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DFS500 Amendments: What You Need to Know

Perficient Digital Transformation

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

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NYSDFS Part 500 Cyber Amendments Finalized: What You Need to Know

Perficient Digital Transformation

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

.¹ With supply chains often accounting for more than 90% of the greenhouse gas (GHG) emissions associated with providing an enterprise’s products and services, strategic sourcing through the lens of sustainability is another way to reduce overall emissions and advance environmental, social and governance (ESG) goals.

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Business process management (BPM) examples

IBM Services

Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies. This accelerates time-to-market and reduces development costs.

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How To Avoid A Decrease In Cash Flow From An Increase In Operations

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Cash Flow Governance Risk Management & Compliance (GRC). Low Inventory Turnover Rates Calculate your inventory turnover rate by finding the ratio of sales to the inventory available at the end of the same period.

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Choosing Business Outsourcing Companies

Intugo

Cost Savings: While typically not as inexpensive as offshore locations, nearshore locations often offer competitive pricing, higher quality, and reduced risks. Regulatory Alignment: Proximity often means similar regulatory environments, simplifying compliance and governance.

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Procurement Costs and How Businesses Can Reduce Them

Planergy Software

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Improving inventory management.