• Search in Protiviti.com

Results for

  • Blog
    June 11, 2019
    Who Is Watching the Bots? Part 2 – Operational Challenges (and Solutions)
    A lot of organizations are beginning to realize the value of deploying robotic process automation (RPA) to perform high-volume, repetitive tasks that were previously performed by human users. Properly managed, RPA allows companies to scale operations and increase productivity. RPA comes with its own set of operational challenges, however, that must be considered. In Part 1 of our discussion we…
  • Blog
    June 12, 2019
    For Technology Startups, Taking a Potentially Faster Path to Going Public Doesn’t Mean Skipping Critical Steps
    Many technology startups are delaying their initial public offering (IPO) — waiting years, in some cases — and going well beyond the traditional Series A, B and C rounds of funding to support the development of their products and services. A major downside of this approach is that, by the time the company is ready to go public, it may have already seen most of its growth. That leaves less…
  • Blog
    June 19, 2019
    Paving the Way for Sustainable RPA
    Robotic process automation (RPA) is widely touted as an easy and affordable way to improve productivity without creating a lot of work for the IT department. Companies across industries have successfully tested using bots to automate everything from payroll processing to customer and employee onboarding. Pilots have shown that bots, which can work 24/7 without a break, are capable of…
  • Blog
    June 21, 2019
    “P” Is for “People”– Changing the Conversation on RPA to Include More Than Automation
    Robotic process automation (RPA) is one of the fastest-growing technologies in the workplace today. Introduced as a fast and efficient virtual workforce capable of laboring around the clock with little configuration or training, bots were initially cost-justified through headcount reduction. However, the reality is much different than that initial sales pitch. For one thing, while bots do…
  • Blog
    June 26, 2019
    In SOX Compliance, Use of Data and Automation Can Help With Rising Hours and Control Counts
    Seventeen years after the Sarbanes-Oxley Act of 2002, SOX compliance continues to challenge many firms. Though SOX compliance expenses have edged downward during the past year, the costs remain significant for many organizations, especially with respect to the value delivered beyond financial reporting processes. These findings are according to Protiviti’s tenth annual Sarbanes-Oxley (SOX)…
  • Blog
    July 1, 2019
    Emerging Companies and Innovation for the Back Office
    In the throes of rapid growth, it isn’t always easy to see how the wrong choice of a labor model can put a young business at risk. Startups sometimes take an old-school approach to building the back-office team themselves, resulting in an inflexible and sometimes inadequately skilled staff that could limit the new business’ growth. On the other end of the spectrum, it may be tempting for the…
  • Blog
    July 3, 2019
    Programs, Policies, Principles and People Can Move “Ethical AI” From a Nebulous Concept to a Meaningful Practice
    Competitive pressures and the inherent desire to disrupt markets through innovation have technology companies moving fast to invest in advanced artificial intelligence (AI). As they do, many of these businesses — industry giants and startups alike — are racing to embrace “ethical AI.” They are acknowledging a need to demonstrate to their stakeholders and the general public that they view…
  • Blog
    July 8, 2019
    Financial Action Task Force Set to Rate Hong Kong “Compliant” in Anti-Money Laundering Evaluation
    According to a press release by the Hong Kong government, Hong Kong is set to receive an overall rating of “Compliant” in what will be its Fourth Financial Action Task Force (FATF) Mutual Evaluation. The Mutual Evaluation Report (MER) is scheduled to be released in September 2019. The expected rating represents a significant improvement over the Partially Compliant rating assigned to Hong Kong on…
  • Blog
    July 12, 2019
    Experiment. Learn. Repeat. What a World Tour of Internal Audit Reveals About Next-Gen Transformation.
    A critical mass of factors has led internal audit functions to a watershed moment: They must disrupt or be disrupted. At Protiviti, we refer to the innovation and transformation internal audit functions must pursue as next-generation internal audit. These efforts — already underway in a growing number of companies — vary. But they share an agile, holistic approach centering on new directions for…
  • Blog
    July 15, 2019
    No Stone Unturned: Key Considerations for Finalizing CECL Model Implementation and Validation
    With a December 31st deadline looming for SEC reporting financial institutions under the Financial Accounting Standards Board's (FASB) new Accounting Standard Update (ASU) on Current Expected Credit Loss (CECL), institutions are in various stages of finalizing their models and model documentation, performing model validation and testing, performing parallel runs and updating processes and…
Loading...