Everest Group

MAY 16, 2024

The Big Four accounting firms have been steadily expanding their service horizons, casting a wider net in the managed services market in pursuit of growth and diversification. Niche services such as enterprise risk management and compliance will no longer remain as good-to-haves given the experience of the Big Four in these areas.

Service 162

Service Advisory Finance Accounting 162

The Hackett Group

APRIL 13, 2023

(NASDAQ: HCKT) today announced that its Market Intelligence Service has launched a new research project that will evaluate and rank finance and accounting outsourcing solutions providers. Over the last few years, the landscape has changed,” said Janssen.

Finance 96

Finance Research Accounting Outsourcing 96

Perficient Digital Transformation

APRIL 1, 2024

A powerful, forward-thinking exercise used in project risk management, the project premortem exercise preemptively addressing risks, and helps prevent costly disasters. Benefits of a Premortem Proactive Project Risk Management: A project premortem allows teams to address risks before they materialize.

Risk Management 52

Risk Management Risk Management Management Collaborations 52

31 West

JUNE 5, 2023

Fortunately, Microsoft 365 has built-in automated security solutions that are designed to protect your emails, Microsoft accounts, apps, and devices from unauthorized access. Security Information and Event Management: Microsoft’s Sentinel is a robust security tool, which offers clear visibility into an organization’s security operations.

Risk Management 130

Risk Management Risk Management Accounting Event Management 130

Risk Guide

FEBRUARY 7, 2022

Volumes have been written on the cause of the crisis the world is in, surveys have been done and many fingers are pointing in every direction—a couple of these are pointing straight at us, the Risk Professionals. It is time to renovate risk management. The basic Risk Management process cycle is one of those.

Risk Management 52

Risk Management Risk Management Management Banking 52

NoonDalton

AUGUST 26, 2024

Among the myriad of functions that can be outsourced, accounting services stand out as one of the most impactful. In 2024, accounting continues to lead the charge as the most outsourced business function among small businesses in the U.S., But why is accounting such a popular choice for outsourcing?

Accounting 52

Accounting Outsourcing Streamline Operations Risk Management 52

Everest Group

APRIL 23, 2024

Additionally, with the emergence of risks associated with climate change and cyber threats, intermediaries are expanding their role beyond traditional risk placement to become strategic advisors. They leverage data-driven insights to offer proactive risk management solutions to clients.

Insurance 162

Insurance Service BPO Finance 162

Sourcing Advisors Group

OCTOBER 27, 2020

Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. Fourth : manage performance with proactive reporting, gap analysis and corrective action plan focused on both business users and vendors.

Risk Management 52

Risk Management Risk Management Efficiency Management 52

SIG Speaks

JUNE 6, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Shani Richards shares how this course has opened her eyes to the inherent risks associated with not having a solidified third-party risk management system in place. to protect myself as best as possible.

Risk Management 40

Risk Management Risk Management Management Accounting 40

Planergy Software

JUNE 9, 2022

Segregation Of Duties In Accounts Payable. Best Practices & Tips Governance Risk Management & Compliance (GRC) Invoice Processing. Why Segregation of Duties is Important in Accounts Payable Segregation of duties is important in both accounts receivable and accounts payable. Written by. 17 min read.

Accounting 52

Accounting Finance Data Entry Risk Management 52

AS White Global

OCTOBER 6, 2022

Here are some tips to help you build an efficient remote team for offshore accounting services. Future-proof your offshore accounting services by finding talent with certified Xero, MYOB, SAP expertise and other popular software programs. Start out by delegating small projects to the offshore accounting team.

Offshoring 64

Offshoring Accounting Out-Tasking Payroll 64

Paysquare

NOVEMBER 2, 2024

The Risks of Data Breach in Accounting The consequences of data outsourcing accounting breaches can be very high, especially involving financial information. Among cybercrime is the large-scale access to clients’ accounts with the view of committing fraud on account manipulation, taking funds for financial payment.

Accounting 52

Accounting Outsourcing Payroll Service 52

Everest Group

MARCH 31, 2022

The Russian military action in Ukraine has already significantly impacted thousands of services jobs in this region, but the potential reverberations to nearshore European countries and the larger global services industry could be far more damaging – making it essential to integrate geopolitical risk management in your decision-making now.

Risk Management 130

Risk Management Risk Management Nearshoring Cybersecurity 130

SIG Speaks

JUNE 29, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Anna Sgro shares how adding procurement roles into third-party risk management systems can be a very effective contribution to your team.

Risk Management 40

Risk Management Risk Management Management Sourcing 40

SIG Speaks

SEPTEMBER 17, 2021

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Kyle Brown discusses the value proposition and responsibilities for the key players in an effective third-party risk management program. Each business unit owns the risks associated with the contracts they decide to enter into.

Risk Management 40

Risk Management Risk Management Management Shared Services 40

Intugo

DECEMBER 6, 2023

Outsourced Accounting Services vs. In-House [Pros and Cons] Effective accounting is essential for the smooth functioning of any successful business. As companies navigate the complex landscape of financial management, a key decision arises – whether to opt for outsourced accounting services or maintain an in-house team.

Accounting 59

Accounting Outsourcing Service Nearshoring 59

SIG Speaks

MAY 11, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Nathan Coffet discusses the process of updating a Third-Party Risk Management program and the benefits it can have. However, some types of Third-Party Risk may need to be better understood or visible to the business.

Risk Management 40

Risk Management Risk Management Management Out-Tasking 40

Everest Group

MARCH 16, 2023

Banks’ risk management functions also will be scrutinized again. For example, only one of the seven members of SVB’s Risk Committee had risk management experience. Declining customers and subsequent deposits will also affect other banking portfolios, and digital and technology transformation spend may take a hit.

Banking 130

Banking Service Right-Sizing Risk Management 130

NoonDalton

APRIL 29, 2024

The integration of Artificial Intelligence (AI) in accounting and finance is revolutionizing the industry by automating complex processes and enhancing efficiency. billion, the AI in accounting market is projected to surge to $6.62 Currently valued at $1.56 billion by 2029, according to Mordor Intelligence.

Finance 52

Finance Accounting Cybersecurity Data Entry 52

Amzur

DECEMBER 27, 2024

For several days, customers couldnt access their accounts, process payments, or receive deposits due to a critical failure in RBSs Back Office System (BOS). In 2012, a software update error led to a major IT failure for the Royal Bank of Scotland (RBS), impacting millions of customers across the UK.

Retail 105

Retail Automation Payroll Inventory Management 105

Perficient Digital Transformation

NOVEMBER 10, 2023

When they need to change direct deposits, clear checks, or open new accounts at a bank, their funds often remain untouched. Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities.

Accounting 52

Accounting Banking Retail Risk Management 52

inDinero

MARCH 23, 2023

Introduction In today’s competitive private equity (PE) landscape, portfolio companies (portcos) frequently confront significant obstacles in managing their finance and accounting functions. High Operational Costs Managing finance and accounting functions can be costly, especially for smaller portcos.

Finance 52

Finance Accounting Data Entry Analytics 52

inDinero

MARCH 23, 2023

Introduction In today’s competitive private equity (PE) landscape, portfolio companies (portcos) frequently confront significant obstacles in managing their finance and accounting functions. High Operational Costs Managing finance and accounting functions can be costly, especially for smaller portcos.

Finance 52

Finance Accounting Data Entry Analytics 52

Paysquare

AUGUST 7, 2023

Outsourcing accounts have gained popularity because of several factors. It allows businesses to focus on core competencies while delegating non-core accounting functions to specialized experts. Outsourcing provides access to advanced accounting technologies and expertise that may be otherwise difficult to obtain in-house.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

inDinero

SEPTEMBER 25, 2024

In this article, you will learn the fundamentals of invoice factoring and accounts receivable financing. We will look at what is invoice factoring, what is accounts receivable financing and their key differences. We will also look at some of the benefits and drawbacks of both invoice factoring and accounts receivable financing.

Finance 52

Finance Accounting Banking Sales 52

Planergy Software

APRIL 19, 2023

Download Free Copy Accounts Payable: What Is It, Definition, Job Description, Process, and Software Written by Keith Murphy 32 min read AP Automation Invoice Processing Process & Procedures Download PDF IN THIS ARTICLE What Is Accounts Payable? Is Accounts Payabale a Liability or an Asset? This is an asset.

Accounting 52

Accounting Jobbing Software Automation 52

Planergy Software

JUNE 1, 2023

How better management in AP can give you better flexibility for cash flow management. What Are the Functions of Accounts Payable? What Are Internal Controls for Accounts Payable? What Is an Accounts Payable Write-Off Policy? What Is an Accounts Payable Policy? What Are the Functions of Accounts Payable?

Accounting 52

Accounting Automation Out-Tasking Software 52

Redial

JULY 5, 2023

Typically, the objective is to meet vendor risk management requirements that customers may request surrounding security. ISO-9001 (International Organization for Standardization): ISO-9001 certification is a globally recognized quality management system standard.

Cybersecurity 130

Cybersecurity Risk Management Risk Management Insurance 130

Risk Guide

SEPTEMBER 2, 2022

In this special episode , Alexander Larsen speaks to Mykhailo Rushkovskyi about the need for more Risk Governance at a governmental level in the form of for example a Government Chief Risk Officer which will bring accountability and visibility to how societal and country risk is managed and how risks are considered in decision making. .

Government 78

Government Risk Management Risk Management Banking 78

Perficient Digital Transformation

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Regulations 52

Regulations Service Banking Cybersecurity 52

inDinero

SEPTEMBER 21, 2024

Standardize Nonprofit Financial Policies Standardizing nonprofit financial policies is fundamental for nonprofits to maintain consistency, accountability, and transparency in their financial practices. Another important policy to take into account is a well-defined gift acceptance policy.

Management 104

Management Accounting Collaborations Finance 104

inDinero

AUGUST 21, 2024

A construction company CFO does more than manage books; they’re instrumental in shaping financial strategies that drive growth and mitigate risks. Construction Accounting and Finance : Implementing robust systems for accurate financial reporting and analysis. What Does a Construction Financial Officer Do?

Regulations 105

Regulations Finance Accounting Jobbing 105

31 West

DECEMBER 1, 2022

It’s a shared database for your managerial operations, HR, accounting, customer service, security, compliance , and other departments. The ServiceNow Integrated, Risk Management solution manages all organizational risks, including financial risk, operational risk, and compliance. Bottom Line.

Finance 130

Finance Software Risk Management Risk Management 130

Everest Group

SEPTEMBER 14, 2023

This commonly arises due to misalignment between cloud, product, technical, and finance teams and the lack of defined accountability and ownership that results Unplanned transitions : During the enterprise transition from one provider to another or from on-premise to an outsourced service provider, a proper transition methodology is crucial.

Government 162

Government Finance Risk Management Risk Management 162

Everest Group

MARCH 19, 2024

Beyond regulatory compliance, governance can address critical aspects such as risk management, fairness, transparency, and accountability. In an industry where data security and privacy are paramount, governance becomes a linchpin for safeguarding sensitive information.

Government 147

Government Advisory Risk Management Risk Management 147

IBM Services

APRIL 18, 2023

On the other hand, real-time payments are complete within a few seconds, allowing for the near-instantaneous transfer of funds between bank accounts. Enhanced Risk Management: better identify and manage risks, such as fraud, credit risk and operational risk.

Banking 114

Banking Analytics Risk Management Risk Management 114

Groove Technology

SEPTEMBER 3, 2022

Complying with regulations will also get more difficult as you have to take into account the legal systems of the nations where your employees are based, including social security, data protection, and compliance with tax and labor laws. Your business will be able to test this strategy out with fewer workers thanks to an EOR.

Payroll 130

Payroll Out-Tasking Administrative Accounting 130