rawat ibm compliance webinar
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Effective compliance and governance measures increase competitive edgeTRANSCRIPT
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
2
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
3
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
4
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
5
Protect Users - Consumers - Patients - Employees - Investors - Providers
Improve Service - Safety - Fairness - Quality
Goal: - Protect - Improve
Regulatory intent is unchanged
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
6
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
7
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
8
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
9
Maintain Internal Controls
Internal Audit
Trans- parent Reporting
Retain Records - 7 years
Disclosure
SOX - Key requirements
CEO, CFO Certification
Whistleblower Process
Faster Reporting
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
10
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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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
11
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
12
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
13
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
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
14
Enforce Manage Measure
Report Transform Track
Detect Secure Profile Authenticate
Alarms Triggers Procedures Rules
Compliance & risk drivers for information integration
Reports Information
Storage and Archive Data Warehousing
Applications Operations Transactions
Authentication and Security
Triggered Response
Accurate Information
Secure Information
Timely Reporting
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
15
Enforce Manage Measure
Report Transform Track
Detect Secure Profile Authenticate
Alarms Triggers Procedures Rules
Compliance & risk drivers for information integration
Hosts Storage Networks Communi- cations
Reports Information
Storage and Archive Data Warehousing
Applications Operations Transactions
Authentication and Security
Triggered Response
Accurate Information
Secure Information
Timely Reporting
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
16
Enforce Manage Measure
Report Transform Track
Detect Secure Profile Authenticate
Alarms Triggers Procedures Rules
Information integration – Dynamic and evolving
Standards
Transformations
Connectors
Protocols
Programming Interfaces
Hosts Storage Networks Communi- cations
Triggered Response
Accurate Information
Secure Information
Timely Reporting
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
17
Triggered Response
Accurate Information
Secure Information
Enforce Manage Measure
Report Transform Track
Detect Secure Profile Authenticate
Alarms Triggers Procedures Rules
Information integration – Seamless access
Timely Reporting
Hosts Storage Networks Communi- cations
Hosts Storage Networks Communi- cations
Reports Information
Storage and Archive Data Warehousing
Applications Operations Transactions
Authentication and Security
Reports Information
Storage and Archive Data Warehousing
Applications Operations Transactions
Authentication and Security
WWW.ITCINSTITUTE.COM INFORMATION INTEGRATION AND COMPLIANCE
Presented by: Rajeev Rawat President, BI Results www.biresults.com
Damian Trzebunia IBM WebSphere Information Integration Solutions
18
- 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?