Transformation/Innovation

As an organization that has been in the internal controls and compliance space for over two decades, we are excited to see and introduce new technologies that augment or replicate our high standards.

In the last few years, as internal auditors, we have had to adopt new technologies and innovations. Adapting to change is part of our asserted strategy and capabilities – learning new tricks and new tools. However, this year posed an entirely different set of challenges as we have had to re-work our processes and systems in the post-COVID environment. While clients hire us for internal audit work, we now realize that our value of being good partners goes beyond implementing audit processes towards aligning ourselves for the wellbeing of everyone in the audit cycle.

As companies are preparing for end-of-year activities like budgeting processes, inventory counts, maintaining vendor and insurance records, employee benefit renewals, completing work for SEC filings and property tax renditions, we recommend using workflow automation to standardize and optimize these tasks.

As companies are preparing for end-of-year activities like budgeting processes, inventory counts, maintaining vendor and insurance records, employee benefit renewals, completing work for SEC filings and property tax renditions, we recommend using workflow automation to standardize and optimize these tasks.

Many of you have reached out following our Integrated Automation article.  So we thought we would expand on this and share with you additional helpful resources to assist you as you plan your organization’s automation journey.

Achieving full-scale automation or transformation is a massive undertaking for any organization. Rethinking business processes – from simple tasks to wide-scale workflows – requires that organizations overcome internal resistance, identify best technologies and almost rebuild business processes from the ground up.

A pressing issue across businesses is the continual need to do more with less, particularly without increasing costs! We have found that this can be achieved with the magical help of a cost-free tool called Power Query.

Companies can achieve automation through a range of automation tools available in the marketplace. How companies expend efforts around automation depends on available in-house software and budgets, internal and external capabilities available around the various technologies, and business goals around timelines, personnel, and costs.

Automating business processes has become a common thread across industries. The idea is simple: identify non-essential, manual, repetitive processes, and implement a discipline of automating these processes.

Houston’s innovation landscape has gone through enormous progress in the last few years. Bringing together a support system of organizations and institutions, Houston’s startup ecosystem drives startup agendas forward resulting in sustainable progress.

We routinely get asked, ‘why innovate?’ Innovating the right way delivers ongoing impact and value – and we absolutely believe this to be true.

Last week I focused on the importance of improving operating workflows and how a well-designed desk output model helps companies not just streamline their operations but benchmark their cost.

It would be difficult to find a more anodyne goal than helping businesses run better. Isn’t running your business better what every consultancy promises?

Recently, our E&P client acquired assets and as part of that acquisition needed to migrate data from one system to another.

Since Digital Transformation is so broad, delving into how it can help companies requires the process to be broken down to its stages.

To help stay competitive and maximize employee productivity, organizations should continually ensure that their teams are up to speed with the latest Excel functionalities and are routinely seeking to enhance efficiency in Excel analyses.