USBN Q1 2018- CeFO version

14 US BUSINESS NEWS / Q1 2018 , Greenlight Technologies is the pioneering leader in risk analytics, financial performance and regulatory compliance solutions. We spoke to Anand Adya to find out more about the firmand howhe came to be recognized as CEO of the Year - New Jersey by US Business News. Giving the Greenlight to Success! Established in 2004 by Anand, Greenlight Technologies provides an enterprise-wide approach to improving financial performance, managing regulatory change, and quantifying the impact of financial and operational risk. Strategic decision-making in fast- changing environments requires a different approach. Through the unique ability to integrate and correlate information across multiple technology domains and provide decision-makers with real-time recommendations, Greenlight Technologies supports key CFO, CISO, and Finance Transformation initiatives. Global 1000 companies rely on Greenlight Technologies to efficiently enable sustainable financial performance improvements and compliance across enterprise applications and business processes. Anand outlines the firm’s solutions in more detail in his opening comments. “Greenlight Technologies is the pioneering leader in integrated risk, financial performance and regulatory compliance analytics solutions. We pride ourselves in serving many enterprise customers in enabling C-Level decision-making and financial improvement of end-to-end business processes, including Procure-to-Pay, Order-to-Cash, Supply-and-Demand Balancing and many more. With the Balance Sheet of the Future TM , we are helping companies return cash to their balance sheet, monitor progress of their finance transformation initiatives, and make decisions based on scenarios and recommended actions with measurable impact.” “Our solution offerings also include Access Violation Management (AVM). While a certain level of access risk is unavoidable, to eliminate it all would limit business productivity. Next generation ERPs will not change this, and controls will still be required to mitigate these risks. However, for many companies, these controls are manually driven, time consuming and costly to enforce. And locating actual exceptions can be like searching for a needle in a haystack. With AVM, enterprises are able to identify every instance where actual violations have materialized, regardless of current or past user access.” “They can accomplish this by automating the identification and review of materialized access violations across all users and business processes, regardless of underlying technology. The benefits include minimized manual activities on control auditing and monitoring, visibility of financial exposure from unresolved access risk, better decision-making on access rights, and improved risk information when making process change.” “Jabil Circuits reduced access violation data review by 95%, cut Segregation of Duties (SoD) risk by 50%, and moved to continuous controls monitoring while acquiring two companies. They were able to maintain compliance while integrating these new acquisitions. They introduced 100% transactional monitoring for configured controls, and identified users with access authorization bearing high risk.” “Additionally, we offer Regulation Management to allow enterprises to confidently assess and respond to regulatory changes, accelerate compliance with new 1801US02 mandates, and expand controls automation across the enterprise. The application enables them to establish accountability and share best practices across key stakeholders, standardize disparate regulatory requirements, and demonstrate end-to-end compliance. They can centrally manage and report on regulatory requirements and prioritize the impact of changes to the business. The application acts as a single authoritative source for alerts and requirements intake, eliminating silos and enabling standardization across regulatory mandates. It provides enhanced visibility, as well as enabling an organization to take a holistic approach to managing and reporting on regulatory and compliance requirements from start to finish.” Drawing on his vast industry experience, Anand has led the company from its inception into the market leading provider of financial performance, risk analytics, and regulatory compliance solutions. Anand has more than 15 years of experience leading technology teams, as well as having worked in the management consulting