Harvard Corporate Governance

MAY 23, 2022

Where once private company boards were dominated by members of management and investors, independent directors now make up slightly over half (51%) of the average private company’s board (up from 43% in 2020) according to a recent survey. This post is based on their PwC memorandum. Why the shift? more…).

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N Contracts

JULY 6, 2023

Vendor due diligence is the practice of thoroughly assessing and managing the risks associated with your bank’s third-party service provider relationships.

Banking 78

Banking 78

N Contracts

NOVEMBER 2, 2023

November 2, 2023 -- Ncontracts , the leading provider of integrated compliance, risk management, and vendor solutions for the financial service industry, and findCRA , a nationally-recognized RegTech company providing cloud-based CRA research software, have announced a new strategic relationship. BRENTWOOD, Tenn.,

Banking 59

Banking Compliance 59

N Contracts

MARCH 30, 2022

Regulators recognize that third-party vendors play a critical role in delivering products and services and take compliance with vendor management regulations very seriously. What are they looking for?

Compliance 79

Compliance Banking 79

Appraisers Blog

MAY 19, 2023

One degree away, within the networks which distribute the work order requests, which these companies fulfill, are also other requests such as the photo takers and simple home inspector services, which the same companies also often fulfill. link] [link] (read their vendor requirements ‘requirements of the job’ section.

Appraisal 98

Appraisal Start-ups 98

Appraisers Blog

MARCH 4, 2024

The amc industry and their deceptive predatory billing structures has raked billions of dollars which would have otherwise gone to appraisers, and been returned to consumers as cost savings for the service. The solution when conspirators racketeer and collude to defraud consumers and vendors alike, is not to rescind rules that work.

Appraisal 75

Appraisal 75

Audit Board

JANUARY 11, 2023

Benefits of Automating Third-Party Risk Management. The current environment of heightened third-party software attacks and subsequent legislative response is elevating third-party risk management (TPRM) as an organizational priority. The information management and automation benefits that. How to Respond.

Compliance 52

Compliance 52

ThomsonReuters

MARCH 8, 2024

How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Take an approach that considers who your clients currently are and the nature of the services you currently provide. How do firms think ahead to provide better services for their clients?

Technology 96

Technology Accounting Firms Compliance 96

Audit Board

MARCH 23, 2023

Customers, regulators, auditors, and cyber insurance providers are also leaning on organizations to demonstrate proper vetting and deeper management of their partners, according to multiple survey respondents. Among those whose organizations were affected, 52% reported the source of their attack was a software vendor.

Compliance 52

Compliance Technology 52

N Contracts

MARCH 15, 2024

Complaint management requires direct communication, but that’s easier said than done. Departments are named after the specific set of tasks they focus on (compliance, risk, vendor management, lending, or customer service). Most financial institutions are siloed.

Compliance 52

Compliance 52

Audit Board

OCTOBER 12, 2023

AuditBoard and RSM’s new ebook, Third-Party Risk Management: Trends and Strategies to Help You Stay Ahead of the Curve, translates current TPRM trends and lessons learned into actionable ideas to help your organization identify, reduce, and monitor third-party risk. Identify critical vendors and assess their business and cyber resiliency.

Technology 52

Technology Compliance Banking 52

M&A Leadership Council

APRIL 4, 2023

Complex Transactions, Third-Party Vendor Relationships and IT Management All Call for Thorough TSAs By William Blandford, Managing Director at Blandford Associates and Member of the Board of M&A Standards Why do so many divestitures fail to live up to their potential value? Software licenses are the perfect example.

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Appraisers Blog

JUNE 12, 2023

The appraisal industry has been frozen in time due to consistent application of excess regulation as lenders time and time again over many decades successfully passed blame for their behaviors, down to the independent appraiser vendor.

Appraisal 95

Appraisal Marketability 95

Audit Board

FEBRUARY 28, 2023

Thus, organizations — from small businesses to huge government agencies — were reminded of how vulnerable they are to cyberattacks through service providers and software with privileged access. As a result, organizations are now emphasizing third-party risk, and many are devoting more attention to risk management in this area.

Compliance 52

Compliance Technology 52

Benzinga

JANUARY 9, 2023

On Friday, Confluent, Inc (NASDAQ: CFLT ) shared plans to acquire Apache Flink vendor Immerok. Further, it may provide an even more robust managed services offering versus the alternative DIY approach through a combination of open-source Kafka and open-source Flink and, therefore, greater adoption from the 100,000+ organizations.

Technology 52

Technology 52

Audit Board

FEBRUARY 8, 2023

Managing third-party and supply chain threats remains a daunting task, according to new research from CyberRisk Alliance Business Intelligence, which gauged companies’ understanding, interest, and investments in managing third-party risk. Most respondents said they are increasingly working with more third-party products and services.

Compliance 52

Compliance Technology 52

Sun Acquisitions

FEBRUARY 9, 2022

Sun Acquisitions announced today the successful acquisition by Recycle Track Systems (RTS) of Elytus, an Ohio-based third-party administrator of waste services. Larry Sanderman, Managing Director of Sun Acquisitions, led this successful Buy-Side engagement for RTS, which generated Elytus as one of many proprietary deal flow opportunities.

Technology 92

Technology Marketability 92

Appraisers Blog

AUGUST 3, 2023

This is how appraisal management companies incentivized appraisers to engage in unethical activity. Amc’s clearly have a motivation to drive appraiser vendors fees down, drive consumers fees up, and pocket the difference.

Appraisal 75

Appraisal 75

M&A Leadership Council

OCTOBER 22, 2023

For example, remaining employees may feel guilt with respect to the employees who lose their jobs—either personal guilt because they (as managers) axed jobs or survivor guilt because their own jobs were spared. It takes a lot of management time communicating with a vendor about expectations.

Mergers & Acquisitions 52

Mergers & Acquisitions Finance Technology 52

ThomsonReuters

MAY 27, 2021

QUESTION: We have heard that there are revised requirements for agreements with plan service providers. ANSWER: ERISA’s prohibited transaction exemption for plan service arrangements has been amended to add extensive disclosure requirements that apply to certain types of arrangements beginning in December 2021.

Compliance 52

Compliance 52

Benzinga

AUGUST 21, 2023

Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry Amazon.com Inc (NASDAQ: AMZN ) has reignited its external shipping service, Amazon Shipping, challenging its direct competitors, FedEx Corp (NYSE: FDX ) and United Parcel Service Inc (NYSE: UPS ). Amazon Shipping now caters to the contiguous U.S.,

Marketability 52

Marketability 52

Audit Board

JUNE 30, 2023

While the third-party risk universe has expanded dramatically, risk management hasn’t kept up. Supply Chain and Nth-Party Risk Focus Your company’s supply chain comprises the flow of goods and services made up of internal and external third parties, including any software supporting those goods and services.

Compliance 52

Compliance 52

Audit Board

JUNE 30, 2023

While the third-party risk universe has expanded dramatically, risk management hasn’t kept up. Supply Chain and Nth-Party Risk Focus Your company’s supply chain comprises the flow of goods and services made up of internal and external third parties, including any software supporting those goods and services.

Compliance 52

Compliance 52

Viking Mergers

MAY 13, 2022

You may also be familiar with failed examples of mergers like AOL and TimeWarner or Daimler Benz and Chrysler, neither of which managed to go the distance together. The Buyer strategically acquired another custom screenprinting and embroidery business whose customers were largely commercial service companies and manufacturers.

Mergers & Acquisitions 130

Mergers & Acquisitions Marketability Business Valuation Technology 130

M&A Leadership Council

FEBRUARY 21, 2024

A Well Written TSA Eases IT Transitions By William Blandford, Managing Director at Blandford Associates While many people have participated in the acquisition of a business, fewer have participated in a carve-out, a type of divestiture where a part of a business is sold. The transition services agreement (TSA) is critical to the process.

Mergers & Acquisitions 59

Mergers & Acquisitions 59

Internal Audit 360

NOVEMBER 22, 2023

Internal controls provide the basis, the foundation, on which management and the board rely as they manage and direct the organization to success. He told me that he was frequently engaged to help an organization upgrade its risk management program. But… when he met with management, he didn’t ask them about “risk.”

Technology 52

Technology 52

ThomsonReuters

APRIL 6, 2023

Properly managing the accounts payables process ensures consistent and accurate financial information, while also supporting strong business relationships with vendors and suppliers. This includes all of the money a company owes to vendors and suppliers for goods and services provided to the business before they are paid.

Finance 52

Finance Technology 52

Benzinga

MARCH 4, 2024

TSXV: AKR , OTC: AKRFF ) (the "Company"), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to provide an update on their recent acquisition of Simpliconnect. HAMILTON, Ontario, March 04, 2024 (GLOBE NEWSWIRE) -- Ackroo Inc.

Marketability 45

Marketability Technology 45

ThomsonReuters

APRIL 6, 2023

If out of balance, immediate attention is needed to regain financial wellbeing. As an accountant, your clients depend on you to help manage their finances. Accounts payable (AP) , is the list of all amounts a company owes to its vendors. This includes products or services that are purchased and invoiced. Is billing AP or AR?

B2B 52

B2B Technology Finance 52

Benzinga

OCTOBER 11, 2022

11, 2022 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (" StorageVault ") ( SVI-TSX ) has agreed to acquire two stores from one arm's length vendor (the " Vendor ") for an aggregate purchase price of $14,160,000, subject to customary adjustments (the " Acquisition "). TORONTO, Oct. ir@storagevaultcanada.com.

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Benzinga

FEBRUARY 19, 2023

20, 2023 (GLOBE NEWSWIRE) -- The global solid waste management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Growth Projections: The global solid waste management market size was USD 285.16

Marketability 40

Marketability 40

ThomsonReuters

DECEMBER 20, 2020

In other words, end consumers pay sales tax when they purchase goods or services. legal services). Sales tax : Resellers issue a tax exemption certificate to the vendor and do not pay tax on purchases of items to be resold. VAT : Resellers pay tax to the vendor and reclaim the VAT for the tax amount paid on business inputs.

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Audit Board

SEPTEMBER 9, 2022

Vendor vulnerabilities continue to plague many industries and teams are struggling to manage the associated risk volatility. A strong third-party risk management (TPRM) program can help alleviate the impact of related risks. Trends and Approaches for Handling Third-Party Risk Management.

Start-ups 52

Start-ups Compliance Banking 52

IT Valuations

OCTOBER 18, 2023

Here are some key takeaways in the state of the market for IT services firms for 2023 and beyond : Demand is there but buyers are nervous. They’re still buying IT firms, SaaS providers, and other channel vendors to increase the value of their overall portfolios. Private equity interest in buying tech firms hasn’t waned much.

Marketability 40

Marketability Private Equity Firm Debt Financing Equity 40

Benzinga

AUGUST 22, 2022

TAGG's experienced management team will remain with the business. 22, 2022 (GLOBE NEWSWIRE) -- Hub Group (NASDAQ: HUBG ) announced today that it acquired TAGG Logistics ("TAGG"), an industry-leading provider of e-commerce, B2B and omnichannel fulfillment solutions, including warehousing and transportation services. OAK BROOK, Ill.,

B2B 75

B2B 75

Audit Board

APRIL 20, 2022

The expansion of the SaaS business model has led to a proliferation of System and Organization Control (SOC) 2 reports to meet the needs of businesses requiring detailed information regarding their IT vendors’ controls related to security, availability, confidentiality, processing integrity, and privacy. Myth #1: SOC 2 is a certification.

Compliance 98

Compliance 98

Benzinga

MAY 2, 2022

These assets include the award-winning CloudCheck® WiFi experience management and Expresse® access-network optimization solutions deployed by leading tier 1 operators globally. Advanced service insights and recommendations: broadband traffic and user behavior modelling to identify service and network-upgrade opportunities.

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