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  • Blog
    Avoiding “IoT Inertia” in the Oil and Gas Sector Requires an IoT Strategy
    To understand how the practical application of Internet of Things (IoT) technologies can potentially transform traditional operations and create value for businesses, just look to the oil and gas sector. Digitalization of oil fields began in the industry years ago. And now that sensors are more affordable, even small and midsize companies have the ability to track, in real time, data generated…
  • Blog
    2017 VRM Study: De-Risking Amid Cybersecurity Concerns
    Four years into a regulatory push to improve vendor risk management, organizations across industries are getting smarter about who they work with and how they are working with them. The rate of improvement, however, may not be fast enough to keep up with the accelerating challenges of the external risk and regulatory environment, according to the 2017 Vendor Risk Management Benchmark Study from…
  • Blog
    Beyond Cost Savings: Driving Long-Term Value With Supplier Relationship Management
    Certain supplier relationships can be restraining – a supplier with whom negotiations are challenging and the ability to leverage volume or spend is limited, for example. Then, the question is “Without traditional leverage or any apparent substitute suppliers, how can procurement continue to drive value for the organization?” In many cases, the answer is to focus on longer-term supplier…
  • Blog
    Setting the Audit Committee Agenda for 2018
    With new accounting standards, audit quality pressures from the Public Company Accounting Oversight Board (PCAOB) and uncertainty in the business and regulatory environment, many audit committee members I talk to say they feel tasked to the limit. This is not new. Stretched audit committees is a common phenomenon, and has been for years. When planning the agenda for the upcoming year, it’s easy…
  • Blog
    Can Digital Mortgages Connect You to Millennials? Find Out in the Latest Compliance Insights Podcast
    Digital mortgages, clarifications on Russian sanctions under CAATSA, and more guidance on the new FASB lease accounting standard are the topics in the December issue of Compliance Insights. Listen to our podcast below for a discussion of two of these topics by Protiviti Managing Directors Steven Stachowicz and Rob Gould, and download the full issue to peruse all stories at length. [audio mp3=…
  • Blog
    Is Servitization Manufacturing's Future? For Many, the Answer Is Yes.
    Many manufacturers see “servitization” — the process of moving from a product-centric business model to a bundled product-and-service one — as an inevitable future shift for their organization. What they often have difficulty visualizing, though, is when and how to make that move, and how long they may need to wait before they see a return on their investment from this new strategy. The latter…
  • Blog
    Top Risks for 2018: Disruptive Innovation, Resistance to Change
    Having had a year to digest the aftermath of the U.S. election-driven economic, global trade, regulatory and other jitters that may have skewed the global risk outlook for 2017, executive perspectives on the top risks for 2018 have refocused on technology-driven change, and how well organizations are prepared to manage that transformation. Earlier this month, Protiviti and North Carolina State…
  • Blog
    Perception vs Reality: What Is Procurement's True Value When It Comes to Savings?
    In Protiviti's Procurement Survey, conducted in the first quarter of last year, two findings stood out: Half of finance function respondents reported that only 20 percent of the savings procurement claims to achieve fall to the bottom line, and Only one-third of respondents, from both finance and procurement, agreed that there was a collaborative relationship between the two functions.…
  • Blog
    Security Advisory: Meltdown and Spectre – Processor Flaws Expose Networks to New Class of Vulnerabilities
    Security researchers have identified a flaw, present in most computer processors, that allows unauthorized disclosure of information. The flaw, which affects most major processor manufacturers, is the first known instance of a security vulnerability at the processor level, and could be exploited in servers, workstations (including laptops), network infrastructure, mobile devices, IoT devices and…
  • Blog
    The Current State of Internal Audit Data Analytics
    The explosion in the use of digital channels and the data they produce have caused a corresponding rise in the use of data analytics by the risk management and internal audit functions within financial services firms seeking to streamline their processes to gain efficiency and adopt a more agile approach to risk management. The internal audit function has been using data analytics for some time…
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