Twitter-review of the 2015 GAM Highlights

The IIA put on another impressive General Audit Management (GAM) Conference again this year. Below is a quick twitter-review of some 2015 #IIAGAM highlights. Remember that RGP is a Professional Services Firm with expertise in:

  • Human Capital
  • Finance & Accounting
  • Information Management
  • Governance, Risk & Compliance
  • Supply Chain
  • Legal & Regulatory
  • Corporate Advisory & Restructuring
  • Strategic Communications

We are particularly strong in cross-functional support, listening, helping to identify the common threads and root issues, and guiding an organization with a team of experienced professionals who will walk alongside your employees and leave them more knowledgeable and ready to make progress and gains than before we arrived.

Reach out to us and we’ll connect you with an RGP representative in your area.

Now, on to the GAM highlights!

Lots of speakers addressed the more prominent role of Internal Audit in the heavy activity of Mergers and Acquisitions.

GAM_MandA

If they were not already making it a top priority, I’d bet 1,400 audit professionals attending GAM took the message back to their colleagues that they need to give cyber-security more attention

GAM_CyberSecurity

Of course, Risk Management continues to be a hot topic.

GAM_RiskManagement

Don’t underestimate the work involved in preparing to comply with the Revenue Recognition Accounting Standard.

RevRec

These were just a few of the key topics discussed at the GAM Conference this year. You can gather more information from the IIA website, Twitter and other social resources and, you can join the conversation next year! We’ll look forward to visiting with you at the RGP booth!

Big Data, Business Intelligence, blah, blah, blah…get back to asking the right questions.

I recall when I first heard the term the “cloud”. I went feverishly searching for everything that I could read that would help me to better understand this new technology. I was amused and embarrassed when it occurred to me that I had come full-circle and recognized that I had already been working for years on policyIQ which was originally launched as a web-based software as a service (in the “cloud”).

Can you relate to this sense of overwhelmedness (I think the feeling deserves its own word) when it comes to all of this big data-analytics-intelligence-talk?

“Get on board before your ship has sailed!”

All this scary-talk about what you should be doing to control an uncontrollable amount of data is just silly-talk. I want to bring back a great article that tells us again WHY all of this information matters. R “Ray” Wang reminds his readers that it’s not about your understanding of big data; your understanding and awareness of your own driving questions is what is most important.

The policyIQ team continually recycles back to our goal of supporting our clients in making meaningful business decisions. We describe a range of mechanisms supported by our application that will help you to do so: automating processes, documenting policies and procedures throughout your organization, breaking down what was once a 10—or 100—page narrative into digestible chunks of decision-relevant information (like noting all systems, roles, departments, locations, accounts, services, et cetera, touched by each procedure throughout your documentation for easy recall when a relative question arises). The bottom line, still, is helping our clients to more confidently reach key decisions.

View_policyIQ_demoIn the midst of our configuration discussions with clients we often ask our partners to step back from the application and think, instead, about the problems they work to solve every day. What are you responsible for knowing and doing on an ongoing basis that makes a difference in your bottom line? Where are your decision-heavy processes and how do you manage them? Are you still hosting weekly team conference calls (or in-person meetings) to gather updates from everyone on the team? Rallying the troops certainly is valuable—but there’s no need to waste time collecting an inventory from each person on project status. Show up with usable information in-hand. Take advantage of the opportunity to bring a bunch of great thinkers together to brainstorm, problem-solve and innovate. Make decisions.

12-11_RGP-ImageAnd, yes, we do have a solution to help you make easy work of your information problem. What’s different about us is that we don’t try to scare you and overwhelm you and then tell you how we are the only ones who can save you. We are very much like you. Resources, made up of multi-disciplinary professionals with an average of 15-20 years of experience, exists to do one thing: help you to solve your business problems. We also have our own proprietary content management application that is like SharePoint on steroids. policyIQ can be implemented and put problem-solving and decision making information in your hands—wherever in the world they may be—in less time and at a lower cost than you’d invest in just one project manager that you might send out to try to define requirements for your information management or big data needs (long before you get to development and usable information).

We agree with the sentiment of Wang’s piece: don’t be intimidated by all of the hype and reach out to us if you’d like some guidance or support from one of our seasoned professionals.