Smart Move!!! Shift to IFRS

The use of International Financial Reporting Standards (IFRS) as a universal financial reporting language is gaining momentum across the globe. IFRS has already been adopted by many countries in Asia and Europe, and is rapidly gaining acceptance in the remaining key markets. US SEC is proposing a roadmap requiring IFRS adoption between 2014 and 2016. Adoption of IFRS will be one of the most significant changes that publicly traded companies will have to deal with over the next few years. In line with the global trend, in India, Ministry of Corporate Affairs (MCA) along with the Institute of Chartered Accountants of India (ICAI) has proposed a roadmap for convergence with IFRS for certain defined entities, with effect from accounting periods commencing on or after April 1, 2011.

How do you choose - Collaboration and ECM Solutions

Collaboration, Portals, Social Networking (SN), Document Management (DM), Content Management (CM), Web Content Management (WCM) and Record Management (RM), Digital Assets Management (DAM) – these are the elements and components of Enterprise Content Management (ECM) and we hear these key words day-in-day-out. It’s very incomprehensible to align and prioritize these in proper order for end-user usage, adoption and design enterprise solutions to achieve business goals.

Taxonomy for an Enterprise

When you visit a shopping malls or a Grocery stores, you will see  all the items  – everything is arranged in aisle, racks, shelves with label, tag (name and description, if some cases), price – product expiry information, nutrition information and etc. It makes a shopper very easy to find what is looking for and where to find it thereby enabling SELF-HELP experience – touch the product and feel it before you actually buy it.

 

Podcast: Business Process Management - Q&A with experts

Podcast Highlights
Business Process Management is a rapidly growing space that seeks to align business needs with technology. In this discussion we will explore the world of BPM and de-mystify some of the concepts surrounding it.

Speakers

 

Satishchandra Nayak, Principal – Business Process Transformation,

 

Prachi Puro, Solutions Architect, Business Process Transformation

Click here to Listen

Governance for ECM, How do we do it?

Enterprise Content Management (ECM) is an emerging set of the technologies used to capture, manage, store, preserve, and deliver content and documents related to organizational processes; ECM tools and strategies allow the management of an organization’s unstructured information, wherever that information exists. It's not enough to "manage" content. Of course, the ability to access the correct version of a document or record is important, but organizations must go further. Content must be managed so that it is used to achieve business goals. Critical to this strategy, are the tools and technologies of ECM, which manage the complete lifecycle of content, “birth to death.”

EDI over the Internet

The revolution for EDI has been taking place since the last decade. Although the figures might tell the VAN (value added networks) have been successful to survive several odds. But now the internet technologies are coming forth to embrace the EDI protocols and methodologies.

EDI (Electronic Data Interchange) has been an ANSI X12 or an EDIFACT standard driven with VAN as the primary transport. There are 2 considerations primarily for EDI or e-Commerce - the Translation/Transformation and second the Transportation. Translation is the mechanism to convert the business data into Trading Partner understandable data, and transportation is the mechanism to publish/receive the business data. EDI cryptic files (ANSI X12 or EDIFACT) over VAN transports have been extensively the mechanisms of yester years.

Economic downtime is the right time for CIOs to focus on few important things…

“Cost Cuts” seems to be the global mantra and IT is no exception to that., Hold on hiring, Travel cuts, and also a significant slash in the number of projects being kicked-off – The clear message is “Slow down almost everything that is humanly possible”.

Leading towards GREEN PMO – The Way Forward

PMO in many organizations defines and maintains processes, based on project management principles, which are further based on accepted, industry standard methodologies such as PMBOK or PRINCE2. As PMO owns the processes and is responsible for facilitating the strategic alignment of organization’s projects to core business objectives, PMO can play a key role in helping organizations to meet their GREEN objectives.

PMO – Key to ensure Business IT alignment

According to Forrester, PMO has become the strategic center of IT. Various other surveys report that, IT Departments face great challenges in delivering the projects on time & budget. Surveys also show that organizations spend ~80% of IT budgets on tactical initiatives and only ~20% on strategic that are directly linked with business objectives.

The 4 P’s of SaaS Governance

It is a rapidly evolving IT landscape where a host of hitherto Software Products and Solutions Vendors having on-premise offerings are making a rapid transition towards SaaS Offerings or On Demand Solutions. Given this reality, it is imperative to ensure that the Governance of your SaaS Vendors and their Services becomes an important lever of your forward-looking IT Governance Strategy.