Blog

Earlier this year, EY held Closing Excellence Seminars in Aarhus and Copenhagen based on their 2018 Nordic Closing Excellence Survey. The survey focused on common characters of high-performers [...]

Many companies are continuously working on their control baseline, which is great in many relations: being in control is essential to management, to improve basis for decision making and to avoid [...]

In our effort to service German customers, we have teamed up with KPMG in Germany to offer a strong and combined Tax Compliance Management System (Tax CMS) solution. With ever increasing [...]

Last week, we held training sessions in Aarhus and Copenhagen for some of our clients. The training sessions sought to provide users with both the basis components of Impero as well as insights [...]

Audit trail and internal controls The audit trail pose a specific challenge in terms of internal controls. Internal controls over financial transactions are part of a company’s full audit trail, [...]

Impero og Gensam Data har indgået et samarbejde med en vision om at levere en samlet compliance-pakke med kontroller til GDPR, risiko- og kontrolstyring, og drift af finansielle kontroller. [...]

ISO standards are widely used and accepted for bringing standardization to a global market. ISO provides consumers, businesses and regulators with quality and security in products and processes. [...]

What is RegTech RegTech, or regulatory technology, helps companies and institutions address regulatory challenges. RegTech software often helps companies automate and streamline regulatory [...]

If time is money, then time wasted is money wasted, and time saved is money saved – right?! One thing that we repeatedly hear from our clients is how they save valuable time by running their [...]

Access Impero even faster and save time  –  single sign-on is now available as an add-on. Single sign-on (SSO) is an authentication process that allows users to access Impero through one common [...]

Most companies agree on the value of documenting internal controls – both in terms of ensuring compliance and keeping the company in control. Well-controlled companies are likely to be more [...]

Organizations have in recent years dedicated an increasingly amount of resources on managing governance, risk and compliance, GRC management, – and with good reason. GRC management is very [...]

The FSA will now start probing the reasons why compliance functions in financial companies did not discover penalty-prompting infringements in time. By Complidia “In good times, it is [...]

Many organizations dedicate a lot of time to GRC management – and with good reason. Managing GRC has become a central area in most organizations. What is GRC? Governance, risk and compliance is a [...]

Month-end closing is a comprehensive and time-consuming process with a myriad of tasks to keep track of; reconciling the balance sheet and providing documentation that satisfy both management, [...]

Last week, the Government’s expert group, whose purpose is to make suggestions for tidying up the regulation of the financial sector after the financial crisis, held what is expected to be its [...]

IT governance is an integral part of an organization’s overall governance, which, among other things, has the objective to ensure accountability, fairness and transparency within the [...]

Working with risk and control is an essential task in most companies, because it helps protect the company’s current and future foundation. Efficient management protects assets and can even [...]

The cloud has become a wide concept and its various utilizations has brought on a wave of cloud-based services that help businesses run smoothly. Utilizing the cloud can entail business benefits [...]

RegTech may be a fairly new phenomenon, but its function is far from new. RegTech, regulatory technology, helps companies comply with regulations through innovative use of technology and has [...]

In today’s marketplace, business increasingly take place across borders. Therefore, borders have become blurred and are often regarded as none-existing. However, from a trade point of view, [...]

When running a business, having risks is inevitable though the impact and likelihood of the risks can differ greatly. Risk management is the process of identifying, analyzing and assessing risks [...]

The PBC (prepared/provided by clients) list is an audit request list with items that an auditor will need from the client in order to perform an audit. Among other things, the list contains [...]

Happy holidays! 2018 is near and we cannot wait to start the new year! 2017 has brought in so many awesome collaborations and partnerships, and great relations with new and existing customers, [...]

Many organizations are currently spending valuable time on agreeing with internal and external stakeholders on a control baseline for their internal controls. Once the baseline is created, [...]

Loan covenant compliance has become a critical part of the treasury department, as lenders are looking for covenant breaches as a way to reprice credit or exiting deals. What is a loan covenant? [...]

Tax Control Frameworks are becoming more and more important as authorities around the world have increased their focus on accountability and good governance. The purposes of a tax control [...]

The audit function – both internal and external – plays an essential role in every well-functioning organization and its importance should not be underestimated nor should it be [...]

September has come and our latest newsletter is here. Read about news to our solution, new clients, new office in Copenhagen and our GDPR solution. New office in Copenhagen We are expanding! [...]

Two weeks ago, we held a workshop in Greenland for our first clients in the country, Kommuneqarfik Sermersooq (Sermersooq Municipality) and Naalakkersuisuit (Government of Greenland). We are [...]

What is control self-assessment (CSA)? In today’s business environment where a culture of dynamic risk management through internal controls is a requirement, control self-assessment is becoming [...]

What is a shared service center? Implementing a shared service center makes organizations capable of gathering certain activities across departments and business units. A shared service center [...]

Risk and control is a natural consequence of running a business, as performing business entails risks. For example, when selling a product, there will be the cost of producing the product, and [...]

Obtaining consent All organizations need to distribute policies, procedures, standards and manuals to employees, and track these to ensure that employees have read and understood these documents. [...]

Summer is here! We hope you will have a nice time whether you are working or on holidays. New people and possibilities On May 1st, Kristian Bollerup joined Impero as Chief Product Officer, after [...]

General Data Protection Regulation (GDPR) On May 25th 2018 the EU General Data Protection Regulation (GDPR) will be applicable for all organisations and public authorities. In practice, [...]

IT controls are becoming more and more important to perform and document, but this also poses a line of challenges. The increasing requirements to performance and documentation of IT controls [...]

Deep tax expertise and strong software Put your tax control frameworks to life by combining KPMG Acor Tax’s unique insights on the elements of an efficient and sustainable tax control framework [...]

As organizations grow, so does the need for monitoring activities. Implementing  internal control tools can help organizations monitor and measure all activities to assess their performance. The [...]

Planning can be everything when it comes to finishing the financial statements and tax returns early. A continuous process throughout the year can ease the burden and make the process smoother [...]

ISO 9001 has been revised to keep up with the ever-changing world, where technology is under a constant development, supply chains are becoming more complex, and geographic boundaries are almost [...]

In a world where more and more activities are carried out through online tools, information security management has become more important than ever before. Both in the private and the public [...]

The Bribery Act 2010 was introduced as there was a need to update and enhance the law on bribery to address the issue of bribery on a much broader basis than previously. The Bribery Act is among [...]

Insurance companies and banks are increasingly subject to requirements of performing and documenting internal controls. These requirements derive from the likes of the European Solvency II [...]

In large organizations, the same documentation can be needed in different departments, at different times and for different purposes. The same documentation that may be used internally in the [...]

There are less than 250 days till May 25th 2018 where the EU General Data Protection Regulation will take effect. GDPR compliance can be difficult as it is a complex and comprehensive regulation, [...]

Read about strong partnerships, enhanced global presence, analytics – new module in the making, upcoming webinar and more. Impero – compliance around the world Impero is a true [...]

Have you heard of the ISAE 3402 standard? It is a standard that was developed to provide information and assessment of controls within service organizations. ISAE 3402 if often used by service [...]

Spreadsheets can be great for solving complicated problems and to analyze data. However, complexity also comes with the risk of errors. Useful functions are being challenged by flaws and by the [...]

The SOX act was introduced in the beginning of the 00’s, where there in the wake of several major corporate fraud scandals, came a need for protecting shareholders. The act includes eleven [...]

IT security – your responsibility goes beyond your company It might seem obvious that you should have control over your own IT systems and security, but are you also in control when it comes to [...]

Perhaps you have heard about the ISO International Standards? Most people know ISO 9001, which specifies requirements for a quality management system in organizations. However, ISO covers a wide [...]

Balance sheet account reconciliation is an important but often very time consuming hassle. The aim is to ensure accurate recordings of transactions and thereby accurate reporting. As this [...]

Merry Christmas We at Impero wish you a Merry Christmas and a Happy New Year. Features such as reminders, new ways to attach files and the risk map, have been introduced. We are looking forward [...]

Welcome back! We at Impero hope you all enjoyed the summer and are back at work full of energy. We have spent the summer improving the Impero solution and are eager to present these to you. [...]

Companies handling personal data will be affected by the new EU regulation for General Data Protection, which will take effect from 2018. The regulation contains a long list of requirements that [...]

Reassign control Do you have controls hanging uncompleted because the responsible or reviewer is on holiday or no longer with your company? Now there is an easy way to reassign such controls to [...]

Hafnia Tankers needed a strong tool for keeping track of their internal controls. They found Impero to be flexible and easy to use. “Hafnia Tankers is working on becoming SOX compliant and needed [...]

Impero two-factor authentication (2fa) is an easy way to strengthen security when using Impero – especially when using Impero from outside the Company domain, Impero 2fa may be worth [...]

Now you can organize your programs according to your own preferences with the filter view. We want you to organize your dashboard the way that works best for you. That is why we have designed a [...]

An extra pair of eyes can enhance the quality of business controls. In some cases, documented review may even be required in order to meet legal requirements. A review workflow is typically based [...]

While you all enjoy your much-deserved vacation, we will make sure that there are new improvements ready for you in August. During the last few months, we have added a series of functions and [...]

How is your organisation handling cybersecurity? We just released a set of controls that you can use to strengthen cybersecurity within your organization. The controls are available in Impero [...]

We have just added Inventory controls to Impero Share. Take a look at Impero Share if you are looking for inspiration on relevant controls. We continually update our template catalogue, and we [...]

Assigning multiple users to controls is now made easier with user groups. Create your own groups, or reuse groups created by your colleagues. Simple and time saving. By assigning user groups to [...]

Looking for inspiration on relevant controls in relation to Procure to Pay? Impero Share is now updated with easy to use controls. We find that well-designed controls help reduce the risk of [...]

Looking for inspiration on relevant controls related to fixed assets? Impero Share is now updated with easy to use control templates related to fixed assets. We have updated Impero Share with a [...]

We have released new controls with enhanced focus on the it security area. Impero Share gives you a head start when you are working with it security. The new controls offer control templates [...]

Impero has launched a new feature to Impero. The feature makes it possible to assign tags to users. Using tags will make it easier to use the same control multiple times. We continually develop [...]

We have released new controls for General Ledger. You can find these new easy-to-use controls in Impero Share. We continually update our catalogue of controls. We find that well-designed controls [...]

Looking for inspiration on relevant controls related to payroll? Impero Share is now updated with easy to use controls related to payroll. Well-designed controls help reduce the risk of mistakes [...]

Impero does not send auto-generated reminders to users, but we have just launched a new feature that will allow you to send reminders manually. Impero has a philosophy about emails: Too many [...]

We have added new controls on Order to Cash to Impero Share. Go to Impero Share to find new and easy to use controls. Impero Share has been updated with new controls that you can use as they are, [...]

Impero Share is a newly launched feature that offers a head start when creating controls. In Impero you will now find a collection of industry and process-specific control templates ready for [...]