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  • Client Story

    February 8, 2023
    A global health services company needed to execute on its corporate promise to deliver affordability and convenience to its patients. However, the company discovered that there was a disconnect between that promise and intended delivery. Further investigating that disconnect revealed that the organisation's procedures for tracking and delivering rebate payments were hampered by complex, time…
  • Client Story

    July 19, 2023
    A U.S.-based global skincare company was unable to provide timely financial reporting and performance analytics to its key stakeholders and private equity sponsor. Protiviti partnered with the company’s CFO, VP of Finance, Controller, and key stakeholders to assess and redesign the book close, reporting, and forecasting processes.
  • Client Story

    July 24, 2023
    A leading global multinational food company headquartered in the US faced challenges in standardizing its Sarbanes-Oxley (SOX) testing across its operations spread across 50 countries and multiple entities. This led to inefficiencies and increased compliance costs. To address these issues, the company engaged Protiviti to set up a SOX Center of Excellence (COE) based in India to centralize and…
  • Podcast

    July 28, 2023
    ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organisations around the world. But it also comes with risks that these organisations must understand and manage if they’re going to capitalise successfully on these new technologies.In this episode, we talk all…
  • Whitepaper

    August 11, 2023
    The International Organisation for Standardisation’s (ISO) new global messaging standard, ISO 20022, is set to be adopted by payment processing organisations globally by 2025.
  • Newsletter

    August 23, 2023
    The big picture: So much has been written about generative AI (GenAI), it seems like a constant buzz inspiring both wonder and fear. But the value proposition is alluring. After witnessing OpenAI’s ChatGPT in action, Bill Gates said, “I knew I had just seen the most important advance in technology since the graphical user interface.”Between the lines: The opportunities for using GenAI to enhance…
  • Whitepaper

    March 13, 2024
    We’ve all heard it said: “Tone at the top” is critical to the success of a compliance function, and financial institution regulators expect CEOs and boards of directors to foster a “culture of compliance” in the institutions they oversee. We’d expect most CEOs and boards, when questioned, to say this is their goal. But what happens when the CEO and the board — intentionally or unintentionally —…
  • Whitepaper

    April 3, 2024
    Accurate financial information is the backbone of good business decisions. Considering economic volatility and changing strategic priorities, executives need timely access to reliable financial data. The financial close process is the basis of financial transparency, ensuring the accuracy and timeliness of individual company’s figures so that they can be handed over to the group for consolidation…
  • Whitepaper

    April 24, 2024
    Faced with the growing complexity of the geopolitical landscape, governments have been using financial sanctions increasingly as foreign policy tools to respond to developments as wide ranging as regional conflicts and wars, terrorism, and human slavery. In today’s highly charged geopolitical environment, sanctions compliance is a focus not only for financial institutions and regulatory…
  • Insights paper

    April 25, 2024
    Improved comparability in the statement of profit or lossCurrently, there is no standardised structure for the statement of profit or loss, allowing companies to select their own subtotals for inclusion. Frequently, companies report operating profit, but the calculation method for operating profit varies widely among them, diminishing comparability. An IASB study of 100 companies revealed that…
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