Category: Internal Compliance

$185 million fine : Is this price sufficient for poor Sales Process Compliance and lack of Transparency in the world’s largest Bank ?

Frauds in big Corporate houses and Organizations have been making headlines since last decade and as you read this, world’s largest bank Wells Fargo has been charged $185 million fine for illegal sales practices that included opening of 2 million fake customer accounts. Following the allegations, the bank fired over 5,300 employees who engaged in…

Rice Energy Succeeds With Force.com And AppExchange Partner Confident Governance’s Governance as a Service Platform To Enable Their Risk And Compliance Governance As a Competitive Advantage

At Confident Governance, world’s number one Company specializing in Cloud Governance, we have a mission to Democratize Governance Worldwide and we strive ahead with this vision through successful Partnership with the robust Salesforce.com platform. There has been no looking back since the inception and our innovative Governance as a Service module has been utilized and appreciated by…

Developing Innovative Risk Management Strategies For Non-Profit Organizations

A lot has been talked about Risk Management and effective ERM Strategies. While Companies worldwide, whether Public or Private, are customizing ERM processes to suit their requirements and achieve Business goals, there is an obvious void between achieving Project goals by aligning Risks in Non-profit Organizations. Risk Management is a rapidly developing discipline with varied views.…

Fostering Agility in Compliance : Need of the hour for Global Organizations

In most global discussions today, we frequently hear words like Emerging Technologies, Cross-generational workforce, Changing international economies and so on and so forth. If we ever had to summarize all of these topics in just one word , what would be that word ? Yes, it’s “Agility”. In this dynamically changing Business market Agility is no…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 5

In this concluding post of ConfidentNow blog series  the top 5 ways Internal Audit will be transformed in next decade , we will discuss about the last but not the least element of Transparency in Internal Audit. At the 75th Anniversary of IIA , Confident Governance Chairman Bhavesh Bhagat is going to share his insights on the Emerging Trends in Internal Audit and how…

5 Pivotal Ways Internal Audit Will Transform In Next Decade : Part 1

As we are drafting this post, our social media handles are buzzing with news on Brexit, Chilcot Report and many more International Current affairs. At this time when International economy is getting transformed and Technology is reaching new forefronts, it becomes imperative to gain insights on how Businesses around the globe are going to be impacted. In an environment where…

2016…Leap Forward with Agility and Confidence

Year ends are a time to introspect and to plan the upcoming year. Above all this is the time to Thank all those who have touched you in the past year and have helped you thrive against all ups and downs of life. This year I want to Thank all of our Confident Ecosystem of Customers, Partners…

Leveraging Cutting-edge Technology To Gain Agility In Compliance

We live in an Era where Efficiency is no longer an option, it is a Necessity. What are the ways we can achieve Efficiency? You guessed it right, through Modern Technology. Technological Advancements have re-vamped the Business Processes Globally in the areas of Medical Science, Astronomy, Media ,Biological Sciences,etc… However, only a few have written/spoken…

Innovative Risks And Digital Business Frameworks

A couple of weeks back, as I was looking out of the window , I saw the usual panorama of tall and architecturally Innovative buildings, digitally equipped cabs, the Financial news flashing on the big screen, and of course the People passing by with all their latest gadgets. This has been the usual view through many years…

Chatter Topics – Using Hashtag To Simplify Official Collaboration

Influx of Salesforce Chatter has led to efficient Collaborative means of communicating within Organizations of all sizes. Chatter has given a whole  new dimension to Business Collaboration by giving it’s  Users instant access to Content and Expertise they need in their work area. This is not all, Chatter enables the savvy Organization to Centralize all forms…

Facilitate Creative And Co-ordinated Teamwork With Chatter Groups

With all our previous posts on Chatter, you might have deciphered by now that the role of any Collaboration Tool is not just enabling Collaboration, but also to leverage Business, to enable making swift Business decisions and to achieve Optimum Results with Minimum Resources. This infers that a Collaboration Tool with the right Governance methodology that automatically…

Sharing On A Robust And Secure Platform : Chatter Files

For ages, sharing Official Documents internally in an Enterprise  (and in some cases externally with Partners/Clients) has been a part and parcel of everyday Corporate routine. It’s a customary ritual now, but wait…it is equally critical, as in , the Platform used to share your Vital and Confidential Official documents should be robust enough, for three big reasons…

The Two Constants Of Governance And Risk Management Automation

Recently I was having a conversation with one of my colleagues in Washington DC and a Chairman of a Board, when, amidst the discussion of Global Trends and Technologies, a very interesting subject came through. It was regarding the Amazon CEO Jeff Bezos, who recently revealed the Success of his Company. According to Bezos, if you want…

Turbocharge Your Business Processes With Salesforce Chatter

As Companies aim to succeed and evolve in the fast paced Social Media driven world, Collaborating effectively with their internal and external stakeholders becomes the make or break difference between success and failure. The old paradigm for Collaboration that people need to be effective communicators to Collaborate internally has been replaced by the new state…

Stand Up Tall Against Information Security Breaches – Cloud Governance Is The Need Of The Hour

The Internet is becoming the town square for the modern global village and Cloud Computing is the new Industry buzz. Numerous Enterprises big and small are getting inclined towards the Cloud to leverage efficiency, reduce cost and augment expediency to the end-users by making the services and resources available wherever there is an internet connection.…

Assuring Smooth Compliance Internal and External

SAP recently statedthat those companies that indirectly access its software without paying for it could give rise to problems for some longstanding customers of the software vendor.  They have now tightened its norms and have become stricter in dealing with violations, like charging enterprises millions of dollars in license and support fees unlike in the…

Sunshine of TRUST

There was a recent study that claimed to have figured a way that could create a more virtuous society. The decade long research suggested why some people give freely of themselves while others are cold-hearted louts, why some people cheat and steal while others you can trust with your life, why women tend to be nicer…