Remove Application Remove Audit Remove Evaluation Remove Retail
article thumbnail

6 Ways Big Data Analytics Can Drive Down Costs

Pure Storage

By evaluating customer behavior, companies can create strategic marketing plans that target a particular customer cohort—for example, by offering personalized recommendations based on previous purchases or social media activity. Retailers can then blacklist these customers or take other actions to help prevent return fraud.

article thumbnail

??6 Ways Big Data Analytics Can Drive Down Costs

Pure Storage

By evaluating customer behavior, companies can create strategic marketing plans that target a particular customer cohort—for example, by offering personalized recommendations based on previous purchases or social media activity. Retailers can then blacklist these customers or take other actions to help prevent return fraud.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Does a Compliance Management System Look Like?

Reciprocity

A compliance program helps a company to meet its legal requirements and to comply with applicable laws and regulations. Regular audits of the compliance program. Compliance Audit. It typically covers everything, from evaluation and prevention to cooperation and enforcement. So how does a modern CMS program operate?

article thumbnail

IRM, ERM, and GRC: Is There a Difference?

Reciprocity

For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. Users and application systems receive accurate, consistent, and verifiable information.

article thumbnail

Why Buying SaaS GRC Software Is a Smart Investment

Reciprocity

Software-as-a-Service (SaaS) is a method of delivering software and applications over the internet as a service. Managing risk, compliance, and audit processes is complex and resource intensive. Without a centralized platform, audit cycles are longer, visibility into overall risk posture is lacking, and reporting is inefficient.

article thumbnail

Risk Assessment vs Risk Analysis

Reciprocity

A risk assessment evaluates all the potential risks to your organization’s ability to do business. This includes potential threats to information systems, devices, applications, and networks. Audit risk. Both are components within the larger whole known as risk management or risk evaluation. Credit risk. Legal risk.

article thumbnail

What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits. Do your vendors comply with applicable regulations and industry standards? Conduct vendor audits. Perform Internal Audits. Here are some types of risks to look for.