Latest Revenue Recognition Guidance From PCAOB
The January 1, 2018 implementation date for new accounting rules on revenue recognition is just around the corner, and the Public Company Accounting Oversight Board (PCAOB) has been issuing guidance to help companies prepare. The latest PCAOB Practice Alert, issued earlier this month, addresses areas to which organizations need to pay particular attention. The alert […]
To Thrive, Utilities Must Have a Data Analytics Strategy and a Business Intelligence Plan
The big data revolution transforming industries worldwide is bearing fruit as companies improve their understanding and analysis of their information to increase efficiency, reduce costs, predict outcomes and enhance customer satisfaction. The utility industry, however, continues to be one of the laggards in the race to harness big data. In light of the prolonged sluggish […]
Inventory: The Key to Unlocking Integrated Business Planning and an SIOP Process
Properly implementing a fully integrated and comprehensive sales, inventory and operations planning (SIOP) process can deliver value that spans demand, supply and product management, while simultaneously driving financial discipline. Many are familiar with the traditional sales and operations planning (S&OP) process. The more advanced approach, however, is integrated business planning, which includes inventory — a […]
From Hurdle to Enabler: The Second Line’s Role in Innovation Is Evolving
Digital technologies are enabling new products and service channels, responding to changing customer demands, as well as driving efficiencies and creating competitive advantages. It is, therefore, essential that the second line functions of risk, compliance and security become enablers of innovation and are seen as empowering and guiding, rather than as roadblocks to be overcome […]
Equifax: What We’ve Learned a Month Later
To say that the Equifax breach has been thoroughly covered by the media may be an understatement. Pick a medium – TV, YouTube, LinkedIn, news websites, social media – it’s been covered upside, rightside, and backwards. With such voluminous coverage, what have we learned that can guide us towards more secure, capable and mature technology […]
Digital to the Core: Companies Must Have the Right People and Mindset to Succeed at Digital Transformation
A common mistake that companies make when pursuing digital transformation is viewing the process as a collection of technology projects, and not a business strategy that is shaped and driven by senior management and the board. They become so focused on the technological aspects of this massive change effort that they overlook the “people factor,” […]
