Training Doyens

OVERVIEW A real life case study serves as the background for this lesson in analysis and data gathering. Based on a situation where a business has been stable and profitable for several years a group of auditors completed an engagement that aligned with new managements ideas of growing the company. Through their work and analysis the audit team provided management with recommendations that changed the business model and resulted in increased profitability and growth. WHY SHOULD YOU ATTEND There are several value points found in this webinar, focussed on data analysis and business modeling . First of all participants will learn how to use big data analytics, and how to gather and aggregate data so that analysis can be more complete and comprehensive. Then, using that data, discover big data analytics solutions that provide alternative observations questioning the status quo and looking for different answers than found in typical audit and risk processes. Finally, through aggr...

Businesses today collect data at every point of the customers’ journey through various sources like digital clicks, mobile app usage, social media interactions and more. These data, if analyzed properly, can provide useful insights to make the business processes more efficient and productive, regardless of the industry they belong to. Companies have realized that the best way to gain a competitive edge in the market today is by providing a great experience to the customers.  Data analytics helps businesses  make better use of customer data to generate higher customer satisfaction and long-term loyalty. And, with data more accessible than ever, business that fail to deliver exceptional and personalized experiences to customers need to catch up with the latest technology that many businesses are taking advantage of. More and more advance technologies are emerging for analyzing the huge volumes of both structured as well as unstructured data, using which businesses can make s...

Increase ROI Return on Investment (ROI)  is defined as the ratio of net profit and financial investment of a business. It is the financial return a company receives from spending money on its business. For business owners, increasing ROI depends on how well they manage the company finances and business assets. In small businesses covering expenses requires well thought strategies to ensure that “less is more.” Often employees need to take care of multiple roles and work with limited resources to minimize investments and increase profits. However, be it small or big, for every business, it’s crucial that the ROI keeps on increasing. Although, business always comes with multiple risks, there are a few strategies that can help in increasing  ROI of your business: Analyze Company Finances You need to have a detailed financial map of your business that demonstrates the areas where your company is spending. This is crucial for developing an effective strategy for increa...

OVERVIEW This webinar uses a case study of the Red Fern Trust Company to demonstrate how data analytics in business can become a valuable part of the audit process. More than just detective data or ad hoc review of existing data elements, this webinar will take the attendee past the common and the basic to new levels of effectiveness and contribution. Utilizing common internal audit processes with slight modification of analysis and ensuring compliance with IIA standards, this webinar will show all auditors, risk managers, and compliance or quality assurance staff how to provide more value for each assignment. Using Data Analytics to change a Business Model WHY SHOULD YOU ATTEND This webinar is a must for any auditor that wants to set themselves apart as an expert analyst and achieve trusted advisor status.  The review of data, inherent in many audits today, is not enough to be successful. Internal Audit requires more from itself and more is expected of audit by its ...