Step Archives - Business Intelligence Info

Tag Archives: Step

Sisense for Cloud Data Teams: a Step Forward for Builders Everywhere

January 11, 2020 Sisense

Sisense News is your home for corporate announcements, new Sisense features, product innovation, and everything we roll out to empower our users to get the most out of their data.

A vision for builders

Nearly eight years ago, I joined my friend and Periscope Data co-founder Tom O’Neill (now Sisense Chief Cloud Officer) on a journey to build an advanced analytics platform that empowered data teams to build amazing new things. Last May, that journey took a big leap forward with the decision to merge Periscope Data and Sisense. In the time since that announcement, our team has been working extremely hard to combine technologies, customer bases, and internal operations into a single organization that achieves the goal we set out to accomplish in 2012.

Sisense for Cloud Data Teams: a Step Forward for Builders Everywhere

Recently, that merger matured to a point where we felt it necessary to change the way we talk about the products. Internally, we were no longer keeping Periscope Data and Sisense separate products in our long-term vision and we wanted to make the external conversations we were having consistent. Rather than building two separate data analytics platforms for two separate parts of the overall data analysis process, we are focusing on building a single data platform with tools optimized for every user.

To reinforce that cohesion, we renamed Periscope Data as Sisense for Cloud Data Teams. When we began setting important checkpoints for the progress of this merger, this change was always an important milestone. I’m proud to be able to say that we’ve officially achieved it.

pd blog banner new world data teams min 770x250 Sisense for Cloud Data Teams: a Step Forward for Builders Everywhere

Building a shared culture

To this point, the merger has been a success story. Part of that success is due to our incredible customer base, which has been eager to listen to the shared vision and work with us to make it a reality. The truth is that building an ambitious product like this requires equally ambitious customers who can be relied on to take our data analytics platform to new heights and provide feedback along the way. It is neither a nicety nor an oversimplification to say that we could not have done this without the brilliant data professionals who use Sisense every day.

At this time last year, Periscope Data and Sisense both had strong company cultures. Merging them together required shared focus and developing a new culture around that commonality. For us, that common goal was a dedication to customers. Sisense for Cloud Data Teams is a testament to how well the new culture has jelled around servicing our combined customer base.

While the two original products focused on different users and unique parts of the data analysis process, the end-to-end platform available today is the result of a shared passion for empowering customers to create value from data. There’s a lot of enthusiasm about the data platform we are building and how it will be used to help out customers move their organizations forward.

Rewarding our internal builders

Another big pillar of the culture at Sisense is a commitment to employee success. Independently, both Sisense and Periscope Data had made several “best places to work” lists before the merger, which is illustrative of the priority given to employee satisfaction. There’s no pressure to produce perfect results, we’ve built an atmosphere that encourages continual experimentation and rewards those who help others. We set high standards for our work, give employees the resources they need to hit their goals, and trust that they’ll succeed.

That attitude is a huge reason why Sisense for Cloud Data Teams is available today and why future innovations at Sisense will set new industry standards for data platform possibilities. Renaming a product is not a simple process. It’s one that takes cooperation from all parts of the organization.

While the announcement of Sisense for Cloud Data Teams is a big reason to celebrate, there’s an understanding around the company that we’re not just building a product, we’re building a culture. The success of one goes hand-in-hand with the success of the other.

Building for the future

The announcement of Sisense for Cloud Data Teams is a milestone commemorating our dedication to building tools for advanced data professionals. It’s an industry-leading tool that already plays a crucial role in the way the most advanced companies are analyzing data. The success of that product so far is the result of individual people — both customers and employees — who share a vision for the possibilities of data and work to achieve it.

Sisense for Cloud Data Teams is also the next step forward in the journey to empower data teams. It removes existing workflow barriers between data professionals and the rest of their teams, streamlining the path from actions to insights. This tool is a leap ahead for modern data teams. The unified team Sisense and Persicope Data tea is building something truly incredible.

Harry Glaser is the Chief Marketing Officer and General Manager of San Francisco at Sisense. He was the co-founder and CEO of Periscope Data, which merged with Sisense in May 2019. Prior to founding Periscope Data in 2012, Harry was a Product Lead at Google AdWords and graduated from the University of Rochester with a bachelor’s degree in computer science.

Let’s block ads! (Why?)

Blog – Sisense

Software Selection a Critical Step for Growing Life Sciences Businesses

November 25, 2019 NetSuite

Posted by John Goode, Senior Director, Channel Marketing

With a solid, cloud-based technology infrastructure life sciences companies can grow from pre-revenue to commercialization in a fast, painless manner.

Each year, FDA’s Center for Drug Evaluation and Research (CDER) approves a wide range of new drugs and biological products. In 2018 alone, the CDER approved 59 new drugs and is on track to do the same this year: As of late-May, CDER had already approved 12 new drugs (versus 14 at the same time last year).

Once approved, the early-stage life science companies that develop these drugs must make the transition from Excel spreadsheets to full-blown technology systems pretty quickly. The rate of growth can be downright alarming, particularly for the scientists and engineers who brought the new drugs to life.

The problem is that many of these companies launched with technology infrastructures that lag well behind their company goals—a reality that becomes obvious as life sciences firms move from Phase I clinical trials to Phases II and III. Learn more about this transition in “Supporting Life Sciences Companies from Startup to Commercialization.”

Because business software was never a core focus for these firms, compromises and bottlenecks start to interfere with their organizational missions. In fact, most of these life science organizations can’t perform any of the following with their existing technology infrastructures:

• Track and easily add and consolidate additional legal entities

• Manage multiple sources of company information (different systems, Excel spreadsheets, etc.)

• Scale up existing manual processes

• Implement financial controls

• Prepare for equity events/SOX controls

• Run efficient and controlled purchasing processes

• Generate accurate reporting for multi-national, multi-company, SEC reporting

• Handle program/project management

Using the right software platform, these pre-revenue organizations can design, configure and manage the roles, controls and workflows the business needs—all without having to onboard more finance professionals or IT managers. Sikich’s SuiteSuccess for Life Sciences built on NetSuite solves these and other problems with ease.

Wanted: A Solid Support Structure

Early-stage life science companies must make the transition from spreadsheets to complete technology systems as quickly as possible. Operating in an industry focused on running lean, these organizations need to get up and running quickly.

For this and other reasons, outsourcing technology implementation and management to Sikich is an exciting proposition for enterprises that want to fully leverage the cloud, where there’s no IT infrastructure to manage.

By creating and implementing standardized integrations between NetSuite and many popular procurement tools, including Prendio, Coupa, Jaggaer, Lab Cloud, and PunchOut2Go, Sikich gives life sciences companies the tools they need to succeed.

Perhaps more importantly, Sikich provides these services quickly and affordably, requiring little or no additional infrastructure or IT investment on the company’s part. That’s because NetSuite can deliver additional functionality as life science firms mature and require new software capabilities. Here’s the breakdown across different stages of growth:

Early stage/startup: Segmented reporting, G/L and AP plus integrated purchasing, procurement, electronic payments and multi-entity management
Growth stage: Fixed Assets, Payroll, Advanced Reporting and System Auditing for IPO
Production phase: Vendor Contract Management, Forecasting and Planning
Commercialization: Track revenue, accounts receivable and capture costs

Getting Up and Running, and Staying There

Tightly focused on establishing their digital strategies and running quickly, young life sciences firms also want tools that will scale up along with them as they move through the various maturation stages—something that NetSuite is well known for.

“These folks want to be able to just do their jobs and not worry about what’s going on behind the scenes, and how their companies are being run on the backend,” said Jim Hickey, a partner with Sikich’s technology practice. “We know that implementing ERP can be disrupting for a business, and we reduce that disruption with NetSuite, the de facto solution for the life sciences industry.”

Read “Supporting Life Sciences Companies from Startup to Commercialization,” and download the datasheet and infographic for more details.

Posted on Thu, November 21, 2019
by NetSuite filed under

Let’s block ads! (Why?)

The NetSuite Blog

Take a Step Against Pollution

November 6, 2019 Humor

What is Pollution

A simple introduction to Pollution is “Every substance causes damage to Nature is Pollution”.

How many types of Pollution

There are three main types of Pollution such as:

Air Pollution.
Water Pollution.
Soil Pollution.

These basic pollution types have a very deep connection with the damages to living organisms. And it has a very simple logic that, Air we use to breathe in. The water we use to drink and Soil we use to grow food for ourselves.

So these are the basic sources of our lives to live in this world but unfortunately, mankind has a lead role in environmental damage and still continues to do the same. Yet, these Nature Gifts are ruins so brutally by humans.

Main Causes of Pollution and Effects

Nature is a very fine and pure gift to humanity and it has nothing to do with the pollution. Pollution is basically originated from Human Civilization. As there were no proper waste dumping solutions. So there were pile clumps from ancient times as evidence of pollution due to human civilization.

Pollution was not considered as a thinkable issue till mid of the 20th century. After the 20th century, pollution has gained human attention and it instantly becomes an actionable issue to the world. You can easily assume the cause of an uncontrollable pollution monster the world is dealing with if you notice the sharp increase of population and human development.

You can not deny the bad impact of wars on the environment. The war causes massive production of general and chemical weapons, bombs and other war instruments which affects the environment badly but the results were even more destructive when they were used and completely demolished the nature in their surroundings.

Causes and Effects of Air Pollution

Every particle which harms the structure of Natural Air caused Air Pollution. Air is a precious gift of nature for living organisms to breathe clean and keeps the body healthy. But unfortunately, we forgot the importance of this priceless gift and treated it very roughly in the charm of the astonishing development of a modern world full of facilities and luxurious lifestyle.

Sources of Air Pollution

We have cut down the forests producing fresh oxygen and filter contaminated air.
Developed chains of industry releasing toxic clouds through their chimneys to the air.
We have made vehicles releasing poisonous smoke through their silencers.
We have made chemical weapons to strengthen the defense but weaken nature.

Sadly, we preferred our interests over a clean world to breathe in.

So overall, we mankind held responsible for all the destruction to nature and now it becomes our responsibility to fix this. We need to redirect our lifestyles to make this world and clean and healthy for upcoming generations.

We are living in the age of technology and we need to use it in the right way to clean this mess spread by us. Fortunately, we have invented solutions or alternative sources to prevent air pollution but could not mold the world to use those replacements for a clean environment.

Solutions and Prevention of Air Pollution

Should convert to possible availabilities accordingly to put a brake on forest cuttings.
We should install smoke filtration plants in our industries to keep the air clean.
We should jump to electric means of transportation.
Should promote peace in the world to avoid destructive wars for the sake of both, clean nature and a healthy humanity.

Causes and Effects of Water Pollution

Every particle which contaminates the natural structure of Pure Water caused Water Pollution. Again mankind held responsible for water contamination for almost the same reasons mentioned above.

Sources of Water Pollution

We polluted the water to route domestic sewerages to the ponds of fresh water.
Contaminated fresh water hoses to dump industrial waste in it.
We are even responsible for toxic rain due to the existence of Sulphur and Nitrogen Oxide in the air and these substances polluted rainwater.
Mankind becomes evil to its nature by greenhouse gases like carbon dioxide which wraps the atmosphere causes Global Warming.

A polluted environment not just harms nature but also left a deep impact on the mood of living organisms and they have to migrate to a comparatively healthy environment for better living. Everybody wants to live in a clean environment but nobody takes serious steps to a healthy world. There is nothing in this world we can not do and we should take a stand against water pollution and have to undo this brutal act to save humanity.

Solutions and Prevention of Water Pollution

We should not pour cooking or any other fat, grease, oil, household chemicals. Cleaning agents or any kind of pills or tablets to your sewerages.
Avoid using your toilets as waste bins to pour tissues, wrappers, dust clothes or other paper products.
Industries should install wastewater process plants to detoxicate their waste for lakes, streams or water hoses inside or outside the earth.
Adopting clean energy alternatives is a healthy way to prevent greenhouse effects. Hybrid vehicles and green energy sources are quite helpful to reduce global warming.

Causes and Effects of Soil Pollution

Soil Pollution defined as any pollutant particles pesticides water stocks down or on the earth. The earth is not just our home but countless bacterial and microscopic living organisms. Which is essential to maintain a balanced life on earth. But sadly we are being so selfish to other creatures of this world.

Sources of Soil Pollution

We use pest-controlling chemicals or inorganic nitrogen fertilizers to exceed production from agricultural fields. Which causes many ecological backlashes, also known as Agrochemical Pollution.
We badly contaminate the soil with improper disposal methods of solid waste such as plastics and electrical goods.
The improper disposal method of chemical wastes from several types of industries leads to acidification of soil.
Poor irrigation systems and lack of crop rotation also cause damage to the performance of soil.

“Every Action has an Equal Reverse Reaction”. We have damaged our soil so badly. We can not save from the reverse or negative impacts, except giving the cure to land. Affected our crops and degraded their quality by excessive use of inorganic nitrogen fertilizers. Living and playing in contaminated soil lead to adverse skin diseases.

Leaking or damaged channels in the irrigation system also cause damage to the soil like excess of watering and improper maintenance of canals and intense farming schedule gradually decreases soil quality over time and caused degradation of land.

Solutions and Prevention of Soil Pollution

We may prevent harmful contaminants from the earth by adopting healthy and organic farming techniques.
Should properly recycle industrial waste before disposing of it.
We should arrange awareness and education campaigns for the community.
We should maintain our irrigation and sewerage system properly to avoid soil contamination.

Let’s block ads! (Why?)

Mefunnysideup

Transparency is Vital Step for Restaurants in Addressing Food Allergens

June 16, 2019 NetSuite

Posted by Kevin Lentz, NetSuite Product Manager, Restaurant & Hospitality

Eating out should be a relaxing experience where guests sit back, order freely and enjoy their meal. For those with food allergies, though, it is rarely quite that carefree. For the estimated 15 million U.S. consumers with a food allergy, a restaurant can prove to be a very challenging environment. A survey conducted at the 2007 Food Allergy & Anaphylaxis Network conference found that 34% of the 294 respondents had experienced at least one food allergic reaction in a restaurant. A different study revealed that nearly half of fatal food allergic reactions over a 13-year period were caused by food from a restaurant or other food service establishment.

And the stakes are high for the restaurant. If you mishandle the situation, your best case is a ruined evening out and a lost customer, but your worst case could be dire. With food allergic reactions accounting for as many as 30,000 ER visits each year and as many as 200 deaths, it’s important to get your allergy preparations right.

So far, only four states (Massachusetts, Rhode Island, Michigan, Virginia) and a handful of cities have enacted legislation concerning allergen safety in restaurants. So how can a restaurant proactively serve this segment? In a word: transparency.

Anything you can do to shed light on your prep process and ingredient lists will be helpful. This consumer segment is intensely scrutinous and inquisitive, and they have to be. So have the information as readily available as possible. That may be as simple as ensuring waitstaff are familiar with company-approved answers to questions, or you may choose to go further.

For instance, are you able to provide a list of each ingredient for each of your dishes, and are you able to confirm the source and preparation methods for each of your ingredients? Some restaurants are able to provide the actual labels with clear allergen statements to their patrons upon request. Consider whether you are able to do this at the time of ordering or ahead of time when the guest is researching dining options.

Consider also how food is prepared in your kitchen. Do you maintain a separate location to prepare allergy-free dishes? Be sure you can answer questions around cleaning and cross-contamination, as well. What other dishes are prepared there? How often is it cleaned? Ready access to this information will help put allergen-aware guests at ease.

Perhaps most important is staff training. Staff should be regularly trained for food allergen safety and allergen awareness, and consistently reminded of safe food handling procedures. No amount of process will keep guests safe if it does not become a way of doing business. This is also a good time mention that you should research your state’s regulations in terms of staff training, supplemental allergen awareness training, and any signage required to maintain compliance.

With an estimated 10% of the population directly affected by a food allergy, it’s important that the restaurateur does everything possible to properly and safely serve this segment. Often, that means empowering your staff and your customer. Empower your staff with adequate training and awareness so they can assist the guest appropriately and empower your allergy-aware guests with whatever information that they may need to sit back order freely and enjoy their meal.

Everyone will be better for it.

Posted on Thu, June 13, 2019
by NetSuite filed under

Let’s block ads! (Why?)

The NetSuite Blog

Jamie Foxx One Step Closer To Making Mike Tyson Biopic!

May 2, 2019 Humor

Jamie Foxx better start bulking up because he’s going to have to put on weight to become Iron Mike Tyson for an upcoming biopic.

The Oscar-winning actor shared a picture of himself this week during a meeting with Mike Tyson, and said, “Thank u for the trust… one step closer.”

For years, stirrings of a biopic about the boxer’s career has been in the works and the boxer has made it known he wanted Foxx to be the one to play him.

Martin Scorsese has also been rumored to be tied to the project, but the director has not confirmed those reports.

The fact Foxx and Tyson are publicly discussing the project definitely adds fuel to the fire that an official announcement could be made soon.

The former heavyweight champ also recently appeared on “The Joe Rogan Experience” and said the movie is going to be “wild.”

Is Eddie Murphy Open To Michael Blackson Being Cast In ‘Coming To America 2’?

Let’s block ads! (Why?)

The Humor Mill

I can’t get the inverse Laplace transform in terms of the unit step function

December 6, 2018 BI News and Info

I tried this:

InverseLaplaceTransform[-((-6.5 - 3.25 s - 5.5 s^2 + 0.5 s^3 + 
      s^4)/((2 + s) (1 + 0.5 s + s^2) (1.5 + s + s^2))), s, t] // 
   Simplify // ComplexExpand // Simplify

In this way I get the following:

0.714286 E^(-2. t) - 1.71429 E^(-0.5 t) Cos[(1.11803 + 0. I) t] + 
 3.19438 E^(-0.5 t) Sin[(1.11803 + 0. I) t]

which is similar to the answer I want:

$ [0.7143 e^{-2t}-1.7145 e^{-0.5t}cos(1.25t)+3.194 e^{-0.5t}sin(1.25t)]u(t) $

I have tried with FullSimplify, Apart, TrigReduce, ExpToTrig and I have not got the answer in terms of the UnitStep function.

I will appreciate any suggestion to get the answer I want.

Let’s block ads! (Why?)

Recent Questions – Mathematica Stack Exchange

Lose The Myths And Step Towards A GRC Digital Transformation (Part 2)

October 24, 2018 BI News and Info

Part 2 of a 2-part series. Read Part 1

In Part 1 of this series, I identified four common myths preventing companies from transforming their governance, risk, controls, and compliance. Today, I’ll reveal the rest in my Top 10 list.

5. IT needs to lead the GRC project.

GRC is powered by technology, but that doesn’t mean IT will lead the project. The objective of GRC is to centralize all risk management areas (internal control, risk, audit, compliance, IT) and unify a single source of truth to promote oversight of the company.

Because IT knows about technology, and risk areas know about risk and compliance activities, they both play a fundamental role in supporting in a successful GRC implementation. But the risk areas lead the project.

6. GRC is difficult and takes too much time to implement.

It is true that implementing a GRC solution is a demanding project. It demands that you review and update information, business processes, risk maturity levels, business process, owners, and so on. If your company doesn’t have a solid risk and compliance practice, your GRC project will take more time as you construct that solid infrastructure to start taking advantage of the benefits of the solution.

But the good news is that all these pieces are part of the GRC implementation. And you can also start by implementing one module at a time (take a look at the next “myth”).

7. To realize benefits, we must implement the complete functionality.

When you choose GRC solutions that are focused on the three lines of defense framework, you can start by implementing the most mature line (controls, risk, or audit) and go from there.

For example, if your company’s risk management process is the most mature, you could start using risk management software to align your risks with business-value drivers. Or, if your auditors and audit reports are spread across the enterprise, centralize their efforts in an audit management solution to optimize your resources and gain visibility.

If two of the three lines are solid – controls and risk management, for example – you could preserve and grow business value by adding in process control and risk management functionality to share processes, risks, and controls across the enterprise.

The key is not to give up until you have everything ready, whether you start with the most mature line or start maturing all your lines all at once.

8. GRC is expensive.

If you’re evaluating the investment to acquire a GRC solution versus the cost of manual activities, you will probably identify it as being expensive.

But be careful, because this evaluation fails to take into account the benefits provided by an automated solution:

Increase scope and coverage for risk mitigation activities to safeguard the company

Reduce the cost and time of early detection of cash leakage, frauds, or anomalies to avoid financial losses

Reduce ongoing cost for demonstrating compliance

Improve team effectiveness and efficiency

Becoming aware of these opportunities may change your cost/benefit analysis.

By the way, it’s important to mention that there are many flexible deployment options to reduce time and cost to implement GRC solutions in your company.

9. GRC is a nice-to-have, not a must-have, solution.

We have never faced so many risks as we do at this moment. We face financial, operational, reputational, technology, compliance, environmental, human capital, and governmental risks. Translating this, we face more complicated frauds, cash leakage, money laundering, data protection, cybersecurity attacks, modern slavery, social media, new governments, and so on.

Companies need visibility like never before – to know what they’re facing so they can avoid or mitigate the impact or the probability that something undesirable will occur. A modern GRC strategy isn’t just desirable. It’s necessary.

10. We don’t need a GRC solution.

It is difficult to argue against this way of thinking because sometimes it’s due more to a cultural attitude than a pure business decision. Some people or companies aren’t proactive; instead they react when something happens and they suffer a major impact. Then they realize the importance of having a risk mitigation strategy.

If you’re a supporter of a GRC solution and your company doesn’t see the importance of proper risk management, keep pushing! Raise the importance of the topic and prepare the company for the next level.

Bottom line

Companies are facing too much uncertainty these days to leave their risk management to chance – or to operate under these 10 myths (and misunderstandings) about GRC solutions.

Taking steps towards a governance, risk, controls, and compliance digital transformation will ensure that you’re armed with the right information to face GRC challenges however and whenever they come.

For more on this topic, read The State of Risk Management in 2018.

This article originally appeared on the SAP Analytics blog and is republished by permission.

Follow SAP Finance online: @SAPFinance (Twitter) | LinkedIn | Facebook | YouTube

Let’s block ads! (Why?)

Digitalist Magazine

How to set SPO Functionality for the Account Entity – Step By Step Instructions

October 21, 2018 CRM News and Info

How to set SPO Functionality for the Account Entity – Step By Step Instructions

SharePoint Connection Setup

In CRM – Settings> SPO Configuration>SharePoint Connection Tab
In this example the SharePoint Document Library is Accounts.

The connection settings above should correspond to the SharePoint URL format of the Document Library – Accounts, as in this image

Add SPO functionality to CRM Entity

After creating successful connection to the Document Library in SharePoint, the next step is adding SPO functionality to the Account entity.

Click tab: Add SPO functionality to CRM Entity, and then click the button with same label.

Select Entity: Account

Add metadata from CRM entity view: select existing view or create custom view that includes all the fields in the Account entity and related entities to Account, to be used as metadata. In this example we created a view called “SPO View”, and it includes the metadata relevant to documents uploaded from Account entity to SharePoint, including one field (Contact’s Email) from the Contact entity which is related to the Account entity.
Select the “Required” option next to the metadata field that is mandatory in SharePoint. At initial settings stage, and testing, do not use the “Required” option (unselect all).

Select step 4 to store documents in folders within the “Accounts” document library.
The folder name is a selected field from the account entity like “Account Name” or “Account number”. We recommend selecting a field that is unique and always contains data.
Click Submit to complete this process.

Configure metadata columns in SharePoint

Account Name – Single line of text
Account Number – Single line of text
Description – Multiple lines of text
Contact – Single line of text
Email – Single line of text
Credit Limit – Currency
Payment terms – Choice (menu to choose from). Enter the picklist options from CRM as menu options in SP column

Modify the view to show relevant columns only. Set up filters, sorting and other available features to make it a “friendly” view for SharePoint users.

Test uploading document to SharePoint

Open an Account record in CRM. From the toolbar (in more …. functions) click the button Dynamics SPO and select to upload document from hard disk. Select document and upload. The document is now uploaded to a folder in the Accounts document library. The folder name is the content of the field selected as folder name (in this example it is Account Name), and it is saved with metadata from the CRM record.

NOTE: each time document is uploaded to SharePoint a new SPO Error is created. Use Advance Find to find the last created record, in case you wish debugging failed document upload.

Add sub-grid in Account pointing to documents uploaded to SharePoint

Open the Account’s form editor.
Click: Insert>Sub-grid
Enter: sub-grid unique name
Enter: sub-grid label
From Data Source select:
Records: Only Related Records
Entity: account (account)
Default View: Active SP Organizers
Click: OK

Let’s block ads! (Why?)

CRM Software Blog | Dynamics 365

Lose The Myths: Step Toward A GRC Digital Transformation (Part 1)

October 20, 2018 SAP

Part 1 in a 2-part series

In the exciting years that I’ve focused on topics related to enterprise risk and compliance, I’ve noticed some common factors that make it impossible for companies to step toward digital transformation on governance, risk, controls, and compliance (GRC).

Those factors are based on a series of doubts, misunderstandings, judgments, or obstacles—and all can be defined as myths.

I’ve identified a list of these myths. If you’re holding on to some of these, just get rid of them. Make a move and support a powerful enterprise risk and compliance strategy.

1. All GRC solutions are the same.

Be careful with this one. Not all solutions that claim to manage GRC truly do that. Keep in mind the purpose of GRC: To meet business objectives, safeguard the company, and provide business continuity.

With these objectives in sight, focus on at least the first three areas (including the fourth is also a great idea):

Continuous controls monitoring
Loss and fraud prevention
Enterprise risk and audit management
Cybersecurity

Now you have a better idea of what GRC should do.

2. We can have a GRC solution without technology.

Really? In the digital era, with the intelligent enterprise era now in front of us, how can we survive without technology?

I can’t imagine a driver using an atlas to navigate from one site to the other, listening to music on a Discman, or a director making decisions without an automated report. And I can’t imagine a risk, control, and compliance team mitigating enterprise risk without automated tools to help safeguard the company.

3. We aren’t prepared for a GRC solution.

These days, almost all midsize and large companies run with technology. Principal areas like finance, human resources, procurement, supply management, and others use automated solutions every day.

If a risk area doesn’t operate in the same rhythm as the business processes, there is a greater chance that the company will suffer an incident or damage. Then the discussion will be to remedy the risk caused by manual controls instead of focusing on the preparation.

You are living already with the risk, so the decision is: How much risk appetite do you have?

4. First, we need to clean house. Then we’ll think about GRC.

You have been in the same position for years—what will be different this time? The model is not scalable. You’ll be investing time and cost once again in cleaning, updating, compiling, consolidating, researching, and preparing all the information. Thee months later, you’ll be in the same situation.

Take advantage of a GRC solution, and you will be able to respond faster to the circumstances.

Stay tuned for Part 2.

This article originally appeared on the SAP Analytics blog and is republished by permission.

Follow SAP Finance online: @SAPFinance (Twitter) | LinkedIn | Facebook | YouTube

Let’s block ads! (Why?)

Digitalist Magazine

Pariveda, Top Step and Vision Solutions Among Best-of-the-Best

May 25, 2018 NetSuite

Posted by Jack Bryant, Services Industry Marketing Lead

Year after year, professional services organizations look to gather various metrics on the performance of their operations. Pulling the data across thousands of consultants is one step, but what about stack ranking their importance internally or benchmarking the metrics externally across the industry?

This year’s Professional Services Maturity Benchmark report offers compelling insights into the metrics of some of the most globally renowned professional services groups.

SPI%20Best%20of%20the%20Best%20Logo%202018 Pariveda, Top Step and Vision Solutions Among Best of the Best This comprehensive report from SPI Research, the leading independent technology services research firm, found 20 out of 456 firms surveyed to perform better than the rest in profitability, on-time delivery and client satisfaction. SPI identifies these firms as “the best-of-the-best.”

Jeanne Urich, Managing Director of SPI, outlined five common threads of success among this group in the top 5 percent: leadership, client relationships, human capital alignment, service execution, and finance and operations.

Below is a sneak peek at some of the key differentiating data that separates the best from the rest:

Measurement	Top 20 Firms	All Others	Advantage
Net Profit (EBITDA)	26.30%	16.10%	63%
Size of PS Organization (employees)	490	340	44%
Year over year PS headcount growth	19.80%	8.70%	126%
Year over year PS revenue growth	19.40%	7.50%	159%
Average revenue per project (k)	$ 193	$ 169	14%
Annual revenue per employee (k)	$ 221	$ 155	43%
Reference clients	88.80%	74.00%	20%
Projects delivered on-time	90.20%	79.20%	14%

Once again, NetSuite is the solution of choice for several of SPI’s “best-of-the-best” winners. A deserved salute to…

Pariveda Solutions, Inc., a leading management consulting firm specializing in performance improvement.

TOP Step Consulting improves business efficiency and productivity for Professional Service operations by providing consulting and implementation services.

Vision Solutions protects data, minimizes downtime and maximizes resources for the modern data center.

The winners are among the thousands of professional services firms that use NetSuite to grow their business. Strong functionality across PSA, financials, CRM, and HCM enable PSOs to power their business and become the best-of-thebest.

To learn more about how NetSuite can help grow your professional services organization, please explore our offerings and schedule a value assessment today.

Posted on Thu, May 24, 2018
by NetSuite filed under

Let’s block ads! (Why?)

The NetSuite Blog

Tag Archives: Step

Software Selection a Critical Step for Growing Life Sciences Businesses

Take a Step Against Pollution