Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Sort by: Relevance Date Filter Search Sort by RelevanceDate Order AscDesc Blog November 5, 2018 Highlighting Recent Cyber-Related Financial Losses, the SEC Urges Public Companies to Revisit Internal Accounting Controls Even the best-intended internal controls are only as effective as the degree to which they are designed and executed. According to a recent FBI report, failure to adhere to payment and reconciliation controls has cost companies more than $5 billion over the past five years. In addition, a recent cyber threat investigation by the U.S. Securities and Exchange Commission (SEC) found widespread… Blog November 6, 2018 Finance Trends: RPA Paves the Way for Process Improvement Improving processes is a top priority for finance organizations, outside of data security and analytics, according to Protiviti’s 2018 Finance Trends Survey. Robotic process automation (RPA) offers one of the best ways to do that. And yet, judging from the results of the survey, many finance executives are either not aware of or are not ready to commit to this relatively low-cost, non-intrusive… Blog November 8, 2018 Could Your RPA Implementation Team Be on Board Already? Robotic process automation (RPA) is rapidly gaining adoption due to its potential to make routine work more efficient, thus saving companies money and streamlining operations. Leaders recognize the benefit of freeing up skilled resources to focus on tasks requiring intellectual discernment and critical thinking. We have discussed the benefits of RPA in various parts of the organization, including… Blog November 12, 2018 Pecans in Peril: A Supply Chain Lesson From Hurricane Michael Natural disasters may be local and short-lived, but the devastation they cause can reverberate through the global supply chain for years. The time to be thinking about business continuity is long before a disaster strikes. Consider the recent case of Hurricane Michael. The Category 4 storm, which came ashore in the Florida panhandle, cut a swath through Alabama and the heart of Georgia,… Blog November 13, 2018 Ready for RPA? Five Implementation Risks to Keep in Mind Heralded as a “tech light” way to quickly eliminate repetitive work and reduce cost, robotic process automation (RPA) has been gaining wide acceptance and has been deployed by giants like Walmart, AT&T, Walgreens and American Express to automate both front-office and back-office processes. But RPA is not a cure-all. RPA, aka “bots,” while good at handling highly manual and repetitive rules-… Blog November 15, 2018 Why Organizations Should Consider a Cybersecurity Program Office As part of our Cybersecurity Webinar Series, we presented a webinar recently, discussing the value of establishing a program office dedicated to cybersecurity. Cyber crime is now considered one of the top three risks to an enterprise. Many organizations seek to build security by adding tools and processes on top of their established operations. We explore whether a different approach results in… Blog November 16, 2018 Hamstrung by Technology: What Organizations Can Do Now to Address Technical Debt The issue of technical debt – outdated technologies at the core of an organization's IT infrastructure – is becoming increasingly urgent as new digital technologies and emerging players unburdened by legacy systems reshape the competitive landscape. The problem is especially acute in the financial services industry, where mainframe technology supports key customer interfaces, and replacing it… Blog November 19, 2018 A Guiding Principle for a Smooth Transition: Get Smart While Getting Things Done! The merger and acquisition (M&A) fairytale goes like this: “I’m going to combine these companies and achieve great economies of scale – lower costs, less complexity.” The M&A reality is more like this: “Disentangling key dependencies takes longer than expected, the best people leave at the worst time, processes don’t align to system changes in a few client-facing areas, security… Blog November 20, 2018 Next Generation Internal Auditing: Addressing Risk in the Midst of Rapid Change At the SIFMA Internal Audit Society Annual Conference earlier this month in Nashville, Protiviti sponsored a breakout session of future-minded internal auditors talking about innovation in the profession. The panel was moderated by my colleague, Protiviti Managing Director Michael Thor, and featured Michael Bidun, Executive Director in charge of internal audit innovation at Morgan Stanley;… Blog November 26, 2018 Enhancing Security Strategy for Cloud-Based Technology As part of our Cybersecurity Webinar Series last month, we presented a webinar on enhancing security strategy for cloud-based technology. Here is a summary of the topic discussed. For the full discussion, including questions from the live audience, click on this link to listen to the archived version of the webinar. State of the Industry Digital innovation is a double-edged sword: while it… Load More