At KnowledgePath, we strongly support the notion that an ERP implementation or other enterprise-level transformation is not an IT initiative; it is a business initiative. Regardless, the technical component is still vital for success. Both the business and technical elements of your organization must be acknowledged and aligned for a successful project and business outcome. Alternatively, without this alignment you will not experience the success or business potential that stems from the project in the first place.
Additionally, once you have your ERP, HCM, CRM or other technologies implemented, maintaining the support of your technology stack, as well as maintaining the compliance, viability, stability, and security of your data becomes essential. Business processes and programed functionality of your systems are in constant flux, and therefore, upkeep of your technology, data, and integrations should be, as well.
Many IT structures and processes were founded years ago, even before newer technologies were implemented. If you are concerned that your IT organization and processes are outdated, at risk to new vulnerabilities or misaligned with your business strategy, KPC is here to help. We will bring not only the technical skillsets needed to assess gaps, risks, and compliance, but also the business minds to make sure that we are mapping IT best-practices to your overall business objectives.
We help Private Equity and investors gain an understanding of the technology framework and associated risks of a potential acquisition. This is not an easy task, as you need to evaluate not only the current state of technology but also understand the associated risks and the potential costs for continuity or upgrading technology to a state of compliance or “best-practice”.
Our Due Diligence process includes a holistic assessment of systems, applications, and infrastructure, with additional targeted focus on data and security.
DATA HEALTH ASSESSMENT
Data has become the lifeblood of most organizations. If your data is dirty, disorganized, siloed, or hasn’t kept up with business needs, it is time to make some changes. The first step to any data initiative is a data health assessment. As part of our data management services, this initial assessment will outline necessary changes and help to structure a data strategy, whether part of a digital transformation or as a stand-alone initiative.
It’s a matter of when, not if, you will be impacted by a cyber security incident or a breach. With the emergence of the cloud and growing engagement through mobile, social networks, and remote workers, IT and business processes need to adapt in order to meet new compliance requirements and general best practices. It is estimated that more than 80% of U.S. businesses have been hacked (and the number is greater for international business),
KnowledgePath has a dedicated team, comprised of prior military and CISO leaders specializing in cyber security services. With services ranging from assessments to cyber compliance and ongoing advisory support, we bring flexibility to adapt to each client’s requirements.
Some commonly asked cyber security questions include:
- We’ve been asked for a SOC report, what do we do now?
- We are acquiring a new entity, what do we need to do to evaluate technology and security prior to acquisition or integration?
- What should we do if our teams need help supporting the IT efforts for SOX or SOC requirements?
- We don’t know what our security posture is.
- How can we test security for PCI, HIPAA, NIST for insurance premiums?
- How can we stay up to date and in compliance with FDA regulations?
- What is our internal process in the case we DO get hacked?