Panel discussion GRC Track
Posted by Martin Kling on Jun 20, 2008
The closing session of the GRC Track brought together some of the speakers of today: John Haggerty of AMR and Gunther Reimoser of EY joined IDS CFO Jörg Vandreier in a panel discussion about today’s GRC topics.
Euro-SOX - The 8th EU Directive
Posted by Martin Kling on Jun 19, 2008
Talking about financial reporting is an abstract topic for many. Even more if the topic of the speech is about the European directive on the regulation of auditing companies. Still the first topic of the GRC track on ARIS Process World drew many people into room C. This is remarkable as for many the end of last night’s evening event was only hours away.
ARIS Solution for GRC - Hands-on Session
Posted by Martin Kling on Jun 17, 2008
Today a customer asked me if IDS Scheer was using the same methods in GRC that they implement at their customers. I said yes! A good example for that is the hands-on-session that happened yesterday at ARIS UserDay.
Executive Command-and-Control of Business Processes, A Perspective
Posted by Michael Wheeler on May 14, 2008
by Mike Wheeler
ARIS Senior Solutions Engineer
In order to provide today’s operationally savvy executive with the command-and-control cockpit that is needed to run an effective organization, I propose that we must first consider the three basic components that are the foundation of any organization: people, processes and technology. In order to achieve the lofty goals of increased valuation, top-line growth and increased share price, it is imperative to have a well-defined business strategy, supported by a sound operational strategy, which is driven by operational execution. It is this foundation that provides the fuel to drive operational execution.
Risk management has officially become the new compliance?
Posted by Martin Kling on May 5, 2008
by Martin Kling,Solution Manager Governance, Risk & Compliance
Today I read an Article by AMR Research Analyst John Haggerty where he stated that “Risk management has officially become the new compliance”. I think that is true for many of the companies we talk to. Pure Compliance to satisfy some regulators or auditors needs is not the main focus anymore, many of our customers want to expand their risk assessments to all operational areas to gain maximum benefit out of these methods.
Managing Internal Control Systems
Posted by Andreas Havliza on Apr 13, 2008
by Andreas Havliza,
Regional Solution Owner GRC D/A/CH
The internal control system is subject to a change. It is developing from a pure control instrument to an important management tool of companies. It is considered as essential component of Corporate Governance and provides the opportunity to enhance the internal organization. Effective and audit compliant documented internal control systems are more and more becoming important parts of compliance regulations as Sox or the 8th Directive of the European Commission.
Will “EURO-SOX” pose new challenges to Governance, Risk and Compliance Platforms?
Posted by Martin Kling on Apr 13, 2008
by Martin Kling,Solution Manager Governance, Risk & Compliance
In 2008 the 8th directive of the European Commission will be implemented by the respective national law in most European Countries. This is currently producing a heated discussion and much fear of an European Sarbanes Oxley Environment with all the negatives the SOA brought when implemented in the USA. To put it bluntly this is not the case. The 8th directive is mainly addressing the environment and proceedings of auditing companies. Only very limited regulation addresses the companies in Europe directly.
