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Why hasn't the
play "Decline of the CFO" been written as a contemporary
expression of "Death of a Salesman"?
In the "world we lost," we admired CEO, COO and CFO
through a telescopic lens, akin to the way we sight movie stars.
Now, almost daily, the newspaper's front page microscopically
details corporate theft and predicts jail locations and sentences.
To defend
misdeeds to the office of the U.S. Attorney, CEOs are dismissing
their responsibility, showing memos, sales agreements and board
minutes in an attempt to declare that unbeknownst to them, deals
were executed -- feeding their second-line troops.
Good intelligence
is oxygen for those down the corporate food chain.
Technology-prudent writers of
S404 and Bill
198 stipulate that upper management must have an up-to-date
audit (SAS70)
of outsourced technology: By the end of this decade, second-line
troops will link to previously locked-up information connecting to
back-end applications that will tab through a digital dashboard
providing business intelligence, which could be any kind of
information: financial, CRM, supply chain, mass-customization
selling tool, employee healthcare data, competitive intelligence,
ROI metrics, accounts receivable and payable information, and
monthly sales and targets.
Linking to
previously locked-up information by connecting to back-end
applications, the digital dashboard requires service-oriented
architecture using middleware, single sign-on authentication,
security and privacy. Mid-size firms are enterprises, with systems
and networks in place that rival the functionality and raw
performance of their large corporate counterparts. Imagine
concurrently linking to previously unknown external discovery. Good
intelligence levels the playing field.
There are still
spots left for the "Business Intelligence Conference hosted by
InfoToday on September 27-28, Hilton Hotel, New York City. Readers
of BetaWatch News OnLine will receive a hundred dollars off the
rather inexpensive two-day conference and can attend for $795, which
you can receive by registering at VIP
Registration
For additional
information on the conference, please view the detailed program.
"Merging internal data and external discovery for return on
investment IPO exit strategy" will be delivered by Temi
Grafstein. We look forward to seeing you in New York.
Established in
1999, BetaWatch Inc., home of digital due diligence(tm) is an
independent technology audit corporation with no hidden agenda.
Team BetaWatch
International solves management of internal controls, provides
effective and efficient compliance with applicable laws and
regulations. BetaWatch has expert knowledge regarding with the
International Organization for Standardization's document ISO 9126,
a worldwide standard for software-product evaluation and quality,
and are experts in COSO, SEC-mandated evaluation criteria.
Using COSO
methodology, Bill 198 certification is systematically expedited
rapidly and correctly. BetaWatch provides an estimate.
Identifying
critical business process dependencies on databases and staff
BetaWatch documents, evaluates, and tests controls, handing
off control monitoring to operational staff.
With Team
BetaWatch, board of directors, audit, and disclosure committees
address today's higher standards of governance, identify and act
upon appropriate accountability measures.
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