Twenty-first century market dynamics continue to dictate that companies of all sizes consider outsourcing vital operational services and IT processes. Unfortunately, many organizations are not paying enough attention to the multitude of new risks that inevitably surface with the outsourcing of increasingly complex business processes and data supply chains. Today's businesses must constantly engage in concentrated risk mitigation and liability management - especially as it relates to diligence in corporate governance practices and compliance with the laws of the land. Significant new regulatory requirements such as the Sarbanes-Oxley Act implore that companies closely scrutinize any business or data procurement processes that may affect corporate financial controls (and the accountability of those controls). As a result, enterprises need to make sure that their current and prospective outsourcing vendors strive to:
See full Article.
Posts
