to up their game and enforce SOX compliance standards.
Reporting Inventory Is Out Of Control
The Future of Financial Reporting Survey 2017, reveals that reporting inventory is out of control in finance departments and yet, its resolution is way down on the CFOs’ list of priorities.
Are Your Critical Spreadsheets Actually Models?
With models covering so many scenarios, organizations are experiencing a number of difficulties related to their governance, suggesting that perhaps they aren’t equipped to manage the burden the discipline imposes.
Reporting Process is Keeping 97% of CFOs Awake at Night
“The Future of Financial Reporting Survey 2017”, finds that the burden of financial reporting is keeping CFOs awake at night with 97% of CFOs worrying about at least two aspects of reporting.
CFOs Not Ready for an Era of Self-service Reporting
The Future of Financial Reporting Survey 2017 has brought to light a key issue – financial reporting is putting great strain on finance teams and so to alleviate the burden, CFOs are turning to self-service reporting.