Tag: agility

Agility Recovery Acquires Recovery Solutions, a Leading Business Continuity Provider for Banks and Financial Institutions

DENVER–(BUSINESS WIRE)–Sep 30, 2020–

Agility Recovery, North America’s premier provider of business continuity solutions, announced today the acquisition of Chicago, Illinois-based Recovery Solutions. Recovery Solutions delivers audit-ready and FFIEC compliant business continuity solutions purpose-built for banks and financial institutions, helping them protect their people, operations, supply chain, and brand, all while meeting regulatory requirements.

“The need for business continuity options in the banking and financial services sector continues to escalate as compliance throughout the entire supply chain grows in importance,” said Jon Bahl, CEO of Agility Recovery. “Recovery Solutions established a proven process for audit-ready compliance testing and reporting that matches FFIEC guidelines and makes it easy for banks to achieve and maintain compliance throughout their entire supply chain. Integrating the company with Agility helps us further deliver on our promise to help businesses achieve resiliency, especially within the highly regulated banking and financial sector.”

Rick Lavin, CEO of Recovery

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Workday Global CFO Survey: Finance Digital Transformation is a Key Indicator of Business Agility

The MarketWatch News Department was not involved in the creation of this content.

PLEASANTON, Calif., Sep 23, 2020 (GLOBE NEWSWIRE via COMTEX) —
PLEASANTON, Calif., Sept. 23, 2020 (GLOBE NEWSWIRE) — Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today released its global Chief Financial Officer (CFO) Indicator Survey, “Finance Digital Transformation,” which reveals a direct link between finance digital transformation and agile business practices, better decision-making, and more efficient reporting, planning, and financial operations–all of which organizations will need to thrive in the new COVID-19 normal.

The research, conducted during the period that COVID-19 was declared a pandemic and many companies were forced to rapidly shift to remote work, reveals that while nearly half of CFOs have not completed any digital transformation initiatives in finance, 34 percent expect to prioritize it in one year–during recovery from COVID-19. The study

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ServiceNow Delivers New Levels of Business Agility and Resilience for the COVID Economy

SANTA CLARA, Calif.–(BUSINESS WIRE)–ServiceNow (NYSE: NOW), the leading digital workflow company making work, work better for people, today unveiled the Now Platform® Paris release, to help organizations remain agile and be resilient so they can grow and enhance their productivity during the COVID economy. With ServiceNow workflows, people can work smarter and organizations can realize faster time to value from their technology investments.

The COVID economy has exposed weak links in old value chains, driving a workflow revolution. Organizations that struggle to digitally transform and create great experiences for customers, employees, and partners in this new work environment are being left behind. According to IDC, 45 percent of organizations worldwide are now in economic decline or recession, with 64 percent of organizations worldwide planning to be early adopters of emerging tech.Those organizations that are digital laggards are more inclined to seek out emerging tech as a

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Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped to adjust to what we are experiencing today,” Nwosu explained. “The focus for companies now is to control their costs to ensure business continuity for when the oil prices eventually recover. This can be done by continuing with the structural costs changes that were made during the pandemic.”

However, Nwosu warns that bad

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ADIPEC: Smaller Operators in Africa See That Energy Transition is ‘Good Business’ and to Use Their Position of Agility to Make the Right Changes Now

ABU DHABI, UAE, Sept. 16, 2020 /PRNewswire/ — The oil and gas industry has been impacted severely due to the COVID-19 pandemic; however, with the industry now actively embracing the digital transition and moving to new grounds to sustain itself, business continuity amidst the current downturn has a pivotal role to play. 

Participating in an online ADIPEC Energy Dialogue Webinar, Chikezie Nwosu, CEO of WalterSmith in Nigeria, a world class integrated energy solutions provider said that although the oil and gas industry has previously experienced similar shocks to supply and demand, the impact of the COVID-19 pandemic is being felt over a much shorter period and far more aggressively than before.

“The COVID-19 pandemic has clearly shown us that oil price is not in control of any oil and gas company or country, as even the largest oil-producing countries such as Saudi Arabia and Russia are ill-equipped

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Finance planning is the key to business agility in uncertain times

(© zffoto – Shutterstock)

The COVID-19 pandemic is continuing to impact businesses and the economy and will for some time to come. But exactly how much remains unclear, and finance officials have to plan around that uncertainty.

Most businesses weren’t equipped for what we are now facing, particularly when it comes to planning. Three of four finance executives admit their planning processes have not prepared them for economic and geopolitical disruption of any kind, let alone a global pandemic.

Also, three of four financial planning and analysis (FP&A) practitioners rated “information uncertainty” stemming from COVID-19 as having a significant or moderate impact on their organizations, according to a recent survey by the Association for Financial Professionals.

This uncertainty means finance teams will need to be even more agile to help their companies succeed. Even under normal circumstances, agility is a defining characteristic of businesses that can better anticipate what’s coming,

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