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3 Opportunities to Improve Contract Performance By Leveraging Regulatory Compliance

Apr 18th, 2011
by mpodowitz.
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Many companies already leverage early-pay discount terms with their vendors (and those who don’t, should!), but this is just the tip of the iceberg. Within their compliance function, many companies already have the capabilities and tools in place they need to  of potential opportunities to improve performance of contracts with their customers and suppliers.

The IT Value Challenge’s author makes the case to do so and shares how to get started in a new byline article on CorporateComplianceInsights.com.

To read the article click here or visit CorporateComplianceInsights.com.

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A Case for Voluntary Regulatory Compliance

Mar 7th, 2011
by mpodowitz.
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Voluntarily taking on even more compliance requirements may seem counterintuitive, but doing so strategically can create real value for the company, help re-brand compliance from a cost center to a value center, and protect compliance budgets when times get tough.

The IT Value Challenge’s author makes the case to do so and shares how to get started in a new byline article on CorporateComplianceInsights.com.

To read the article click here or visit CorporateComplianceInsights.com.

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A Value Case for FCPA Compliance

Feb 8th, 2011
by mpodowitz.
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Many companies choose to invest significant time, effort and money into Foreign Corrupt Practices Act (FCPA) compliance because they fear the consequences of failure to comply. The good news is that FCPA compliance can have an upside: creating value for the business.

In a new byline article on CorporateComplianceInsights.com, the IT Value Challenge’s author shares three ways to leverage FCPA compliance to creatve value for the enterprise and getter a better return on those frequently mandatory investments.

To read the article click here or visit CorporateComplianceInsights.com.

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Making the most of Continuous Controls Monitoring investments

Aug 12th, 2010
by mpodowitz.
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Despite the steep costs of implementing Continuous Controls Monitoring (CCM), AMR Research reports that it will be one of the top three GRC investment areas of 2010. GRC executives must maximize the value of this significant investment to justify increased GRC spending going forward.

Many IT departments have, or will, be challenged to make significant investments in CCM technology in 2010 and 2011. There are opportunities for IT to work with Governance, Risk and Compliance groups to maximize the return on those investments and extend the core capabilities of CCM technologies to create value elsewhere in the business. By doing so, IT can demonstrate additional value and help justify other technology-enabled process improvements as well.

To read the article click here or visit CorporateComplianceInsights.com.

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Leveraging the Internal Audit Investment

Jun 28th, 2010
by mpodowitz.
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Despite the critical role it can play in a company’s GRC efforts, the Internal Audit function traditionally is considered a necessary cost that is justified solely in terms of risk avoidance.  To maintain funding to operate and enhance the Internal Audit function, GRC executives must shift the Internal Audit focus from “risk” to “value.”

The challenge for the Internal Audit function to shift its focus from “risk” to “value” also spells opportunity for IT. Many IT functions have already been tasked with making investments in and implementing technology to enhance the efficiency of the Internal Audit process. By working with Internal Audit to find ways to leverage those technology investments to create value, rather than just manage risk, IT can breathe new life into old technology investments and help justify new ones as well.

To read the article click here or visit CorporateComplianceInsights.com.

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Making the Value Case for Enterprise Risk Management

May 27th, 2010
by mpodowitz.
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The challenge for executives advocating implementation of or improvements to enterprise risk management (ERM) is to look beyond risk and make the case that an efficient and effective ERM program can create a positive, tangible impact on the top or bottom line.

Many IT departments already are familiar with ERM as IT often features in enterprise risk analyses as a cause of enterprise risk. However, IT can also be a primary source of solutons — both in terms of the ERM process as well as the improvement of enterprise risk positions. Executives seeking inspiration for opportunities to increase IT value through addressing key business needs should take a close look at how they can help make the value case for ERM.

Read the full article here or visit www.corporatecomplianceinsights.com.

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Selling the GRC Value Proposition Using the Management Consultants’ Playbook

May 6th, 2010
by mpodowitz.
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Management consultants sell billions of dollars of projects every year, even in a down economy. The IT Value Challenge’s author advises GRC executives about how they can take a page from this playbook to get GRC projects the attention and funding they deserve.

What does this have to do with The IT Value Challenge?  As with any business process transformation effort, IT will play a critical role and represents a signficant opportunity for most companies to leverage existing IT assets (particularly business intelligence and document management systems — more on that in future articles) and realize even greater returns on those significant investments.  Fertile ground for IT executives seeking to win the IT value challenge…

Click here to read the article or visit CorporateComplianceInsights.com.

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