The Truth Will Keep You Free: Analytics, BI, and Compliance
IT Compliance Institute - The Truth Will Keep You Free: Analytics, BI, and Compliance: "If you sense there's opportunity in the alignment of BI and ERM, you're right. Consider these potential benefits:
1. ERM reporting becomes more reliable if it's based on a single version of business 'truth' that also supports BI
2. Use of existing reporting software reduces dependency on expensive manual analysis and problematic financial spreadsheets
3. Access to drill-down reporting gives auditing committees and accountable executives greater confidence in results
4. BI systems adhere to technical and process controls over the management of financial data
5. Companies realize business value from ERM and compliance investments
6. Businesses are better able to meet SOX section 409 'real-time' reporting requirements
7. Analytical software provides early warnings of trends that might impact SEC filings "
posted by Duncan @ 6:43 AM
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