The M&A due diligence process involves a comprehensive assessment of various areas of the target bank, including its financial health, regulatory compliance, risk management, and overall operational efficiency and overall strategic positioning. This process may involve conducting interviews with key stakeholders, reviewing historical data, and analyzing current operations.

A risk management process model is a specific component of the governance framework that outlines how the business identifies, assesses, and manages risks. Effective risk management is critical to the success of any business model for governance as it helps to identify potential threats and opportunities, prioritize risks, and allocate

There can be several process overheads at government offices, such as: 1. Redundant paperwork: Many government offices still rely on physical paperwork, which can lead to redundant paperwork and increased administrative overhead. 2. Manual data entry: Manual data entry can be time-consuming and error-prone, leading to delays and inaccuracies in

The SIPOC modeling notation supported by the ProcessHorizon web app can be used for a variety of purposes beyond just process modeling. Some alternative use cases of the SIPOC notation include: 1. Vendor selection: SIPOC can be used to evaluate and compare potential vendors based on their capabilities and suitability

In this SIPOC process map, the process focuses on the implementation of ESG practices within an organization. The inputs include regulations, stakeholder feedback, and industry best practices that guide the development of policies and procedures that align with ESG principles. The ESG process includes risk assessments, monitoring and reporting, and

Perspective @ChatGPT : Today's Chief Financial Officers (CFO's) face a range of challenges as they navigate an increasingly complex and rapidly changing business environment. Here are some of the main challenges that CFO's are currently facing: 1. Economic volatility and uncertainty: Economic volatility and uncertainty,

Easy to use & fun to use with some magic, that’s ProcessHorizon proposing a novel smart way of Business Process Modeling towards a lean organization. Having automated the easy to use and understand SIPOC process definition methodology with inbuilt intelligence enables every professional to model his subject matter processes

An Accounting Process Model (APM) integrates the business and accounting views. Based on the SIPOC process modeling notation, an APM can be defined from source to destination by business event or transaction as input trigger to the accounting process engine for generating G/L account postings to the General Ledger

The Accounting Process Model visualized as a process map in SIPOC notation provides an end-to-end process view of your business transactions and can be included in your Accounting manual. Sales Revenue…100 Cost of Goods…...70 Gross Profit……….30 Explore the smart interactive ProcessHorizon web app https://processhorizon.com

The General Data Protection Regulation (GDPR) as a SIPOC process model with information generated by my ChatGPT virtual assistant. GDPR Processes: 1. Identify personal data and processing activities 2. Map data flows and assess data protection risks 3. Document data protection policies, procedures and records of processing activities 4. Implement

Business process modeling provides valuable insights into how a business operates and can help identify areas for improvement. Here are some new insights that can be gained through business process modeling: 1. Process Visibility: Business process modeling can provide a visual representation of how work is being done in a

The SIPOC  methodology and the incremental Business Process Model and notation is a simple and straightforward but versatile process modeling technique that focuses on the high-level view of a process, including the inputs, outputs, and stakeholders involved. Transformation of input from origin via a process to output to destination as

Can data accuracy and integrity as the vital quality standard for reliable and trustful data ever be assured to be 100 percent correct to reality ? Are unknown undetected data errors a given but have proliferated in particular in social media apps ? What are the implications of erroneous data to the

For professionals who want to excel at their work by smart process development, ProcessHorizon is a fast track process modeling web tool that unlike workflow oriented BPMN tools provides automated intelligence on the business oriented SIPOC methodology to comprehensive process model design with instant automated visual end-to-end process mapping as

What's the right methodology for business process modeling ? Obviously the simplest to understand & use is the right one, i.e. SIPOC for an integrated process flow design: Supplier > Input > Process > Output > Customer Free trial on the smart web app ProcessHorizon > https://processhorizon.

Having spent an extended seasonal holiday in Switzerland, I will dedicate again some time to my field of interest in integrated process and data modeling with a focus on its relevance to audit, quality, compliance & risk professionals and managers. In these disruptive times, business models  must be transformed on

An effective audit strategy and audit plan covers the main risks to the achievement of a company's objectives.   In the end all risks should be understood in the context of an organization's processes and activities. To this end risks should be identified, explained and be addressed

Coase concept of transaction costs and the hypothesis that organizations tend to expand as long as internal transaction costs are less than external transaction costs for the same kind of exchange is about the integration vs. outsourcing paradigm. Understanding the full transaction costs, i.e. the searching, bargaining and enforcement

Source / Supplier > Input > PROCESS > Output > Customer / Destination A complex model as e.g. the IIA performance standards can only be fully understood by distinguishing between levels of abstraction from macro to micro view. Professional practice standards as illustrated by the ProcessHorizon navigation dashboard (on the left

As Peter Drucker said, "It's less important to do things right than to do the right things." Effectiveness is more important than efficiency. The time tested SIPOC process modeling notation supports a business oriented focus on doing the right things first and doing things right second.

Venture out to new horizons of good work practices and good life habits and achieve your potential by taking charge of your prime activities. General purpose SIPOC process modeling notation: Supplier / Source > Input > PROCESS > Output > Customer / Destination Navigate 360 degrees on the fly between different process

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ProcessHorizon [https://processhorizon.com] is a new interactive SIPOC process modeling web app enabling you to build processes iteratively like Lego brick by brick resp. object by object and eventually tie them together interactively to a mulitlayer end2end resp. hierarchical process flow model. The business oriented SIPOC methodology will make

Control activities as part of internal control help to ensure that management directives to mitigate risks to the achievement of objectives are performed whereas inherent process controls as part of operational risk management aim to ensure desired outputs are achieved. The ProcessHorizon [https://processhorizon.com] web app supports the design

You might wonder why you should try out the Process Horizon [https://processhorizon.com] web app and what you might get from using it. As a manager and professional or subject matter expert deep learning about your business process universe is a must in the digital business age of Digital