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Customer Value Story: Prevention is Better Than Cure

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Innovation is no longer a competitive differentiator; hospitals, clinics and pharmacies now rely on the flexibility and capacity of their technology to continue providing services. In the short term, this left room for human error, missed deadlines and failed audits. Introduction. Could it result in a negligence lawsuit?

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5 Steps To Developing A Corporate Compliance Program

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More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Set up a mechanism for monitoring and auditing. Importance of a Corporate Compliance Program.

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5 Steps to Implement Enterprise Risk Management (ERM)

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Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters. The result should be better, more strategic decision-making. Key Elements of Enterprise Risk Management.

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5 Steps to Implement Enterprise Risk Management (ERM)

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Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.

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Important KPIs for Successful Vendor Management

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Ongoing monitoring of vendor compliance activities assures alignment with your legal requirements because non-compliance with these regulations frequently carries steep fines. Vendor business decisions that conflict with your firm’s strategic goals create strategic risks. Business Continuity. Staff training.

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The Difference Between Strategic and Operational Risk

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On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Business Risks.

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What Is Enterprise Risk Management & Its Importance

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There are many different types of risks, such as operational risks, financial risks, or strategic risks; as well as others including reputational, regulatory, or cybersecurity risk. ERM looks at risk management strategically and from an enterprise-wide perspective. Control Activities. What is ERM? Monitoring.