The benefits of SharePoint as a content management system and information portal tool are indisputable. With great search functionality and user definable portal pages SharePoint is now the leading Content Management solution chosen by most IT departments.
But what if your business demands strict document controls protocols, not just because it’s good practice but life depends on it? Unfortunately there is generally a poor appreciation by IT departments of the importance of document control in mission critical business.
Senior management have to come to grips with the fact that Digital Transformation is not an Event but rather the operating environment of 21st century business.
Last week saw the latest in misguided innovation talkfests, the AFR Innovation Summit #Innovation16. For several days academics, public servants, journalists, and corporate employees put forward their insights into how Australia can develop an Innovation culture.
Effectiveness is the holy grail of Compliance Management. Whether regulatory or ERM, ensuring business is conducted as intended is the base requirement to optimising your organization’s performance.
2016 has seen a virtual tsunami of compliance failures involving some of our largest companies. From Mitsubishi to VW, from ANZ to Target, almost weekly there have been media reports about some company employees having run amok – unbeknownst to their executives and boards. People are asking: “What happened to the compliance management systems that are supposed to monitor and prevent such abuses?” Executives and boards are naturally starting to question the entire compliance management function.
The Compliance Manager’s role in the modern organization is to enable/empower decision makers to take action and leave the building defensive walls to the Risk Manager with his heat maps. So how can compliance managers start realising their value adding role?
With the release of the Final Draft of ISO9001:2015 this week and its focus on risk-based Compliance Management, I thought I would share our approach to Risk-Based Auditing from our experience with the likes of Defence Aviation and the Australian Quarantine Inspection Service, both leaders in the field.
Mere compliance with a Framework is an insufficient audit approach; it is critical to assess whether it is current, timely, communicated broadly, and meets the needs of the business. The 4 biggest mistakes are:
Not being Outcome focused
Not using Risk base targeting
Not Value Adding
Not being timely
Why, with the number of fertile minds that exist in our field, is it still a case of an irresistible force meeting an immovable object. The paradox I believe, like our would-be entrepreneurs, is one of approach.
Return of Investment (ROI) does not come for automating a process but from using it to add value. Value adding comes from targeting time and resources, risk based thinking, and Business Intelligence where they can deliver the greatest benefit to achieving the organisation’s strategic goals.