The Ledger

Shorter Time Frames Lead to Better Forecasting

Brad McMillan, Chief Investment Officer at Commonwealth Financial Network, discusses the importance of time frames in economic forecasting in a recent Forbes Magazine article. He claims that when shorter time frames are used, you can have better visibility than over longer periods. The goal is to identify signs of trouble ahead and then reacting to them instead of predicting when they will show up. Over longer periods, though, the variability and potential for surprises make forecasts increasingly unlikely. It’s much better to keep an eye on the data, develop warning signs, and watch for them rather than watch the calendar.

Read More at Forbes Magazine >

Zero Based Budgeting: From Zero to Hero

An increasing number of global corporations are adopting zero-based budgeting as a financial technique. In a zero-based budgeting process, all expenses in the organization are analyzed and justified each new reporting period. Every unit within the company starts from a “zero base,” and its costs must be associated with specific needs. The budget for each organizational function is set based on its future costs, regardless of costs in previous years. Companies that follow this strategy tend to create a culture of awareness about cost drivers, budget cuts and targets.

Read More at Global Finance Magazine >

Keep Supply Chain Finance Off the Balance Sheet

Improving cash flow is a constant challenge, and it is difficult to find an approach that doesn’t negatively impact a company’s financials. Unlike borrowing or factoring, supply chain finance transactions occur off-balance sheet. This makes them less susceptible to leverage ratio compliance concerns, and result in an improvement to these ratios. So, how do supply chain finance transactions avoid being classified as bank debt? It comes down to the structure of the program.

Read More at The Digitalist by SAP >

Protect Your Company from a Data Management Crisis

“Data has been described as the oil of the modern economy, as it powers virtually every business model. Companies spend huge amounts of money to gather, organize, and extract value from information in all of its forms.” The goal of any data management specialist is to keep data flowing and to protect it against inappropriate use such as setting up data center colocation. Managed Data Protection is a cloud-based data security service, enabling you to quickly encrypt and protect your most sensitive data.

Failure to patch a database vulnerability promptly can result in a tragic security breach and can be extremely costly. New technologies are introduced when there is a need. An email intelligence database can help identify risky email behavior and protect against fraud. It is worth investing your time and money into these enterprise technologies so you can derive more value from ever-increasing amounts of data.

Data breaches and other concerns have business owners working hard to find solutions that not only provide the best protection, but are also manageable for employees to use. In today’s digital world, passwords play a critical role in keeping your business information safe. That’s why it’s essential to use a digital password manager to create a secure password that can’t be cracked.

Zero Trust Security operates on the principle “never trust, always verify.” It requires all users and devices, whether inside or outside the organization’s network, to be authenticated and authorized before gaining access. This model eliminates the concept of a trusted internal network, treating all traffic as potentially malicious and requiring continuous validation.

Moreover, CyberArrow is a technology first solution that automates the evidence collection for HIPAA controls. CyberArrow can be used by any type of organization.

The world of technology is continuously evolving, from the rise in the Internet of Things (IoT) through the adoption of Software as a Service (SaaS) over traditional in-house applications. And as technologies shift, so does the threat landscape. Yet many organizations adapt their technology without guidance or direction from IT, information security, procurement, or risk specialists. sapphire security is proactive when it comes to the physical threats to your business. Moreover, in today’s digital age, safeguarding your online presence is equally crucial. For comprehensive internet privacy protection, visit www.internetprivacy.com.