CORPORATE COMPLIANCE

Proper risk management and internal control can help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. Risk management and internal control are therefore important aspects of an organization’s governance, management, and operations. There are several frameworks and guidelines that provide a methodical approach to developing financial controls, and these can be adopted to Impero. Impero provides valuable insights and an overview on how well your organization’s risks are covered with Impero.

On May 25th 2018 the EU General Data Protection Regulation (GDPR) will be applicable for all organizations and public authorities. The aim of the GDPR is to enhance the protection of all EU citizens’ privacy, and GDPR compliance is a long and complex process. On the basis of a GDPR survey developed by legal experts within the GDPR, Impero have developed a GDPR compliance assessment and compliance solution. This solution will ease the comprehensive processes and bridge the preparation with the subsequent GDPR compliance. The compliance solution will transform a complex and time-consuming project into efficient processes, and is suitable for organizations of all sizes, ranging from small to global companies.

Month-end close is a time-consuming hassle. A myriad of tasks to keep track on, the balance sheet needs to be reconciled, and documentation need to be in good quality to satisfy internal and external auditors. And even in this rush hour of month end, financial and accounting leaders are still expected to deliver an accurate statement of the organization month after month. Having a structured month-end closing process is key to free up resources for core business activities. Impero help companies streamline their month-end closing process with a user friendly and easy to implement cloud-based solution.

Put tax control frameworks to life by combining unique insights on the elements of an efficient and sustainable tax control framework with the Impero Compliance Solution. Tightened regulatory requirements on transparency and more restrictive administration of the law by tax authorities present major challenges for management of taxes and make a fully integrated tax control framework indispensable. Failure to conduct business in accordance with legislation has the potential of both leading to financial losses and penalties as well as misrepresentation that may damage a reputation severely.

IT general controls ITGC or GCC is key to ensure a healthy and secure IT environment. Because of the complex nature of IT and the extensive use through out most any organization, ITGC should have top priority. Impero helps companies scope, run and monitor ITGCs across entities, business processes, applications, and infrastructure.