Outlook on Artificial Intelligence in the Enterprise 2016Narrative Science
Based on a survey of 235 senior business executives, Narrative Science analyzed respondents' data to identify top 4 trends of artificial intelligence in the enterprise.
Deliver responsible innovation at scale with Advanced Natural Language Genera...Narrative Science
This document introduces Quill, an artificial intelligence platform that uses natural language generation to analyze data and create transparent, consistent narratives and reports for regulatory compliance, risk management, and internal auditing. Quill can automatically generate compliance reports, internal reports, and client-facing reports at scale from various data sources. It aims to provide greater transparency, visibility, and insights into compliance activities while reducing costs and human bias compared to traditional reporting methods.
The document discusses how digital technologies may change hospitals globally in the future based on a crowdsourcing simulation with healthcare experts. The simulation identified five potential uses of digital technologies in hospitals over the next 10 years: 1) clinical command centers to provide real-time patient data and predict patient harm, 2) personalized portable care through 3D printing and robotics, 3) cloud-based electronic health records using AI, 4) use of digital technologies to simplify processes and improve patient experience, 5) intelligent staff recruitment and scheduling using cognitive analytics. The document outlines benefits of each use and concludes that investments in digital technologies may improve quality of care and operational efficiencies in the long term.
A renewed focus on enhancing extended enterprise risk management (EERM) maturity has emerged in the last year amid increasing perceptions of dependence on third parties, although moving up the maturity curve has been slower than expected.
Whitepaper : Building a disaster ready infrastructureJake Weaver
It’s not just hurricanes, fire or other natureal disasters that can bring a business to its knees. Everyday problems such as bad software, misconfigured networks, hardware failures or power outages are much more common. In fact, power failures accounted for nearly half of the declared disasters reported in a recent survey conducted by Forrester
Legal Firms and the Struggle to Protect Sensitive DataKayla Catron
Survey results from the 2016 IT Disaster Recovery Planning and Preparedness Survey | Bluelock commissioned with ALM to asses the current state of the legal industry's IT disaster recovery (DR) preparedness, pressures and confidence.
Legal Firms and the Struggle to Protect Sensitive DataBluelock
Survey results from the 2016 IT Disaster Recovery Planning and Preparedness Survey | Bluelock commissioned with ALM to asses the current state of the legal industry's IT disaster recovery (DR) preparedness, pressures and confidence.
Outlook on Artificial Intelligence in the Enterprise 2016Narrative Science
Based on a survey of 235 senior business executives, Narrative Science analyzed respondents' data to identify top 4 trends of artificial intelligence in the enterprise.
Deliver responsible innovation at scale with Advanced Natural Language Genera...Narrative Science
This document introduces Quill, an artificial intelligence platform that uses natural language generation to analyze data and create transparent, consistent narratives and reports for regulatory compliance, risk management, and internal auditing. Quill can automatically generate compliance reports, internal reports, and client-facing reports at scale from various data sources. It aims to provide greater transparency, visibility, and insights into compliance activities while reducing costs and human bias compared to traditional reporting methods.
The document discusses how digital technologies may change hospitals globally in the future based on a crowdsourcing simulation with healthcare experts. The simulation identified five potential uses of digital technologies in hospitals over the next 10 years: 1) clinical command centers to provide real-time patient data and predict patient harm, 2) personalized portable care through 3D printing and robotics, 3) cloud-based electronic health records using AI, 4) use of digital technologies to simplify processes and improve patient experience, 5) intelligent staff recruitment and scheduling using cognitive analytics. The document outlines benefits of each use and concludes that investments in digital technologies may improve quality of care and operational efficiencies in the long term.
A renewed focus on enhancing extended enterprise risk management (EERM) maturity has emerged in the last year amid increasing perceptions of dependence on third parties, although moving up the maturity curve has been slower than expected.
Whitepaper : Building a disaster ready infrastructureJake Weaver
It’s not just hurricanes, fire or other natureal disasters that can bring a business to its knees. Everyday problems such as bad software, misconfigured networks, hardware failures or power outages are much more common. In fact, power failures accounted for nearly half of the declared disasters reported in a recent survey conducted by Forrester
Legal Firms and the Struggle to Protect Sensitive DataKayla Catron
Survey results from the 2016 IT Disaster Recovery Planning and Preparedness Survey | Bluelock commissioned with ALM to asses the current state of the legal industry's IT disaster recovery (DR) preparedness, pressures and confidence.
Legal Firms and the Struggle to Protect Sensitive DataBluelock
Survey results from the 2016 IT Disaster Recovery Planning and Preparedness Survey | Bluelock commissioned with ALM to asses the current state of the legal industry's IT disaster recovery (DR) preparedness, pressures and confidence.
Process automation: What it means for the future of controllershipDeloitte United States
In a recent Deloitte Center for ControllershipTM poll of more than 1,700 finance, accounting and other professionals, 52.8 percent say their organizations plan digital controllership improvements—leveraging process automation, analytics and other technologies for financial and accounting processes—in the year ahead. Using finance and accounting robotic process automation (RPA) to increase efficiency and internal controls is the top priority for such efforts (34.7 percent). https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/finance-accounting-robotic-process-automation-priority-for-digital-controllership-2018-deloitte
Shutting down fraud, waste, and abuse: Moving from rhetoric to real solutions...Deloitte United States
Fraud, waste, and abuse in government benefits programs drain billions of taxpayer dollars. Now, new tools and techniques such as predictive analytics, behavioral economics, and collective intelligence offer agencies innovative ways to address the problem. Learn more about fraud, waste and abuse in government in our latest report: http://deloi.tt/2fkKEV0
EGW FYB Free Road Show Presentation 09-Feb-2012Andrew Thompson
The document discusses East Gippsland Water's implementation of an Enterprise Content Management System (ECMS) to improve records management. It provides an overview of the project timeline from 2008-2009, outlines the project team members, and describes initial staff training sessions on records keeping and how to use the new TRIM software. It also discusses developing a business classification scheme, the benefits of better records management including reduced costs from fewer lost or misfiled documents, and competitions held to encourage staff adoption of the new system.
Our annual Global Human Capital Trends report for 2018 showcases a profound shift facing leaders worldwide: The rapid rise of what we call the social enterprise. This shift reflects the growing importance of not only workforce satisfaction internally, but also connections to the external world, customers, partners, and society at large. What does this mean for human capital in government organizations? The rise of the social enterprise demands that the public sector bring a determined focus on building social capital by engaging with diverse stakeholders, accounting for external trends, devising strategies that manage new societal expectations, and creating a sense of mission and purpose throughout the entire organization.
Access the full report here: https://deloi.tt/2MDJUJM
Fight the good fight: Three lines of cyber defense working arm-in-arm Deloitte United States
The document summarizes the results of a Deloitte poll of C-suite executives about cybersecurity. The poll found that most executives expect boards to request more reporting on cybersecurity risk management effectiveness in the next 12 months. It also found that Chief Information Security Officers most commonly report to the CEO or Chief Compliance/Risk Officer. Across industries, confidence in cybersecurity programs was mixed, with most expressing some confidence but few expressing high confidence.
Analytics in financial services prez behavioral finance + data visualizatio...Fitzgerald Analytics, Inc.
1) Most investors make mistakes in decisions about risk versus return due to specific cognitive weaknesses. These mistakes can cost investors real money over time.
2) Research has provided an understanding of these cognitive weaknesses, such as not being good at math, myopic loss aversion, and not properly accounting for the benefits of diversification.
3) Nudges and alternative presentations of investment information, such as broad framing and focusing on long-term goals, can help reduce problems like loss aversion and result in better investment decisions over the long run.
4 “I wish I would haves” to avoid – Lease management and lease accountingDeloitte United States
The implications of companies not getting their lease accounting and lease management practices in order before new lease regulations take effect, or simply not getting prepared fast enough, could be serious. Don’t let yourself get caught saying any of these four things six months from now. www.deloitte.com/leasepoint
Governing the Data to Dollars Value Chain™ - Sept 2012 NYC Data Governance Co...Fitzgerald Analytics, Inc.
Data is the ultimate intangible asset: worthless is raw form, yet priceless when used well. Financial services companies depend on analytics to transform troves of data into business advantage, insight, and profits. Yet the ugly secret is that most analytics project fail to achieve their full potential, leaving millions of dollars in potential profits on the table.
Nearly half (47.1 percent) of discovery, legal and information technology professionals say their organizations have responded to at least one global litigation, regulatory, or investigative incident in the past year, according to a Deloitte poll. Just 21.9 percent said their organizations could conduct discovery and produce evidence within mandated timelines for those global matters.
250+ discovery (37.7 percent), IT (24.4 percent), in-house counsel (23.9 percent) and law firm professionals (14 percent) responded to questions during a Deloitte Dbriefs webcast, “Globalizing Discovery: A Systemic Approach,” on March 29, 2017. https://www2.deloitte.com/us/en/pages/dbriefs-webcasts/events/march/2017/dbriefs-globalizing-discovery-a-systemic-approach.html
While many businesses may welcome fewer government regulations, what’s often most important to them is simply to spend less time on reporting and compliance. A focus on improving the customer experience may offer a key to reducing friction costs in government-business interactions. https://dupress.deloitte.com/dup-us-en/industry/public-sector/relationship-between-government-and-business-customer-experience.html
HRG Chief Executive Officer, Steve Mccoy, will explore how a vendor uses off the shelf tools and internally developed programs to streamline workflow, minimize human intervention and to compensate for weaknesses in the Hospital Information System. Then overlay the entire process with the implementation of industry best practices.
5 Big Data stats that will convince your bossRedPixie
The document provides 5 statistics about big data to convince bosses of its importance:
1) Less than half of lagging organizations will benefit from big data by 2017.
2) 89% of users believe big data will revolutionize business like the internet.
3) Less than 0.5% of all data is ever analyzed and used.
4) Integrating big data could save healthcare $300 billion annually.
5) 65% of executives say their organizations risk irrelevance without embracing big data.
Data Disruption for Insurance - Perspective from thDataiku
This document discusses how data disruption is impacting the insurance industry. It describes how insurance companies have evolved from using internal demographic and agency data for pricing and underwriting to now integrating open data and real-time data streams. Examples discussed include how telematics data from devices in cars is now used for usage-based insurance. The document suggests that within 10 years, insurance may be offered as a platform where customer data is continuously collected and analyzed to price products, perform underwriting, and provide risk analytics services on a personalized, real-time basis. Entities like online advertising platforms that collect large amounts of user data may end up driving this user-based insurance model of the future.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
The document discusses how cognitive computing can help insurance companies overcome challenges in engaging customers, discovering insights, and making decisions. It notes that insurance companies face disruptive forces like digitization, rising customer expectations, and economic volatility. To navigate these challenges, successful insurers need to excel in customer engagement, discovering insights, and decision making. However, many insurers struggle to meet rising customer demands for personalized experiences and lack innovation capabilities. The document argues that cognitive computing can help insurers engage customers better, foster innovation, and make more accurate and timely decisions. A survey found that most insurance executives believe cognitive computing will disrupt their industry and plan to invest in the technology.
We explore a science-based approach to measuring, monitoring, and understanding trust to facilitate meaningful stakeholder engagement and drive sustainable business. This approach, called The Trust Index, is a key component of the altumINSIGHT platform developed by Attego ESG Impact Solutions, a division of RTI International. This presentation is an annotated version of the original, which was delivered at the 2017 Sustainable Brands New Metrics Conference.
On May 8, 2017, a Deloitte Dbriefs webcast titled “FAQs about the new FASB leases standard: You're not alone” polled more than 2,150 C-suite executives and other executives about lease accounting implementation. Nearly half (47.1 percent) are concerned about their organizations’ ability to implement on time.
The future of regulation: Principles for regulating emerging technologiesDeloitte United States
As emerging technologies drive new business and service models, governments must rapidly create, modify, and enforce regulations. The preeminent issue is how to protect citizens and ensure fair markets while letting innovation and businesses flourish. https://deloi.tt/2NaeMRD
Supply chain financial crime rates holding steady, but few tap blockchain to ...Deloitte United States
During the past five years, an average of 31.1 percent of respondents to annual Deloitte polls say their organizations have experienced supply chain financial crime—particularly fraud, waste or abuse—in the preceding year. Yet, in a 2018 poll, just 15.1 percent of respondents report their organizations are using (3.9 percent) or piloting (11.2 percent) blockchain to help mitigate financial crime risks in their supply chains. See more responses from over 2,430 professionals were polled online during a Deloitte Dbriefs webcast, titled “Supply chain forensics: New insights on fraud, waste and abuse,” on July 24, 2018.
As organizational reliance on third parties increases, extended enterprise ri...Deloitte United States
Recognizing that the greatest risk to the enterprise may come from outside the organization, a recent Deloitte poll revealed 70 percent of respondents indicated a moderate to high level of dependency on external entities that might include third, fourth or fifth parties. Also, nearly half (47 percent) of respondents said their organizations had experienced some sort of risk incident involving the use of external entities in the last three years. https://deloi.tt/2CiYnGK
This document provides a summary of a Sage 500 ERP webinar titled "Get the most out of Sage 500 ERP" that took place on July 26th. The webinar covered tips and best practices for maximizing the use of Sage 500 ERP software and modules. Presenters Russ Griffith and Carolyn Lucas from RKL eSolutions discussed features of Sage 500 like accounts payable processing, reports, and customizations. They also provided suggestions for workflows, system health, add-ons, and helpful links. The webinar concluded with a question and answer session.
Process automation: What it means for the future of controllershipDeloitte United States
In a recent Deloitte Center for ControllershipTM poll of more than 1,700 finance, accounting and other professionals, 52.8 percent say their organizations plan digital controllership improvements—leveraging process automation, analytics and other technologies for financial and accounting processes—in the year ahead. Using finance and accounting robotic process automation (RPA) to increase efficiency and internal controls is the top priority for such efforts (34.7 percent). https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/finance-accounting-robotic-process-automation-priority-for-digital-controllership-2018-deloitte
Shutting down fraud, waste, and abuse: Moving from rhetoric to real solutions...Deloitte United States
Fraud, waste, and abuse in government benefits programs drain billions of taxpayer dollars. Now, new tools and techniques such as predictive analytics, behavioral economics, and collective intelligence offer agencies innovative ways to address the problem. Learn more about fraud, waste and abuse in government in our latest report: http://deloi.tt/2fkKEV0
EGW FYB Free Road Show Presentation 09-Feb-2012Andrew Thompson
The document discusses East Gippsland Water's implementation of an Enterprise Content Management System (ECMS) to improve records management. It provides an overview of the project timeline from 2008-2009, outlines the project team members, and describes initial staff training sessions on records keeping and how to use the new TRIM software. It also discusses developing a business classification scheme, the benefits of better records management including reduced costs from fewer lost or misfiled documents, and competitions held to encourage staff adoption of the new system.
Our annual Global Human Capital Trends report for 2018 showcases a profound shift facing leaders worldwide: The rapid rise of what we call the social enterprise. This shift reflects the growing importance of not only workforce satisfaction internally, but also connections to the external world, customers, partners, and society at large. What does this mean for human capital in government organizations? The rise of the social enterprise demands that the public sector bring a determined focus on building social capital by engaging with diverse stakeholders, accounting for external trends, devising strategies that manage new societal expectations, and creating a sense of mission and purpose throughout the entire organization.
Access the full report here: https://deloi.tt/2MDJUJM
Fight the good fight: Three lines of cyber defense working arm-in-arm Deloitte United States
The document summarizes the results of a Deloitte poll of C-suite executives about cybersecurity. The poll found that most executives expect boards to request more reporting on cybersecurity risk management effectiveness in the next 12 months. It also found that Chief Information Security Officers most commonly report to the CEO or Chief Compliance/Risk Officer. Across industries, confidence in cybersecurity programs was mixed, with most expressing some confidence but few expressing high confidence.
Analytics in financial services prez behavioral finance + data visualizatio...Fitzgerald Analytics, Inc.
1) Most investors make mistakes in decisions about risk versus return due to specific cognitive weaknesses. These mistakes can cost investors real money over time.
2) Research has provided an understanding of these cognitive weaknesses, such as not being good at math, myopic loss aversion, and not properly accounting for the benefits of diversification.
3) Nudges and alternative presentations of investment information, such as broad framing and focusing on long-term goals, can help reduce problems like loss aversion and result in better investment decisions over the long run.
4 “I wish I would haves” to avoid – Lease management and lease accountingDeloitte United States
The implications of companies not getting their lease accounting and lease management practices in order before new lease regulations take effect, or simply not getting prepared fast enough, could be serious. Don’t let yourself get caught saying any of these four things six months from now. www.deloitte.com/leasepoint
Governing the Data to Dollars Value Chain™ - Sept 2012 NYC Data Governance Co...Fitzgerald Analytics, Inc.
Data is the ultimate intangible asset: worthless is raw form, yet priceless when used well. Financial services companies depend on analytics to transform troves of data into business advantage, insight, and profits. Yet the ugly secret is that most analytics project fail to achieve their full potential, leaving millions of dollars in potential profits on the table.
Nearly half (47.1 percent) of discovery, legal and information technology professionals say their organizations have responded to at least one global litigation, regulatory, or investigative incident in the past year, according to a Deloitte poll. Just 21.9 percent said their organizations could conduct discovery and produce evidence within mandated timelines for those global matters.
250+ discovery (37.7 percent), IT (24.4 percent), in-house counsel (23.9 percent) and law firm professionals (14 percent) responded to questions during a Deloitte Dbriefs webcast, “Globalizing Discovery: A Systemic Approach,” on March 29, 2017. https://www2.deloitte.com/us/en/pages/dbriefs-webcasts/events/march/2017/dbriefs-globalizing-discovery-a-systemic-approach.html
While many businesses may welcome fewer government regulations, what’s often most important to them is simply to spend less time on reporting and compliance. A focus on improving the customer experience may offer a key to reducing friction costs in government-business interactions. https://dupress.deloitte.com/dup-us-en/industry/public-sector/relationship-between-government-and-business-customer-experience.html
HRG Chief Executive Officer, Steve Mccoy, will explore how a vendor uses off the shelf tools and internally developed programs to streamline workflow, minimize human intervention and to compensate for weaknesses in the Hospital Information System. Then overlay the entire process with the implementation of industry best practices.
5 Big Data stats that will convince your bossRedPixie
The document provides 5 statistics about big data to convince bosses of its importance:
1) Less than half of lagging organizations will benefit from big data by 2017.
2) 89% of users believe big data will revolutionize business like the internet.
3) Less than 0.5% of all data is ever analyzed and used.
4) Integrating big data could save healthcare $300 billion annually.
5) 65% of executives say their organizations risk irrelevance without embracing big data.
Data Disruption for Insurance - Perspective from thDataiku
This document discusses how data disruption is impacting the insurance industry. It describes how insurance companies have evolved from using internal demographic and agency data for pricing and underwriting to now integrating open data and real-time data streams. Examples discussed include how telematics data from devices in cars is now used for usage-based insurance. The document suggests that within 10 years, insurance may be offered as a platform where customer data is continuously collected and analyzed to price products, perform underwriting, and provide risk analytics services on a personalized, real-time basis. Entities like online advertising platforms that collect large amounts of user data may end up driving this user-based insurance model of the future.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
The document discusses how cognitive computing can help insurance companies overcome challenges in engaging customers, discovering insights, and making decisions. It notes that insurance companies face disruptive forces like digitization, rising customer expectations, and economic volatility. To navigate these challenges, successful insurers need to excel in customer engagement, discovering insights, and decision making. However, many insurers struggle to meet rising customer demands for personalized experiences and lack innovation capabilities. The document argues that cognitive computing can help insurers engage customers better, foster innovation, and make more accurate and timely decisions. A survey found that most insurance executives believe cognitive computing will disrupt their industry and plan to invest in the technology.
We explore a science-based approach to measuring, monitoring, and understanding trust to facilitate meaningful stakeholder engagement and drive sustainable business. This approach, called The Trust Index, is a key component of the altumINSIGHT platform developed by Attego ESG Impact Solutions, a division of RTI International. This presentation is an annotated version of the original, which was delivered at the 2017 Sustainable Brands New Metrics Conference.
On May 8, 2017, a Deloitte Dbriefs webcast titled “FAQs about the new FASB leases standard: You're not alone” polled more than 2,150 C-suite executives and other executives about lease accounting implementation. Nearly half (47.1 percent) are concerned about their organizations’ ability to implement on time.
The future of regulation: Principles for regulating emerging technologiesDeloitte United States
As emerging technologies drive new business and service models, governments must rapidly create, modify, and enforce regulations. The preeminent issue is how to protect citizens and ensure fair markets while letting innovation and businesses flourish. https://deloi.tt/2NaeMRD
Supply chain financial crime rates holding steady, but few tap blockchain to ...Deloitte United States
During the past five years, an average of 31.1 percent of respondents to annual Deloitte polls say their organizations have experienced supply chain financial crime—particularly fraud, waste or abuse—in the preceding year. Yet, in a 2018 poll, just 15.1 percent of respondents report their organizations are using (3.9 percent) or piloting (11.2 percent) blockchain to help mitigate financial crime risks in their supply chains. See more responses from over 2,430 professionals were polled online during a Deloitte Dbriefs webcast, titled “Supply chain forensics: New insights on fraud, waste and abuse,” on July 24, 2018.
As organizational reliance on third parties increases, extended enterprise ri...Deloitte United States
Recognizing that the greatest risk to the enterprise may come from outside the organization, a recent Deloitte poll revealed 70 percent of respondents indicated a moderate to high level of dependency on external entities that might include third, fourth or fifth parties. Also, nearly half (47 percent) of respondents said their organizations had experienced some sort of risk incident involving the use of external entities in the last three years. https://deloi.tt/2CiYnGK
This document provides a summary of a Sage 500 ERP webinar titled "Get the most out of Sage 500 ERP" that took place on July 26th. The webinar covered tips and best practices for maximizing the use of Sage 500 ERP software and modules. Presenters Russ Griffith and Carolyn Lucas from RKL eSolutions discussed features of Sage 500 like accounts payable processing, reports, and customizations. They also provided suggestions for workflows, system health, add-ons, and helpful links. The webinar concluded with a question and answer session.
Altec is the leader in mid-market enterprise document management solutions. It's accounting centric products include Integrated Document Management (IDM) software, check disbursement software and customizable paper documents. Altec enables organizations to unleash the power of their financial software by enhancing productivity and communication among its customers, employees and suppliers.
2014 - ERP strategy - Case Study - E_____ D________Pulkit Bhatnagar
This document summarizes an internal presentation made to a printing company about selecting and implementing an ERP system. It provides background on the printing industry and the company. It analyzes the company's current challenges around inventory, profitability, production, sales, and IT systems. It then evaluates SAP Business ByDesign as a potential ERP solution and outlines plans for change management, implementation, and anticipated financial benefits including improved margins from better inventory and material planning.
RKL eSolutions hosted a presentation about migrating from Sage BusinessWorks. They discussed Sage's plans to continue supporting the product but designate it as "heritage". RKL then outlined migration options including running unsupported software, purchasing a new Sage solution now or later, or a competitive product. They described implementing a new solution as assessing current processes, converting master files and historical data, and automating workflows. RKL also mentioned trade-in incentives through Sage's investment protection plan that are available until June 30th for migrations to newer Sage products.
The document outlines a webcast hosted by RKL eSolutions and Concur that demonstrated Concur's integrated cloud and mobile platform for business travel, expense management, and invoice processing. The presentation highlighted how Concur streamlines workflows, provides insights into spending patterns, ensures compliance, and integrates with other business systems like ERP and payroll. Benefits of Concur included reducing costs, improving approval times, and providing greater visibility for planning and decision making.
A Comparison of Cloud based ERP SystemsNakul Patel
This document provides a comparison of 7 major cloud-based ERP software packages (Plex Online, NetSuite, Epicor, Infor, SAP Business ByDesign, Microsoft Dynamics, Oracle) by describing their features, pricing, support, and modules. It analyzes the advantages of cloud-based ERP systems like reduced costs, improved scalability, and faster implementation compared to on-site ERP. Common ERP modules discussed include finance, supply chain, manufacturing, materials management, sales, project management, CRM, and HRM.
Take Control of Your Fixed Assets ProcessNet at Work
This webinar discusses the risks of using spreadsheets to manage fixed assets and depreciation. It presents Sage Fixed Assets as a solution to eliminate these risks. Sage Fixed Assets integrates with Sage ERP systems to automate the fixed asset management process, including asset creation, depreciation calculation, and general ledger posting. This provides a complete solution and avoids errors common in manual spreadsheet-based processes. The webinar also covers best practices for other areas of fixed asset management like physical inventory, planning, and placing assets in service.
London Jaspersoft Community User Group Event 2 KETL presentationKETL Limited
This is the presentation given by Business Development Manager Helen Woodcock from KETL at the second London Jaspersoft Community User Group event. Exploring the importance of creating the right data quality KPIs in your data warehouse environment prior to focusing on BI reporting.
Sage Fixed Assets Accounting for Sage 100Net at Work
This webinar discusses Sage Fixed Assets software. It provides an overview of the key features and benefits of the software, including improved data integrity, fraud prevention, audit preparation, and compliance. The webinar reviews different versions of the software, reports, and additional modules for asset tracking and planning. Presenters are available to answer questions from webinar participants.
Risk Management Procedure And Guidelines PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck consists of total of forty eight slides. It has PPT slides highlighting important topics of Risk Management Procedure And Guidelines PowerPoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Global Compliance Associates (GCA) provides risk management consulting services to help clients improve their risk management programs and governance. GCA assesses clients' risk management maturity using its Risk Maturity Model diagnostic tool. GCA consultants have over 70 years of experience creating effective risk management frameworks. GCA's services include risk assessments, information security consulting, and advising boards on improving their oversight of risk management. The goal is to help clients better anticipate uncertainties, make informed decisions despite imperfect information, and avoid common risk management pitfalls like relying solely on averages.
In our rapidly changing healthcare environment, dentists need to understand not only what compliance requirements they need to meet, but how to use that compliance to strengthen their practice and build trust with patients.
The document discusses the significant costs organizations face when data is lost or leaked, including direct costs of remediation efforts that average $4.8 million per incident, as well as indirect costs such as lost business and opportunities that can total over $120 million for an organization with $1 billion in annual sales. It also outlines how the costs of a data leak are not a one-time expense and can negatively impact a company's finances and reputation for many years after the initial incident. Implementing a data loss prevention solution provides a clear return on investment by helping avoid the immense costs associated with data leaks and breaches.
Optimize supply chains using machine learning superpowers webinar deckTamrMarketing
Learn how to optimize your supply chain with “what-if analysis” and factor in all potential downstream implications of your rough-cut planning scenarios.
Watch the full presentation: https://www.tamr.com/supplychainsuperheros/
5 Most Common Challenges and the ultimate solution for Inventory Management...ITclan BD
⏹️Best Inventory For Your Business To Grow https://itclanbd.com/clanvent/
⏹️https://codecanyon.net/item/clanvent-inventory-management-system/34897071
✅ClanVent is an Inventory Management System that allows you to manage your inventory in a more efficient way and maximize on the business potentials
✅Dashboard Design (Dynamic Dashboard using diagrams such as line graph, bar chart, pie chart, etc.)
✅Multiple Warehouse (Option to manage multiple warehouse within the same organization)
✅Suppliers & Customers (User can manage both suppliers and customers)
✅Item Units & Variants (Includes all the standard units including variants)
✅User Permission & Role (Multi level User Management with individual screen permission)
✅Reports & Invoice (Complete MIS Reporting including Standard Invoicing)
✅Centralized Dashboard
✅Handy widgets
✅Shareable Links for Payment
✅Flexible Payment Options
✅Customized Invoicing
✅Complete Product Management
✅Warehouse & Supplier
✅Management
✅MIS Reporting
✅Single Click Data Export
⏹️Elegant Dashboard
✅Responsive & Interactive
✅Useful Widgets
✅Real Time Filtering
✅Efficient & Time Saving
⏹️User Management
✅User with Custom Roles
✅Update/Edit User Date
✅Role & Permission Management
✅Assign Role & Permission to Users
⏹️Warehouse Management
✅Create New Warehouse
✅Update/Edit Warehouse Data
✅Real Time Search
✅Export Warehouse Data
⏹️Product Management
✅Create New Product
✅Update/Edit/Delete Products
✅Product Category & Attributes
✅Export Product Info
⏹️Smart Invoicing
✅Create New Invoice
✅Generate Payment Link
✅Partial Payment Option
✅Export Invoice
⏹️Payment Gateway
✅Send Direct Payment Links
✅Flexible Payments Option
✅Cash, Electronic & Bank Transfer
✅Partial Payment
⏹️Useful Reports
⏹️Customer Management
⏹️System Settings
⏹️Payment Gateway Options
✅PayPal
✅Stripe
✅Electronic POS (Credit/Debit Card)
✅Bank Transfer
✅Cash
The document discusses the growing role of the Chief Data Officer (CDO) position. It notes that by 2017, half of banking/insurance firms and a third of Fortune 100 companies will have a CDO. CDOs face challenges around ensuring executive support, building data management frameworks, and monetizing data assets. The document outlines strategies CDOs can employ, such as accelerating analytics, adopting open source technologies, and governing data through metadata and quality processes. It positions Oracle as providing a complete data solution to help CDOs address these challenges.
Building the Information Governance Business Case Within Your CompanyAIIM International
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Sage FAS for Sage ERP
1. Sage Fixed Assets Webcast
To Join the Audio: 1-650-479-3207
Access Code: 668 759 939
Walt Goodfield
Michael Petrarca
July 16th 2015
Focused. On you.
3. Depreciation: Are spreadsheets putting your company at risk? 3
Depreciation:
Are spreadsheets
putting your
company at risk?
TBD– Sage Fixed Assets Solutions Engineer
Partner – Presenter contact
July 24, 2015
4. Depreciation: Eliminating the risks of
spreadsheets
4
Why shouldn’t I be using spreadsheets to manage my fixed
assets?
What are the risks?
What alternatives are available to me?
Depreciation: Are spreadsheets putting your company at risk?
5. Depreciation: Eliminating the risks of
spreadsheets
5
Agenda:
• Spreadsheet dangers
• Benefits of a dedicated fixed asset solution
• Managing the entire Fixed Asset Process
Depreciation: Are spreadsheets putting your company at risk?
6. 6
What do you mean
spreadsheet
dangers?
Depreciation: Are spreadsheets putting your company at risk?
7. 7
No Predevelopment Design
Spreadsheet dangers
No Documentation
Cell References
Manual Formulas
Manual Sorting
Version Control
No Audit Trail Manual Data Entry
Security Concerns
Fraud Concerns
Inconsistent Reporting
Worksheet Updates
Sarbanes-Oxley
Depreciation: Are spreadsheets putting your company at risk?
8. 24 July 2015 8Depreciation: Are spreadsheets putting your company at risk?
9. Data control
24 July 2015 9
• Spreadsheet knowledge tied to personnel
• Introduces the challenge of “version control”
• Minimal security and access control options
• Spreadsheets do not scale well with growing businesses
• Have to incorporate formulas for changing tax law by hand
Data control with spreadsheets is a headache. Here’s why:
Depreciation: Are spreadsheets putting your company at risk?
10. Data Integrity
•Bad reports
•Inaccurate asset values
•Inaccurate asset counts
•Bad budget info
•Bad depreciation calculations
10
Dirty data impacts multiple parts of the business
Depreciation: Are spreadsheets putting your company at risk?
11. Real world examples:
Eastman Kodak Company
“Eastman Kodak Company restated
financial results for the first and second
quarters by $2 million and $13 million,
respectively, due to an erroneous
spreadsheet that calculated severance
and special pension-related termination
benefits.”
11http://www.pcworld.com/article/127189/article.htmlDepreciation: Are spreadsheets putting your company at risk?
12. Real world examples:
RedEnvelope, Inc.
“Shares of RedEnvelope Inc. tumbled more than 25
percent . . . after the online retailer of specialty
gifts drastically reduced its fourth-quarter outlook”
Stanford Group analyst Rebecca Jones Kujawa said
in an interview. “ . . . they were underestimating
the cost of goods sold . . .” RedEnvelope
spokeswoman Jordan Goldstein said the budgeting
error was simply due to a number misrecorded in one
cell of a spreadsheet that then threw
off the cost forecast.
12http://www.eusprig.org/stories.htmDepreciation: Are spreadsheets putting your company at risk?
13. Spreadsheets kill data integrity
The facts:
• “64% of financial spreadsheets audited contained errors. Of those
spreadsheets with errors, they found ten had an error exceeding $100,000, six
over $10 million, and one in excess of $100 million.”1
• “AMR has repeatedly found that 65 percent of fixed asset data is incomplete,
inaccurate, or altogether missing, while 10 percent to 30 percent of fixed
assets are no longer owned.”2
• “30 to 90% of all spreadsheets tested suffer from at least one major user error.
In addition, none of the tests included spreadsheets with more than 200 line
items, where the probability of error approaches 100 percent.”3
131. http://panko.shidler.hawaii.edu/SSR/Mypapers/whatknow.htm 2.Data Validation the Best Practice for Data Quality in Fixed Asset
Management,” www.amrnow.com 3. 2007 study Tucks School of Business at Dartmouth College
14. 14
How can a fixed
asset solution
eliminate the risks
of spreadsheets?
Depreciation: Are spreadsheets putting your company at risk?
15. 15
What about
the rest of the
Fixed Asset
Process?
Depreciation: Are spreadsheets putting your company at risk?
16. Key Takeaways
• Spreadsheets are a good starting point… but
they are only that, a starting point.
• Spreadsheets have limited security control
options
• Creating reports by hand from spreadsheets is
time consuming and prone to error.
16Depreciation: Are spreadsheets putting your company at risk?
17. Contact RKL eSolutions for pricing, compatibility and consulting
review for your assets and depreciation needs.
East Coast West Coast
GLane@rklesolutions.com RRoselli@rklesolutions.com
717.735.1492 717.735.9131
Editor's Notes
Slide 1: Hello, my name is (XXX) and I am a Sales Engineer with the Fixed Assets team here at Sage Software. Thank you for taking the time to join us for today’s webinar on eliminating the cost of spreadsheets.
Slide 2: We hope to answer a number of questions in today’s presentation.
Slide 3: First we will spend some time discussing the dangers of using spreadsheets to manage your fixed assets using some real world examples and figures. Then we will talk through the benefits of using a dedicated fixed asset software solution and finish by discussing the entire fixed asset process.
Slide 4: So First, why is this topic important? You might be thinking to yourself “I’m using spreadsheets to manage my assets now, what should I be worried about?”
Slide 5: (14 clicks! Final click is picture! Slowly click through all 13 while reading script, matching final click to final sentence) Quite a lot actually. Spreadsheets are a common starting point for most businesses to begin managing their fixed assets. However, as time goes on your growing businesses needs expand, you add additional employees and the federal tax code continues to become more complex and all of the dangers of using excel become more and more apparent until it becomes a stressful source of major business challenges.
Slide 7: Keeping spreadsheets up to date can start as a simple process but can quickly grow into a time consuming burden as they do not scale well with growing businesses. As your business expands, spreadsheets become more complex, using various formulas and cell dependencies so you can work with your data. Unfortunately, this leads to one or two individuals being the spreadsheet knowledge holder. If these people leave the business and take that knowledge with them, it can have major impacts on productivity. Additionally, spreadsheets allow the problem of version control to surface. If there are multiple version of a spreadsheet being worked on, consolidation and deduplication of the data on each version can take more time than entering the data in the first place. Finally, spreadsheets offer minimal security and access control options, opening the door to dirty data due to lack of control.
So why does this matter? For a number of reasons. First, Bad data. Bad data means bad reports, and bad reports mean bad strategic business decisions. Next, if you do not have a accurate asset counts and value, you may be over paying on taxes and property insurance. Further, if you have bad asset counts, you may find that you don’t have a business critical asset on hand when it is needed. If you don’t know the value and condition of your existing assets, your budgets may be inadequate as you don’t know what needs to be replace soon. Finally, as mentioned before, feeding bad data into your depreciation solution can lead to bad calculations and non-compliant tax entries.
Slide 9: So what do these challenges mean to your business? Well, let’s examine some real world examples of how the Dangers of spreadsheets have impacted other businesses, starting with Eastman Kodak. A miscalculation on Kodak’s spreadsheets forced them to have to restate their financial results due to a $13 million dollar error.
Slide 10: A similar situation occurred with RedEnvelope, Inc. An error in one single cell of a spreadsheet led to a 25% drop in share prices due to miscalculating their budgets and cost of goods sold.
Slide 12: Long story short, the lack of control and data integrity offered by spreadsheets is downright dangerous! A study by tucks school of business found that out of a selection of audited spreadsheets, 64% had errors, 7 of which exceeded $10million dollars. The Asset Management Resources group has been assisting their client’s asset accounting efforts since 1989. AMR’s research shows that 65 percent of fixed asset data is incomplete, inaccurate, or altogether missing, while 10 percent to 30 percent of fixed assets on the books are no longer owned. Finally, The Spreadsheet Research group found that 30 to 90 percent of all spreadsheets tested suffer from at least one major user error. In addition, none of the tests included spreadsheets with more than 200 line items, where the probability of error approaches 100 percent.
Slide 13: So how can you overcome the costs of spreadsheets? One way is to use solution specifically designed to manage fixed assets, so let’s take a closer look at how Sage Fixed Assets solution can make excel headaches a thing of the past. Demo Depreciation
Slide 18: So, as you have seen, a dedicated fixed asset software solution can make spreadsheet woes a thing of the past. But, there is more to asset management than just depreciation