Leveraging Sarbanes-Oxley (SOX) to Build Better Practices

Size: px
Start display at page:

Download "Leveraging Sarbanes-Oxley (SOX) to Build Better Practices"

Transcription

1 Leveraging Sarbanes-Oxley (SOX) to Build Better Practices Powering Strategies and Managing Risks Using SOX compliance to build disciplined, repeatable, and auditable practices. Running a successful business just got a lot more complicated for many publicly traded and GAAP-compliant organizations. Fraud and mismanagement by executives of highly visible public companies such as Enron, Tyco, WorldCom, Global Crossing and others have created an atmosphere of executive mistrust. At the same time, many Internet Companies had spectacular failures that drove the technology stock market into a tail spin. As a response, the Sarbanes-Oxley (SOX) Reform Act, passed into federal law in 2002, has created new federal requirements for the way publicly-held companies report their finances. It has also made non-compliance into a personal risk for the CXOs and the executives of the organization, who face fines and jail time. (See page 2) PlanView Portfolio Management which includes governance processes, workflow, financial tracking, and auditable decision trails is becoming a key tool to manage risks and regulatory compliance for SOX and other requirements. The only way for executives to mitigate Some SOX Imperatives An audit trail of decisions Faster financial reporting Attesting to internal control structures Improved project success rate A portal to track the SOX compliance project itself What PlanView Portfolio Management Offers PlanView uses a stage/gate technique to track and manage new opportunities from the investment analysis stage, to the project/program stage, and on to the stage where the deliverables are deployed as assets. At each decision gate, PlanView records an audit trail showing: date, decision, ID of decision-maker, notes, as well as the previous and the following decisions. PlanView speeds and supports investment and portfolio decisions with PlanView PRISMS for IT Governance. PRISMS are real-time processes deployed within PlanView software. PlanView tracks labor and costs on projects and other work down to the task level, if required. Tracking at the phase level supports capitalization reports as required by GAAP SOP Create simple reports in PlanView or export to almost any ERP, financial software, HR, etc. PlanView s integrated time and expense tracking have been shown to reduce time for chargeback reports and billing by an average of 4.0 weeks (Aberdeen PSA User Survey, 2001) PlanView delivers software and processes for enterprise portfolio management, including control structures such as lifecycle roles, workflow automation, collaborative portals, content templates and more. Process architects at customer sites tailor new processes and templates as needed. Using PlanView s investment analysis helps organizations align new work with business strategies. Formal work initiation processes ensure that only the right work gets started. PlanView manages changes and issues with formal risk escalation and management; also auditable and also integrated with portfolio management. Less risk = more project success. PlanView not only supports SOX compliance, it s becoming a key solution for managing the SOX compliance project. All managers, team members, and associates access real-time status via a PlanView portal. PlanView helps you optimize the performance of your organization and maximize productivity from your resources. PlanView Web Software is the world leader in web-based, integrated portfolio, project and resource management tools and processes. Headquarters are in Austin, Texas USA (tel ), with offices across the USA, in the UK and Ireland (Tel ), Italy (Tel ), France (Tel ), Benelux (Tel ), and the rest of Europe (Tel ).

2 SOX in a Nutshell: Personal Liability, the Audit Trail & Fast, Fast, Fast The Sarbanes-Oxley (SOX) package of reforms signed into law 2002 through 2003 defines personal liabilities for the CEO and CFO and requires a digital audit trail of financial decisions. The act which affects all publicly traded companies with a market capitalization of over $75-million (under $75M get an extra year) includes the following: Quarterly reporting must be done in 35 days compared to the previous 45 days. Annual reporting must be done in 60 days compared to the previous 90 days. Significant events must be reported in plain English and within 2 days compared to the previous 5 to 15 days. The CEO and CFO are required to verify the effectiveness of the financial controls they use to keep auditors up to date. The impact of not complying: personal fines of up to $1 million and up to 10 years in prison, or both. If a CEO or CFO is found to be willfully misleading, the fine goes to $5 million and up to 20 years in prison or both. Other parts of the act address the liabilities of accounting firms. Achieving the agile or real-time enterprise has been a key business strategy for the past several years because it can lead to higher revenues and market share. Now it s seen as a way to fight risk. Executives have developed a keen focus on business risks because they are being held personally responsible by the government, stockholders and employees for the results of their business decisions. The only way for executive to mitigate their risks is to use IT to power business processes that operate in near real-time, that are repeatable and auditable. Sarbanes-Oxley is providing the impetus for a series of compliance issues related to IT. CEOs and CFOs are now required to attest that annual and quarterly financial reports contain no material errors or omissions. With their own necks suddenly on the line, these executives are scrambling to make sure their systems are more timely and accurate. Short of giving a blank cheque to IT, CEOs should be more willing to sign off costly overhauls of their existing financial reporting, budgeting, and supporting business intelligence systems. Computer Business Review, May 2003 their risks is to empower business processes that operate in near real-time, that are repeatable and auditable. IT is the engine that drives business processes, so the IT group has now been made even more critical to the well-being of the CXO. While at the same time, the CIO is getting more visibility at the board level and must justify and support his or her technology decisions in business terms. PlanView would like to offer some thoughts on how to go beyond mere SOX compliance. The idea behind the SOX reforms is to establish a broad, digital paper trail to prove the corporate financial reports are open and honest. Yet SOX is the tip of a much broader effort to use IT to improve business processes. In one 2003 study by the Meta Group, 65% of the respondents are seeking to use SOX to achieve process enhancements to improve efficiency and competitive advantage. Only 20% were focused merely on compliance. As PlanView customers are doing, implementing governance processes, work initiation processes, investment analysis, and just-in-time mentoring can help your organization elevate your business processes to a competitive advantage. The CIO Impact: Technology + Business Issues IT expenditures can no longer be justified on their technical merit alone; they have to be justified in clear business terms. IT expenditures are now as intensely scrutinized as any other expense, and a backlash is partly to blame. Many senior executives who authorized large IT capital expenditures in the boom years now have the impression that IT organizations are wasteful, willful and need to be controlled. This has driven the CIO to look for greater understanding of business strategies and strategic alignment. In some cases the CIO is evolving into the owner of the organization s strategic processes. Titles like CIO and VP of Strategy are growing common in companies where IT acts as the engine of corporate growth. The result? IT governance processes are becoming essential not only to the advancement of the CIO, but to the survival of the corporation. Sarbanes-Oxley Paper p. 2

3 PlanView uses a stage/gate structure for workflow and internal control of projects Distribute Decisions Through Governance IT Governance is defined as repeatable, disciplined and auditable methods of decision-making, communicating, performing and delivering real benefits to the organization. It integrates strategic decision-making with the work and resource management in a consistent, auditable workflow to give a comprehensive picture to everyone with a vested interest in the process. Some of the key components of IT Governance are: Apply a work initiation process to focus resources on the right work. Clarify investment decisions by analyzing risks and dependencies before funding and then clearly communicate the results. Measure portfolios of work and resources to make early decisions about their performance to eliminate non-productive work and realign resources. Plan to the capacity of the organizational resources to align the workforce with the pipeline of projects, service requests and on-going work. Execute all work to a high standard of quality and eliminate surprises by collaborating across the enterprise during execution and managing changes and risks. Assure the work really delivers the promised benefits to the organization and capture knowledge about best practices and resource performance. Converging Trends Improving corporate processes will reduce risk, and meet the real business needs of saving costs and improving productivity, while also supporting the internal control structures required by SOX regulations. Some organizations look at regulatory requirements and believe they can be satisfied just by giving executives more information. They are missing the point, or are at least far behind the power curve. Compliance comes from management decisions being made based on disciplined, repeatable and auditable processes. IT governance is how technology becomes the pedal that accelerates business strategies. Managing business strategies & risks and IT governance are on converging paths. IT is the only way to meet the speed, accuracy, repeatability and auditability that are required in business processes. IT is the engine of corporate processes. PlanView Portfolio Management Our solution provides a set of IT governance processes that nest within internal control processes of the whole organization. PlanView s IT Governance includes initializing, scoping, ranking, prioritizing, resource planning and monitoring of projects, service work, and standard activities through portfolios. Our portfolio management software uses a web-based application infrastructure which Continued on page 6 p.3

4 PlanView portfolio management includes time-phased cost & benefit forecasting & tracking, lifecycle workflow with role assignments, full-featured document management, investment analysis and more. Sarbanes-Oxley Paper p. 4

5 PlanView s Audit Trails Incorporate Organizational Roles Role Description Governance Board (GB) Project Management Office (PMO) Investment Owner (IO) Customer (Customer) Executive Sponsor (ES) Project Manager (PM) Resource Manager (RM) Project Team (PT) Financial Manager (FM) Business Analyst (BA) Executive management sets the governance process, which varies by the investment type, size of investment and other key factors. PlanView s default set-up includes three governance boards depending on the investment classification Local, Group and Strategic since strategies are different for each one. The Project Management Office (PMO) is responsible for setting and encouraging standards and acting as an agent for the governance board for lifecycle steps before the project manager is assigned. The investment owner decides which investments to fund and is responsible for tracking performance and adjusting the portfolio of investments based on changes in strategy, performance, market conditions, etc. The customer initializes the investment request and is responsible for defining basic request information. Customers can be internal LOBs or external. The executive sponsor reviews the goals of the project and is the authority for scope changes, risk planning and changes to the deliverables. The project manager is responsible for the planning and execution of the project. The resource manager is responsible for supplying skilled resources to meet work requirements. The project team includes all lifecycle roles associated with the project. The financial manager is responsible for confirming the funding for projects is within organizational guidelines and is properly identified in the organization s accounts. The business analyst is responsible for reviewing the project definition and completing the appropriate documents to guide the governance board on the project scope. p.5

6 has core functionality for work initiation, workflow, content management, collaboration, configurable portals and business intelligence to deliver a broad range of functionality including: project management, service management, resource management, time & expense tracking, strategic management, investment analysis, performance tracking and financial forecasting. PlanView s PRISMS for IT are governance processes that include workflows, best practices, collaboration, content documents, manager tools and more. You can implement the processes, modify them to your unique needs or automate your own methods with the PlanView process architecture tools. The processes are a part of software and services that automates the delivery of mature, proven solutions. Giga Group reports in 2003 estimated that a 20% process improvement can reap productivity improvements of up to 80%. PlanView offers tools and pre-built processes to improve your own business processes by making them consistent, repeatable, disciplined and auditable. You reduce executive liability to stockholder or regulatory reviews and improve organizational performance. Create Real Value With PlanView A large cross-section of the organization will typically be involved in SOX compliance. PlanView helps you speed your decision cycle with access to repeatable methods, real-time metrics and information at the level of detail each user wants and needs. The results: Costs are controlled Redundant work is identified and eliminated Dependencies are clarified and managed Risks are recognized and mitigated Staff is focused on the right work PlanView Portfolio Management Software integrates a set of governance processes into a single application infrastructure to provide strategic management, project & service management and resource management. Through the PlanView solution, individual Manage SOX compliance in its own project portal in PlanView. projects, service requests and on-going work are managed in context of the overall organizational strategies. Resource demands can be forecasted and capacities evaluated for staff, capital and other resources. Projects and service are linked into portfolios to evaluate their larger impact on strategies for programs, products, initiatives and more. Investment decisions are based on concise, repeatable models to focus resources on the right work. Resource overloads and under-utilization are addressed with real-time information to optimize resource usage. Your governance processes are encouraged and monitored by PlanView software. Time and expenses are managed and tracked down to the task level for reporting and chargeback. Documents, tools, notifications and information are delivered to the appropriate person at the appropriate time through workflow. Real-time performance information is shared across the organization. For more information, additional PlanView Position Papers, or to see a demo, please contact us at In the U.S. Tel: p.6 Copyright 2003 PlanView, Inc. All rights reserved. Level I document. Version 2003-September-18. PlanView is a registered trademark of PlanView, Inc. PRISMS, Scoreboard and HomeView are trademarks of PlanView Inc. All other trademarks are acknowledged. PlanView may vary the specifications and availability of these products and services without notice.

Investment Owner: Any idea of our exposure if we start this project?

Investment Owner: Any idea of our exposure if we start this project? Investment Owner: Any idea of our exposure if we start this project? Resource Manager: I need at least rough-cut estimates early to ensure the right skills will be available. PlanView gives you control

More information

Seven Reasons to Use PlanView for Timesheets

Seven Reasons to Use PlanView for Timesheets Seven Reasons to Use PlanView for Timesheets Background Business professionals often face the tough job of choosing the right timesheet system for their enterprise. The wrong system can lead to lost productivity,

More information

Comply, Improve, Transform: Regulatory Compliance Management for Software Development. Jim Duggan

Comply, Improve, Transform: Regulatory Compliance Management for Software Development. Jim Duggan Comply, Improve, Transform: Regulatory Compliance Management for Software Development Jim Duggan You Can Offset the Costs of Compliance! Complexity Drives Cost UP Sarbanes-Oxley HIPAA EPA Basel II M&A

More information

engage. empower. evolve. SARBANES-OXLEY COMPLIANCE

engage. empower. evolve. SARBANES-OXLEY COMPLIANCE engage. empower. evolve. SARBANES-OXLEY COMPLIANCE engage. empower. evolve. OVERVIEW OF THE SARBANES-OXLEY ACT The Sarbanes-Oxley Act of 2002 is the single most important piece of legislation affecting

More information

project portfolio management Effectively plan, manage, and control projects and resources Planview Enterprise Planview Project Portfolio Management

project portfolio management Effectively plan, manage, and control projects and resources Planview Enterprise Planview Project Portfolio Management project portfolio management Effectively plan, manage, and control projects and resources Planview Project Portfolio Management gives you the tools you need to effectively manage projects and resources

More information

How do you manage the growing complexity of software development? Is your software development organization as responsive to your business needs as

How do you manage the growing complexity of software development? Is your software development organization as responsive to your business needs as How do you manage the growing complexity of software development? Is your software development organization as responsive to your business needs as it could be? Borland Core SDP enables your IT organization

More information

Transforming IT Project Portfolio Management Through Cloud Integration

Transforming IT Project Portfolio Management Through Cloud Integration WHITE PAPER Transforming IT Project Portfolio Management Through Cloud Integration How Progressive IT Organizations Are Facilitating Improvements and Innovations from IT Governance through Integration

More information

agility made possible

agility made possible SOLUTION BRIEF CA IT Asset Manager how can I manage my asset lifecycle, maximize the value of my IT investments, and get a portfolio view of all my assets? agility made possible helps reduce costs, automate

More information

Service Portfolio Management PinkVERIFY

Service Portfolio Management PinkVERIFY -11-G-001 General Criteria Does the tool use ITIL 2011 Edition process terms and align to ITIL 2011 Edition workflows and process integrations? -11-G-002 Does the tool have security controls in place to

More information

Integration Time, expense, cost, billing and work process data collected and approved in Tenrox software can be exchanged with:

Integration Time, expense, cost, billing and work process data collected and approved in Tenrox software can be exchanged with: Tenrox Solutions Integrated Operational Control & Compliance Software Tenrox develops, licenses and supports award-winning solutions for workforce management, time and billing, expense reporting, invoicing/charge

More information

Compliance Management, made easy

Compliance Management, made easy Compliance Management, made easy LOGPOINT SECURING BUSINESS ASSETS SECURING BUSINESS ASSETS LogPoint 5.1: Protecting your data, intellectual property and your company Log and Compliance Management in one

More information

ITIL V3 AND THE SERVICE LIFECYCLE PART I THE MISSING COMPONENT

ITIL V3 AND THE SERVICE LIFECYCLE PART I THE MISSING COMPONENT ITIL V3 AND THE SERVICE LIFECYCLE PART I THE MISSING COMPONENT PLANVIEW INC. BACKGROUND IT departments continually have tremendous demands placed on them to manage new initiatives, projects, incidents,

More information

How Technology Supports Project, Program and Portfolio Management

How Technology Supports Project, Program and Portfolio Management WHITE PAPER: HOW TECHNOLOGY SUPPORTS PROJECT, PROGRAM AND PORTFOLIO MANAGEMENT SERIES 4 OF 4 How Technology Supports Project, Program and Portfolio Management SEPTEMBER 2007 Enrico Boverino CA CLARITY

More information

Key Benefits of Microsoft Visual Studio Team System

Key Benefits of Microsoft Visual Studio Team System of Microsoft Visual Studio Team System White Paper November 2007 For the latest information, please see www.microsoft.com/vstudio The information contained in this document represents the current view

More information

SOLUTION BRIEF CA SERVICE MANAGEMENT - SERVICE CATALOG. Can We Manage and Deliver the Services Needed Where, When and How Our Users Need Them?

SOLUTION BRIEF CA SERVICE MANAGEMENT - SERVICE CATALOG. Can We Manage and Deliver the Services Needed Where, When and How Our Users Need Them? SOLUTION BRIEF CA SERVICE MANAGEMENT - SERVICE CATALOG Can We Manage and Deliver the Services Needed Where, When and How Our Users Need Them? SOLUTION BRIEF CA DATABASE MANAGEMENT FOR DB2 FOR z/os DRAFT

More information

PM Services. Portfolio Strategy, Design and Build

PM Services. Portfolio Strategy, Design and Build PM Services Portfolio Strategy, Design and Build Portfolio Strategy, Design and Build PM Services consultants will design an effective portfolio management system and works closely with client management

More information

Outperform Financial Objectives and Enable Regulatory Compliance

Outperform Financial Objectives and Enable Regulatory Compliance SAP Brief Analytics s from SAP SAP s for Enterprise Performance Management Objectives Outperform Financial Objectives and Enable Regulatory Compliance Drive better decisions and streamline the close-to-disclose

More information

The Core of V3 Service Strategy

The Core of V3 Service Strategy Integriertes Risk und Compliance Management als Elemente einer umfassenden IT-Governance Strategie Ing. Martin Pscheidl, MBA, MSc cert. IT Service Manager Manager, Technical Sales CA Software Österreich

More information

AV-20 Best Practices for Effective Document and Knowledge Management

AV-20 Best Practices for Effective Document and Knowledge Management Slide 1 AV-20 Best Practices for Effective Document and Knowledge Management Douglas J. Vargo Vice President, Information Management Practice 2013 Invensys. All Rights Reserved. The names, logos, and taglines

More information

CIO Alert: How You Should Prepare for Sarbanes-Oxley

CIO Alert: How You Should Prepare for Sarbanes-Oxley IGG-10012003-03 R. Mogull, D. Logan, L. Leskela Article 1 October 2003 CIO Alert: How You Should Prepare for Sarbanes-Oxley Sarbanes-Oxley is the most sweeping legislation to affect publicly traded companies

More information

A discussion of information integration solutions November 2005. Deploying a Center of Excellence for data integration.

A discussion of information integration solutions November 2005. Deploying a Center of Excellence for data integration. A discussion of information integration solutions November 2005 Deploying a Center of Excellence for data integration. Page 1 Contents Summary This paper describes: 1 Summary 1 Introduction 2 Mastering

More information

Cloud PPM for Project-centric Service Organizations

Cloud PPM for Project-centric Service Organizations Cloud PPM for Project-centric Service Organizations Heidi Zee, Managing Partner & CEO, Frontera Consulting Kevin Beyer, Managing Partner of Global Fusion Services, Frontera Consulting Fiona Purves, Strategy

More information

ENTERPRISE MANAGEMENT AND SUPPORT IN THE TELECOMMUNICATIONS INDUSTRY

ENTERPRISE MANAGEMENT AND SUPPORT IN THE TELECOMMUNICATIONS INDUSTRY ENTERPRISE MANAGEMENT AND SUPPORT IN THE TELECOMMUNICATIONS INDUSTRY The Telecommunications Industry Companies in the telecommunications industry face a number of challenges as market saturation, slow

More information

Accolade. Decision Support for the Business of Product Development. Knowledge-Powered Solutions to Maximize Returns on Product Development Investments

Accolade. Decision Support for the Business of Product Development. Knowledge-Powered Solutions to Maximize Returns on Product Development Investments Accolade Decision Support for the Business of Product Development Knowledge-Powered Solutions to Maximize Returns on Product Development Investments Accolade...your total PD solution. The landscape is

More information

Buried Beneath the AP Paper Crush?

Buried Beneath the AP Paper Crush? Buried Beneath the AP Paper Crush? Simple Steps for Automating Invoice Workflow and Approval within Oracle JD Edwards Environments As seen in Quest Q&A TM Magazine Fall 2007 Issue Today s accounts payable

More information

Contracts Management Software as a Tool for SOX Compliance

Contracts Management Software as a Tool for SOX Compliance Contracts Management Software as a Tool for SOX Compliance White Paper (281) 334-6970 sales@prodagio.com www.prodagio.com In 2002, following the scandals involving corporations such as Enron, WorldCom,

More information

COMPUWARE CHANGEPOINT

COMPUWARE CHANGEPOINT COMPUWARE CHANGEPOINT Professional Services Automation (PSA) Compuware Changepoint PSA provides a single business management solution designed specifically to automate and integrate the processes of services

More information

Software Asset Management on System z

Software Asset Management on System z Software Asset Management on System z Mike Zelle Tivoli WW IT Asset Management Marketing SAM in SHARE Project Manager mzelle@us.ibm.com Agenda Why Software Asset Management (SAM) The Discipline of Software

More information

LANDesk Service Desk. Outstanding IT Service Management Made Easy

LANDesk Service Desk. Outstanding IT Service Management Made Easy LANDesk Service Desk Outstanding IT Service Management Made Easy Deliver Outstanding IT Services to Employees, Citizens and Customers LANDesk Service Desk enables organizations to deliver outstanding IT

More information

Big Data Industry Approaches to Operational Excellence

Big Data Industry Approaches to Operational Excellence Big Data Industry Approaches to Operational Excellence The Value of Big Data in the Power and Utilities Industry Overview Evolving systems and infrastructure to meet the needs of 21 st century demands

More information

CA HalvesThe Cost Of Testing IT Controls For Sarbanes-Oxley Compliance With Unified Processes.

CA HalvesThe Cost Of Testing IT Controls For Sarbanes-Oxley Compliance With Unified Processes. TECHNOLOGY BRIEF: REDUCING COST AND COMPLEXITY WITH GLOBAL GOVERNANCE CONTROLS CA HalvesThe Cost Of Testing IT Controls For Sarbanes-Oxley Compliance With Unified Processes. Table of Contents Executive

More information

ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY

ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY The Industrial Machinery and Components Industry Manufacturers in the industrial machinery and components (IM&C) industry

More information

How to Ensure IT Compliance Without Compromising Innovation. Nik Teshima, IBM Phil Odence, Black Duck

How to Ensure IT Compliance Without Compromising Innovation. Nik Teshima, IBM Phil Odence, Black Duck How to Ensure IT Compliance Without Compromising Innovation Nik Teshima, IBM Phil Odence, Black Duck Black Duck 2013 Speakers Phil Odence VP of Business Development Black Duck Software Nik Teshima Senior

More information

SOLUTION BRIEF: CA IT ASSET MANAGER. How can I reduce IT asset costs to address my organization s budget pressures?

SOLUTION BRIEF: CA IT ASSET MANAGER. How can I reduce IT asset costs to address my organization s budget pressures? SOLUTION BRIEF: CA IT ASSET MANAGER How can I reduce IT asset costs to address my organization s budget pressures? CA IT Asset Manager helps you optimize your IT investments and avoid overspending by enabling

More information

What Should IS Majors Know About Regulatory Compliance?

What Should IS Majors Know About Regulatory Compliance? What Should IS Majors Know About Regulatory Compliance? Working Paper Series 08-12 August 2008 Craig A. VanLengen Professor of Computer Information Systems/Accounting Northern Arizona University The W.

More information

Stakeholder management and. communication PROJECT ADVISORY. Leadership Series 3

Stakeholder management and. communication PROJECT ADVISORY. Leadership Series 3 /01 PROJECT ADVISORY Stakeholder management and communication Leadership Series 3 kpmg.com/nz About the Leadership Series KPMG s Leadership Series is targeted towards owners of major capital programmes,

More information

InforCloudSuite. Business. Overview INFOR CLOUDSUITE BUSINESS 1

InforCloudSuite. Business. Overview INFOR CLOUDSUITE BUSINESS 1 InforCloudSuite Business Overview INFOR CLOUDSUITE BUSINESS 1 What if... You could implement a highly flexible ERP solution that was built to manage all of your business needs, from financials and human

More information

Project Management Office: Seeing the Whole Picture

Project Management Office: Seeing the Whole Picture Cloud Solutions for IT Management WHITE PAPER Project Management Office: Seeing the Whole Picture Project Portfolio Management gives PMOs the tools and techniques to get lean in lean times. Executive Summary

More information

Cisco Unified Communications and Collaboration technology is changing the way we go about the business of the University.

Cisco Unified Communications and Collaboration technology is changing the way we go about the business of the University. Data Sheet Cisco Optimization s Optimize Your Solution using Cisco Expertise and Leading Practices Optimizing Your Business Architecture Today, enabling business innovation and agility is about being able

More information

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material,

More information

IT Governance. Key Initiative Overview

IT Governance. Key Initiative Overview Michael Gerrard Research Vice President and Distinguished Analyst IT governance addresses two major topics: demand governance ( doing the right things ) and supply-side governance ( doing things right

More information

8 Tips for Winning the IT Asset Management Challenge START

8 Tips for Winning the IT Asset Management Challenge START Tips for Winning the IT Asset Management Challenge START A successful IT Asset Management (ITAM) program can help you lower your costs and increase your asset utilization. You benefit by avoiding unplanned

More information

Implementing a Project Portfolio Management (PPM) Solution. Sean Hansen, PMP

Implementing a Project Portfolio Management (PPM) Solution. Sean Hansen, PMP Implementing a Project Portfolio Management (PPM) Solution Sean Hansen, PMP Agenda Introductions First Fresh from Microsoft Ignite Why Implement a PPM Tool (recap) Are You Ready for a PPM Implementation?

More information

Tagetik 4 Enabled By Microsoft SharePoint

Tagetik 4 Enabled By Microsoft SharePoint Tagetik 4 Enabled By Microsoft SharePoint Collaborative Performance Management in business EXECUTIVE SUMMARY Tagetik 4 Enabled by Microsoft SharePoint is a unified platform for: + Performance Management

More information

Crossing the DevOps Chasm

Crossing the DevOps Chasm SOLUTION BRIEF Application Delivery Solutions from CA Technologies Crossing the DevOps Chasm Can improved collaboration and automation between Development and IT Operations deliver business value more

More information

Compliance with Sarbanes-Oxley and Enterprise Risk Management Creates Best Practices in Remittance Processing for Treasury and Cash Management

Compliance with Sarbanes-Oxley and Enterprise Risk Management Creates Best Practices in Remittance Processing for Treasury and Cash Management Accelerating funds Minimizing risk Improving control Compliance with Sarbanes-Oxley and Enterprise Risk Management Creates Best Practices in Remittance Processing for Treasury and Cash Management Executive

More information

October 7, 2011. Presented to. The PMI Washington DC Chapter. Pedro Agosto. Director of Client Services, XA Systems, LLC. pedro.agosto@xasystems.

October 7, 2011. Presented to. The PMI Washington DC Chapter. Pedro Agosto. Director of Client Services, XA Systems, LLC. pedro.agosto@xasystems. October 7, 2011 Presented to The PMI Washington DC Chapter By Pedro Agosto Director of Client Services, XA Systems, LLC pedro.agosto@xasystems.com Introduction Re-evaluating IT Services Today s Challenges

More information

The expression better, faster, cheaper THE BUSINESS CASE FOR PROJECT PORTFOLIO MANAGEMENT

The expression better, faster, cheaper THE BUSINESS CASE FOR PROJECT PORTFOLIO MANAGEMENT Cloud Solutions for IT Management WHITE PAPER THE BUSINESS CASE FOR PROJECT PORTFOLIO MANAGEMENT How Progressive IT Organizations Are Using Hosted Solutions To Deliver On Time, On Budget, On Quota and

More information

Making Automated Accounts Payable a Reality

Making Automated Accounts Payable a Reality Making Automated Accounts Payable a Reality www.merkur.com (800) 637-1704 Table of Contents Introduction...3 Executive Summary...4 Challenges in Accounts Payable...5 What is the problem?...5 How big is

More information

Making Compliance Work for You

Making Compliance Work for You white paper Making Compliance Work for You with application lifecycle management Rocket bluezone.rocketsoftware.com Making Compliance Work for You with Application Lifecycle Management A White Paper by

More information

The Recipe for Sarbanes-Oxley Compliance using Microsoft s SharePoint 2010 platform

The Recipe for Sarbanes-Oxley Compliance using Microsoft s SharePoint 2010 platform The Recipe for Sarbanes-Oxley Compliance using Microsoft s SharePoint 2010 platform Technical Discussion David Churchill CEO DraftPoint Inc. The information contained in this document represents the current

More information

Aligning IT to the Strategic Plan

Aligning IT to the Strategic Plan RG Perspective Aligning IT to the Strategic Plan Why it s permanently number one on your to-do list 11 Canal Center Plaza Alexandria, VA 22314 HQ 703-548-7006 Fax 703-684-5189 www.robbinsgioia.com 2013

More information

HP Project and Portfolio Management: not just for IT. White paper

HP Project and Portfolio Management: not just for IT. White paper HP Project and Portfolio Management: not just for IT White paper We first implemented HP Project and Portfolio Management (PPM) Center to help IT gain control of its project portfolio, to serve as the

More information

Cordys Business Operations Platform

Cordys Business Operations Platform SERVICE DEFINITION Cordys Business Operations GCloud IV - PaaS Copyright 2012 Cordys B.V. All rights reserved. Table of Content Cordys Business Operations... 1 Table of Content... 2 Introduction... 4 Document

More information

ORACLE HYPERION PUBLIC SECTOR PLANNING AND BUDGETING

ORACLE HYPERION PUBLIC SECTOR PLANNING AND BUDGETING ORACLE HYPERION PUBLIC SECTOR PLANNING AND BUDGETING KEY FEATURES AND BENEFITS KEY FEATURES: Packaged budgeting templates and calculation logic purpose built for the public sector Flexible workforce budgeting

More information

Data Governance: A Business Value-Driven Approach

Data Governance: A Business Value-Driven Approach Data Governance: A Business Value-Driven Approach A White Paper by Dr. Walid el Abed CEO January 2011 Copyright Global Data Excellence 2011 Contents Executive Summary......................................................3

More information

Business Data Authority: A data organization for strategic advantage

Business Data Authority: A data organization for strategic advantage Business Data Authority: A data organization for strategic advantage Collibra Data Governance Software Company Reference Customers Business Data Growth and Challenge TREND Exploding volume, velocity and

More information

BPM IN F&A THE DIGITAL CFO PARTNERING THE BUSINESS IN GROWTH. xchanging.com BUSINESS PROCESS MANAGEMENT 1

BPM IN F&A THE DIGITAL CFO PARTNERING THE BUSINESS IN GROWTH. xchanging.com BUSINESS PROCESS MANAGEMENT 1 THE DIGITAL CFO PARTNERING THE BUSINESS IN GROWTH xchanging.com BUSINESS MANAGEMENT 1 The changing economic landscape has transformed the role of a Chief Financial Officer (CFO). No longer a financial

More information

serena.com seven ways ppm will change your application development organization

serena.com seven ways ppm will change your application development organization seven ways ppm will change your application development organization Table of Contents Executive Summary...3 1. Make Demands Less Demanding... 4 Capture 100% of resource demand... 4 Field and route all

More information

Information Governance Workshop. David Zanotta, Ph.D. Vice President, Global Data Management & Governance - PMO

Information Governance Workshop. David Zanotta, Ph.D. Vice President, Global Data Management & Governance - PMO Information Governance Workshop David Zanotta, Ph.D. Vice President, Global Data Management & Governance - PMO Recognition of Information Governance in Industry Research firms have begun to recognize the

More information

Sarbanes-Oxley Compliance for Cloud Applications

Sarbanes-Oxley Compliance for Cloud Applications Sarbanes-Oxley Compliance for Cloud Applications What Is Sarbanes-Oxley? Sarbanes-Oxley Act (SOX) aims to protect investors and the general public from accounting errors and fraudulent practices. For this

More information

Ellipse The Enterprise Asset Management (EAM) solution for asset intensive industries

Ellipse The Enterprise Asset Management (EAM) solution for asset intensive industries Ellipse The Enterprise Asset Management (EAM) solution for asset intensive industries Ellipse is a fully-integrated Enterprise Asset Management (EAM) application suite providing complete visibility and

More information

CA Service Accounting

CA Service Accounting SOLUTION BRIEF: CA SERVICE ACCOUNTING CA Service Accounting CA Service Accounting is an IT financial management system that provides you with the financial transparency and analysis needed to effectively

More information

How Perforce Can Help with Sarbanes-Oxley Compliance

How Perforce Can Help with Sarbanes-Oxley Compliance How Perforce Can Help with Sarbanes-Oxley Compliance C. Thomas Tyler Chief Technology Officer, The Go To Group, Inc. In collaboration with Perforce Software Perforce and Sarbanes-Oxley The Sarbanes-Oxley

More information

5 Steps to Choosing the Right BPM Suite

5 Steps to Choosing the Right BPM Suite 5 Steps to Choosing the Right BPM Suite BPM Suites can deliver significant business benefits and a fast ROI but only if you choose the right one By Laura Mooney, Metastorm Copyright 2009, Metastorm Inc.

More information

Lowering business costs: Mitigating risk in the software delivery lifecycle

Lowering business costs: Mitigating risk in the software delivery lifecycle August 2009 Lowering business costs: Mitigating risk in the software delivery Roberto Argento IBM Rational Business Development Executive Valerie Hamilton IBM Rational Solution Marketing Manager and Certified

More information

Product Lifecycle Management in the Medical Device Industry. An Oracle White Paper Updated January 2008

Product Lifecycle Management in the Medical Device Industry. An Oracle White Paper Updated January 2008 Product Lifecycle Management in the Medical Device Industry An Oracle White Paper Updated January 2008 Product Lifecycle Management in the Medical Device Industry PLM technology ensures FDA compliance

More information

building a business case for governance, risk and compliance

building a business case for governance, risk and compliance building a business case for governance, risk and compliance contents introduction...3 assurance: THe last major business function To be integrated...3 current state of grc: THe challenges... 4 building

More information

Process Assessment and Improvement Approach

Process Assessment and Improvement Approach Process Assessment and Improvement Approach June 2008 The information contained in this document represents the current view of Virtify on the issues discussed as of the date of publication. Virtify cannot

More information

Making Automated Accounts Payable a Reality www.esker.com

Making Automated Accounts Payable a Reality www.esker.com Making Automated Accounts Payable a Reality www.esker.com Table of Contents Introduction...3 Executive Summary...4 Challenges in Accounts Payable...5 What is the problem?...5 How big is the problem?...6

More information

REVOLUTIONIZE YOUR BACK OFFICE DEPARTMENTS NEXT»

REVOLUTIONIZE YOUR BACK OFFICE DEPARTMENTS NEXT» R U O Y E Z I N O I T U L S T O V N E E R M T R A P E D E C I F F BACK O NEXT» 2 Streamline back office processes with OnBase With OnBase by Hyland, back office departments reduce their reliance on manual,

More information

Customer success story: Clal Group Ltd

Customer success story: Clal Group Ltd Customer success story: Clal Group Ltd Customer Profile Clal Group streamlines information flow to improve corporate performance Industry: Financial, Insurance, Pension Company: CLAL Employees: 3500 Revenues:

More information

ElegantJ BI. White Paper. Operational Business Intelligence (BI)

ElegantJ BI. White Paper. Operational Business Intelligence (BI) ElegantJ BI Simple. Smart. Strategic. ElegantJ BI White Paper Operational Business Intelligence (BI) Integrated Business Intelligence and Reporting for Performance Management, Operational Business Intelligence

More information

Best practices in project and portfolio management

Best practices in project and portfolio management Business white paper Best practices in project and portfolio management Practical advice for achieving greater value and business benefits Table of contents 3 Introduction 3 The importance of best practices

More information

Mastering Complex Change and Risk through Smarter Engineering Collaboration

Mastering Complex Change and Risk through Smarter Engineering Collaboration Mastering Complex Change and Risk through Smarter Engineering Collaboration January 2010 Mastering Complex Change and Risk through Smarter Engineering Collaboration Page 2 With explosive population growth,

More information

Telecommunications Is Strategic: Executive Sponsors Secure Competitive Advantage for Enterprises

Telecommunications Is Strategic: Executive Sponsors Secure Competitive Advantage for Enterprises Telecommunications Is Strategic: Executive Sponsors Secure Competitive Advantage for Enterprises Table of Contents Executive Summary... 1 The Case for Executive Involvement... 2 Critical Steps to Gain

More information

Project, Program & Portfolio Management Help Leading Firms Deliver Value

Project, Program & Portfolio Management Help Leading Firms Deliver Value in collaboration with Project, Program & Portfolio Help Leading Firms Deliver Value Managing Effectively & Efficiently Through an Enterprise PMO Program & Portfolio : Aligning IT Capabilities with Business

More information

A TECHNICAL WHITE PAPER ATTUNITY VISIBILITY

A TECHNICAL WHITE PAPER ATTUNITY VISIBILITY A TECHNICAL WHITE PAPER ATTUNITY VISIBILITY Analytics for Enterprise Data Warehouse Management and Optimization Executive Summary Successful enterprise data management is an important initiative for growing

More information

SAP ERP FINANCIALS ENABLING FINANCIAL EXCELLENCE. SAP Solution Overview SAP Business Suite

SAP ERP FINANCIALS ENABLING FINANCIAL EXCELLENCE. SAP Solution Overview SAP Business Suite SAP Solution Overview SAP Business Suite SAP ERP FINANCIALS ENABLING FINANCIAL EXCELLENCE ESSENTIAL ENTERPRISE BUSINESS STRATEGY PROVIDING A SOLID FOUNDATION FOR ENTERPRISE FINANCIAL MANAGEMENT 2 Even

More information

ORACLE PROJECT MANAGEMENT

ORACLE PROJECT MANAGEMENT ORACLE PROJECT MANAGEMENT KEY FEATURES Oracle Project Management provides project managers the WORK MANAGEMENT Define the workplan and associated resources; publish and maintain versions View your schedule,

More information

Practical Approaches to Achieving Sustainable IT Governance

Practical Approaches to Achieving Sustainable IT Governance Practical Approaches to Achieving Sustainable IT Governance Beyond Mandates: Getting to Sustainable IT Governance Best Practices Agenda IT Governance Definition IT Governance Principles IT Governance Decisions

More information

Current Challenges in Managing Contract Lifecycle Management

Current Challenges in Managing Contract Lifecycle Management Current Challenges in Managing Lifecycle Management s are the bloodline of your business. Due to increased pressure in volume, complexity and regulatory compliance, contracts have evolved from a simple

More information

Solve Your IT Project Funding Challenges

Solve Your IT Project Funding Challenges RG Perspective Solve Your IT Project Funding Challenges 11 Canal Center Plaza Alexandria, VA 22314 HQ 703-548-7006 Fax 703-684-5189 www.robbinsgioia.com 2013 Robbins Gioia, Inc. 1. Introduction The struggling

More information

Prioritizing Regulatory Compliance in the Financial Services Industry

Prioritizing Regulatory Compliance in the Financial Services Industry Prioritizing Regulatory Compliance in the Financial Services Industry 1185 Sanctuary Parkway Suite 250 Alpharetta, GA 30004 Tel: 678.992.0262 www.compliance360.com A Regulatory Perfect Storm What do these

More information

Resource Management. Resource Management

Resource Management. Resource Management Resource Management ibpms Business Process Applications (BPAs) are the innovative, new class of Service Oriented Business Applications (SOBAs) that help businesses automate and simplify the management

More information

IT Risk Management Life Cycle and enabling it with GRC Technology. 21 March 2013

IT Risk Management Life Cycle and enabling it with GRC Technology. 21 March 2013 IT Risk Management Life Cycle and enabling it with GRC Technology 21 March 2013 Overview IT Risk management lifecycle What does technology enablement mean? Industry perspective Business drivers Trends

More information

Webinar A Strategic Approach to Resource Management

Webinar A Strategic Approach to Resource Management Gain real-time visibility into your projects. cloud-based, workflow-driven Professional Services Automation Webinar A Strategic Approach to Resource Management Andy Jordan ProjectManagement.com Kevin Sequeira

More information

Sarbanes-Oxley: Beyond. Using compliance requirements to boost business performance. An RIS White Paper Sponsored by:

Sarbanes-Oxley: Beyond. Using compliance requirements to boost business performance. An RIS White Paper Sponsored by: Beyond Sarbanes-Oxley: Using compliance requirements to boost business performance The business regulatory environment in the United States has changed. Public companies have new obligations to report

More information

INTRODUCING TALEO 10. Solutions Built for the Talent Age. Powering the New Age of Talent

INTRODUCING TALEO 10. Solutions Built for the Talent Age. Powering the New Age of Talent TALEO10 TA LEO.COM Solutions Built for the Talent Age Business value is no longer defined by tangible assets. It s powered by people and ideas. Competitive advantage comes from superior talent driving

More information

10 Things IT Should be Doing (But Isn t)

10 Things IT Should be Doing (But Isn t) Contents Overview...1 Top Ten Things IT Should be Doing...2 Audit Data Access... 2 Inventory Permissions and Directory Services Group Objects... 2 Prioritize Which Data Should Be Addressed... 2 Remove

More information

Visual Enterprise Architecture

Visual Enterprise Architecture Business Process Management & Enterprise Architecture Services and Solutions October 2012 VEA: Click About to edit Us Master title style Global Presence Service and Solution Delivery in 22 Countries and

More information

5 Things You re Missing

5 Things You re Missing WHITE PAPER 5 Things You re Missing if Your AP Automation Solution Doesn t Have Predictive Analytics Published by: Sponsored by: 5 Things You re Missing if Your AP Automation Solution Doesn t Have Predictive

More information

Realizing business flexibility through integrated SOA policy management.

Realizing business flexibility through integrated SOA policy management. SOA policy management White paper April 2009 Realizing business flexibility through integrated How integrated management supports business flexibility, consistency and accountability John Falkl, distinguished

More information

INNOTAS EBOOK The Transformational CIO

INNOTAS EBOOK The Transformational CIO INNOTAS EBOOK The Transformational CIO The Change Agent That Drives Business Strategy Table of Contents Introduction.... 3 Shifting the Focus to Strategic IT Projects.... 4 Adding Value Through IT Operations....

More information

Soaring Workforce Management Costs

Soaring Workforce Management Costs White Paper Soaring Workforce Management Costs Our mission is to harness combined power of domain knowledge, expert technology, and firm commitment to deliver intelligent and intuitive Software as a Service

More information

NASCIO Recognition Award Nomination - 2009. IT Project and Portfolio Management

NASCIO Recognition Award Nomination - 2009. IT Project and Portfolio Management NASCIO Recognition Award Nomination - 2009 IT State of North Carolina Enterprise Project Management Office June 3, 2009 Executive Summary The Enterprise Project Management Office () was established in

More information

IMPROVING RISK VISIBILITY AND SECURITY POSTURE WITH IDENTITY INTELLIGENCE

IMPROVING RISK VISIBILITY AND SECURITY POSTURE WITH IDENTITY INTELLIGENCE IMPROVING RISK VISIBILITY AND SECURITY POSTURE WITH IDENTITY INTELLIGENCE ABSTRACT Changing regulatory requirements, increased attack surfaces and a need to more efficiently deliver access to the business

More information

Based on 2008 Survey of 255 Non-IT CEOs/Executives

Based on 2008 Survey of 255 Non-IT CEOs/Executives Based on 2008 Survey of 255 Non-IT CEOs/Executives > 50% Ranked ITG as very important > 75% of businesses consider ITG to be an integral part of enterprise governance, but the overall maturity level is

More information

Global Delivery Excellence Best Practices for Improving Software Process and Tools Adoption. Sunil Shah Technical Lead IBM Rational

Global Delivery Excellence Best Practices for Improving Software Process and Tools Adoption. Sunil Shah Technical Lead IBM Rational Global Delivery Excellence Best Practices for Improving Software Process and Tools Adoption Sunil Shah Technical Lead IBM Rational Agenda Organization s Challenges from a Delivery Perspective Introduction

More information

Bringing agility to Business Intelligence Metadata as key to Agile Data Warehousing. 1 P a g e. www.analytixds.com

Bringing agility to Business Intelligence Metadata as key to Agile Data Warehousing. 1 P a g e. www.analytixds.com Bringing agility to Business Intelligence Metadata as key to Agile Data Warehousing 1 P a g e Table of Contents What is the key to agility in Data Warehousing?... 3 The need to address requirements completely....

More information