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Advisory- Information Technology (IT) Strategy 

The success of modern-day businesses relies increasingly on its ability to incorporate Information Technology (IT) into its business processes and improve their core competency. IT strategies focus on how IT can help the organisation further its business goals and improve the efficacy of business processes. IT strategies should also be aligned with the company’s vision and mission, so that the outcomes support the growth of the company. 

What We Can Do For You 

IT Governance

  • Align IT strategy with Business strategy
  • Risk & Compliance
  • Using IT to drive progress

 

Procurement Strategy

  • Internal Needs Analysis
  • Developing & Implementing Sourcing Strategies
  • Supplier Negotiations
  • Transition Planning

Strategic Technology Investment Management

  • Resource allocation and investment 
  • Technological solutions for managing projects 
  • Technological Prioritisation

Staff Training

Proper training has to be provided to employees whenever a new IT software is rolled out

Regulatory compliance

Cybersecurity and privacy are a huge concern to many. Regulatory and data protection laws have been put in place to protect the privacy of employees and clients. Therefore, companies must create good policies to prevent data breaches.

To know more about data protection in Singapore, click here.

Core IT Operations

Strengthening a company’s core IT operations against cyber threats is a top priority. Firms should develop effective risk-management structures to identify, assess, monitor and manage operational risks.

 

(Information adapted from ISACA)

Evolving Digital Technology and Automation

An increasing number of businesses are investing in advanced technologies. Although this reaps benefits for the company when it comes to efficacy and accuracy, however, this comes with higher risks of data breaches and system failures. 

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

The post IT Strategy appeared first on ForBis Accounting.

]]> IT Audit https://forbisaccounting.com/project/it-audit/ Thu, 17 Sep 2020 02:35:15 +0000 https://forbisaccounting.com/?post_type=project&p=6826 The post IT Audit appeared first on ForBis Accounting.

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Information Technology (IT) Audit 

The importance of an IT audit

An Information Technology (IT) audit is the examination and evaluation of an organisation’s IT infrastructure, policies and operations. This is extremely important in an era where technology is rapidly evolving and the risks of a cybersecurity breach and attacks are constantly increasing. Businesses should constantly evaluate their IT controls to protect corporate assets and ensure data integrity. 

IT Audit Domains 

Cybersecurity/ information security 

With the advancement of technology, organisations are faced with an increasing number of regulations and internal corporate requirements to exhibit appropriate management and protection of information assets. 

Data Location and traceability 

Accounting for the data used by the organisation, where they are located and how they are secured. Maintaining a record for various types of data, how they are interfaced between systems and what transformations were applied in the process.

Evolving digital technology and automation 

An increasing number of businesses are investing in advanced technologies. Although this reaps benefits for the company when it comes to efficacy and accuracy, however, this comes with higher risks of data breaches and system failures. 

Regulatory compliance 

Cybersecurity and privacy are a huge concern to many. Regulatory and data protection laws have been put in place to protect the privacy of employees and clients. Therefore, companies must create good policies to prevent data breaches.

To know more about data protection in Singapore, click here. 

Core IT Operations 

Strengthening a company’s core IT operations against cyber threats is a top priority. Firms should develop effective risk-management structures to identify, assess, monitor and manage operational risks. 

 

Information adapted from ISACA

Why you should choose ForBis 

Our professionals at Forbis have at least 10 years of experience in IT audit. We are able to provide holistic audits that include finance and process efficiency. Risk analysis will be done before embarking onto new projects. 

 

Enterprise Development Grant (EDG)

The EDG supports Singapore companies in their growth and transformation. EDG mainly supports projects that help companies to upgrade their businesses, innovate, expand/venture into other countries, under three pillars, namely Core Capabilities, Innovation and Productivity as well as Market Access.

EDG funds qualifying project costs (e.g. third party consultancy fees, software and equipment, and internal manpower) for organizations. 

EDG helps companies to strengthen their HR capabilities by providing support levels of up to 80% for SMEs, up to 60% of qualified costs for non-SMEs from 1st April 2020 to 31st December 2020. However, EDG does not cover costs incurred from standalone training courses, incentives, benefits and welfare subsidies for employees.

EDG provides resources such as HR Diagnostic Tool, HR Portal, Talent Attraction and Development Initiatives, as well as HR Industry Manpower Plan, which helps to further engage employees. 

 

For more information, read more here. 

Get Started Today

Take control of your corporate finance reporting.

Get in touch with us to learn more

Make An Appointment

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