rawat ibm compliance webinar

IT COMPLIANCE INSTITUTE WWW.ITCINSTITUTE.COM 206-246-5059

Information Integration: A Key Enabler of Enterprise Risk Management and Regulatory Compliance

Presenters:

Rajeev Rawat President, BI Results

Damian Trzebunia Worldwide Product Marketing

IBM WebSphere Information Integration Solutions

WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE

Presented by: Rajeev Rawat President, BI Results www.biresults.com

Damian Trzebunia IBM WebSphere Information Integration Solutions

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Agenda

•  Introduction

•  Compliance and risk drivers for information integration

•  Integrating and transforming content to satisfy compliance and risk initiatives

•  Managing recordkeeping policies across distributed data and content

•  Improving financial reporting and transparency in compliance with Sarbanes-Oxley and other financial regulations




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Rajeev Rawat

•  President, BI Results •  Focused on leveraging IT

for Compliance and Competitive Advantage

•  Put together BI Solutions for IBM prior to Starting BI Results




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Key criteria for a compliance information integration solution

Compliance Needs -  Sarbanes Oxley Act -  International

regulations -  Cross-industry

considerations -  Dynamics of regulations

Seamless connection to Infrastructure - Disparate back-end systems -  Access to contextual information

Information Integration, Risk, and Compliance




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Protect Users - Consumers -  Patients -  Employees - Investors -  Providers

Improve Service -  Safety -  Fairness -  Quality

Goal: - Protect -  Improve

Regulatory intent is unchanged




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Potential for abuse drives new regulations

Needs drive innovation, new tools, technology

Innovation improves services -  HealthCare -  Entertainment -  Convenience

Regulation is sure to follow

Creates value for stakeholders

Innovation is perpetual




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Regulations - Guidelines -  Standards -  Certifications - Specifications -  Rules -  Red Flag Indicators -  Consequences

Specifications -  Accuracy -  Certification -  Completeness -  Timeliness -  Records retention -  Confidentiality

Changes permeate the enterprise infrastructure

Requirements are increasingly more precise




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Improves Operational Efficiency - Accurate data - Detailed analysis - Effective business

logic and rules - Fast decisions - Error free execution

Compliance requires a strategic commitment

Operational Excellence Delivers Competitive Advantage

Investors Suppliers Partners

Customers Employees

G/L CRM ERP SCM HR Efficiency




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Maintain Internal Controls

Internal Audit

Trans- parent Reporting

Retain Records - 7 years

Disclosure

SOX - Key requirements

CEO, CFO Certification

Whistleblower Process

Faster Reporting




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Global governance requirements Role based access, authentication, rights

Confidentiality and privacy of records

Portability

Effective use of electronic documents

Electronic records retention

Immutable documentation

Accurate, Faster Audits Reporting

Sharing

IAS IFRS

BASEL II

Maintain Internal Controls

Internal Audit

Trans- parent Reporting

Retain Records - 7 years

Disclosure

Whistleblower Process

CEO, CFO Certification

Faster Reporting




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Agricultural Production-CropsAgricultural Prod-Livestock & Animal SpecialtiesAgricultural ServicesForestryFishing, Hunting and TrappingMetal

MiningGold and Silver OresMiscellaneous Metal OresBituminous Coal & Lignite MiningCrude Petroleum & Natural GasDrilling Oil & Gas WellsOil & Gas Field Exploration ServicesOil & Gas Field Services, NECMining & Quarrying of Nonmetallic Minerals (No Fuels)General Bldg Contractors - Residential BldgsOperative BuildersGeneral Bldg Contractors - Nonresidential BldgsHeavy Construction Other Than Bldg Const - ContractorsWater, Sewer, Pipeline, Comm & Power Line ConstructionConstruction - Special Trade ContractorsElectrical WorkFood and Kindred ProductsMeat Packing PlantsSausages & Other Prepared Meat ProductsPoultry Slaughtering and ProcessingDairy ProductsIce Cream & Frozen DessertsCanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesCanned, Fruits, Veg, Preserves, Jams & JelliesGrain Mill ProductsBakery ProductsCookies & CrackersSugar & Confectionery ProductsFats & OilsBeveragesMalt BeveragesBottled & Canned Soft Drinks & Carbonated WatersMiscellaneous Food Preparations & Kindred ProductsPrepared Fresh or Frozen Fish & SeafoodsTobacco ProductsCigarettesTextile Mill ProductsBroadwoven Fabric Mills, CottonBroadwoven Fabric Mills, Man Made Fiber & SilkKnitting MillsKnit Outerwear MillsCarpets & RugsApparel & Other Finishd Prods of Fabrics & Similar MatlMen's & Boys' Furnishgs, Work Clothg, & Allied GarmentsWomen's, Misses', and Juniors OuterwearWomen's, Misses', Children's & Infants' UndergarmentsMiscellaneous Fabricated Textile Institutions, Credit Reporting, Collection AgenciesServices-Mailing, Reproduction, Commercial Art & PhotographyServices-Direct Mail Advertising ServicesServices-To Dwellings & Other BuildingsServices-Miscellaneous Equipment Rental & LeasingServices-Equipment Rental & Leasing, NECServices-Employment AgenciesServices-Help LeasingServices-Miscellaneous Business ServicesServices-Detective, Guard & Armored Car ServicesServices-Photofinishing LaboratoriesServices-Telephone Interconnect SystemsServices-Business Services, NECServices-Automotive Repair, Services & ParkingServices-Auto Rental & Leasing (No Drivers)Services-Miscellaneous Repair ServicesServices-Motion Picture & Video Tape ProductionServices-Allied To Motion Picture ProductionServices-Motion Picture & Video Tape DistributionServices-Allied To Motion Picture DistributionServices-Motion Picture TheatersServices-Video Tape RentalServices-Amusement & Recreation ServicesServices-Racing, Including Track OperationServices-Miscellaneous Amusement & RecreationServices-Membership Sports & Recreation ClubsServices-Health ServicesServices-Offices & Clinics of Doctors of MedicineServices-Nursing & Personal Care FacilitiesServices-Skilled Nursing Care FacilitiesServices-HospitalsServices-General Medical & Surgical Hospitals, NECServices-Medical LaboratoriesServices-Home Health Care ServicesServices-Misc Health & Allied Services, NECServices-Specialty Outpatient Facilities, NECServices-Legal ServicesServices-Educational ServicesServices-Social ServicesServices-Child Day Care ServicesServices-Membership or ganizationsServices-Engineering, Accounting, Research, ManagementServices-Engineering ServicesServices-Commercial Physical & Biological ResearchServices-Testing LaboratoriesServices-Management ServicesServices-Management Consulting ServicesServices-Facilities Support Management ServicesAmerican Depositary ReceiptsForeign GovernmentsServices-Services, NECInternational AffairsNon-Operating Establishments

All Industries Agriculture Crude Petroleum General Building Contractor Biological Research Sciences Foreign Govt. Services

Cross-Functional Certification Distribution Documentation Environmental Electronic Records Financial Human Resources Safety

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Span of Regulations

Partial List: US SIC Codes




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Timely reporting -  Current data -  Appropriate

updates Triggered Response -  Event markers

Accurate Information Right computation -  right data/fields -  right context - validated

parameters - right operations

Secure Information -  Safe -  Uncorrupted -  Confidential

What compliance requires

Jail Financial Penalties Practice Limitations




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Triggered Response

Accurate Information

Secure Information

Enforce Manage Measure

Report Transform Track

Detect Secure Profile Authenticate

Alarms Triggers Procedures Rules

Timely Reporting

Compliance & risk drivers for information integration




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Reports Information

Storage and Archive Data Warehousing

Applications Operations Transactions

Authentication and Security

Triggered Response


Secure Information

Timely Reporting




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Hosts Storage Networks Communi- cations

Reports Information




Triggered Response


Secure Information

Timely Reporting




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Information integration – Dynamic and evolving

Standards

Transformations

Connectors

Protocols

Programming Interfaces


Triggered Response


Secure Information

Timely Reporting




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Triggered Response


Secure Information





Information integration – Seamless access

Timely Reporting



Reports Information




Reports Information







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-  Faster access to contextual information

- Standards-based interfaces for existing and dynamic Information

-  Continuous availability of development tools

-  Administrator utilities

-  Seamless access for end users

An agile information infrastructure

How can information integration support compliance efforts?

rawat ibm compliance webinar

Documents

bi results ibm websphere

bi resultsibm websphere

compliance compliance

bi solutionsfor ibm

rajeev rawatpresident

risk initiatives

risk drivers

certification certifications