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It is sometimes referred to as &quot;on-demand software&quot;, and was formerly referred to as &quot;software plus services&quot; by Microsoft.\r\n SaaS services is typically accessed by users using a thin client, e.g. via a web browser. SaaS software solutions has become a common delivery model for many business applications, including office software, messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization, accounting, collaboration, customer relationship management (CRM), Management Information Systems (MIS), enterprise resource planning (ERP), invoicing, human resource management (HRM), talent acquisition, learning management systems, content management (CM), Geographic Information Systems (GIS), and service desk management. SaaS has been incorporated into the strategy of nearly all leading enterprise software companies.\r\nSaaS applications are also known as <span style=\"font-weight: bold;\">Web-based software</span>, <span style=\"font-weight: bold;\">on-demand software</span> and<span style=\"font-weight: bold;\"> hosted software</span>.\r\nThe term &quot;Software as a Service&quot; (SaaS) is considered to be part of the nomenclature of cloud computing, along with Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Desktop as a Service (DaaS),managed software as a service (MSaaS), mobile backend as a service (MBaaS), and information technology management as a service (ITMaaS).\r\nBecause SaaS is based on cloud computing it saves organizations from installing and running applications on their own systems. That eliminates or at least reduces the associated costs of hardware purchases and maintenance and of software and support. The initial setup cost for a SaaS application is also generally lower than it for equivalent enterprise software purchased via a site license.\r\nSometimes, the use of SaaS cloud software can also reduce the long-term costs of software licensing, though that depends on the pricing model for the individual SaaS offering and the enterprise’s usage patterns. In fact, it’s possible for SaaS to cost more than traditional software licenses. This is an area IT organizations should explore carefully.<br />SaaS also provides enterprises the flexibility inherent with cloud services: they can subscribe to a SaaS offering as needed rather than having to buy software licenses and install the software on a variety of computers. The savings can be substantial in the case of applications that require new hardware purchases to support the software.<br /><br /><br /><br />","materialsDescription":"<h1 class=\"align-center\"><span style=\"font-weight: normal;\">Who uses SaaS?</span></h1>\r\nIndustry analyst Forrester Research notes that SaaS adoption has so far been concentrated mostly in human resource management (HRM), customer relationship management (CRM), collaboration software (e.g., email), and procurement solutions, but is poised to widen. Today it’s possible to have a data warehouse in the cloud that you can access with business intelligence software running as a service and connect to your cloud-based ERP like NetSuite or Microsoft Dynamics.The dollar savings can run into the millions. And SaaS installations are often installed and working in a fraction of the time of on-premises deployments—some can be ready in hours. \r\nSales and marketing people are likely familiar with Salesforce.com, the leading SaaS CRM software, with millions of users across more than 100,000 customers. Sales is going SaaS too, with apps available to support sales in order management, compensation, quote production and configure, price, quoting, electronic signatures, contract management and more.\r\n<h1 class=\"align-center\"><span style=\"font-weight: normal;\">Why SaaS? Benefits of software as a service</span></h1>\r\n<ul><li><span style=\"font-weight: bold;\">Lower cost of entry</span>. With SaaS solution, you pay for what you need, without having to buy hardware to host your new applications. Instead of provisioning internal resources to install the software, the vendor provides APIs and performs much of the work to get their software working for you. The time to a working solution can drop from months in the traditional model to weeks, days or hours with the SaaS model. In some businesses, IT wants nothing to do with installing and running a sales app. In the case of funding software and its implementation, this can be a make-or-break issue for the sales and marketing budget, so the lower cost really makes the difference.</li></ul>\r\n\r\n<ul><li><span style=\"font-weight: bold;\">Reduced time to benefit/rapid prototyping</span>. In the SaaS model, the software application is already installed and configured. Users can provision the server for the cloud and quickly have the application ready for use. This cuts the time to benefit and allows for rapid demonstrations and prototyping. With many SaaS companies offering free trials, this means a painless proof of concept and discovery phase to prove the benefit to the organization. </li></ul>\r\n\r\n<ul><li><span style=\"font-weight: bold;\">Pay as you go</span>. SaaS business software gives you the benefit of predictable costs both for the subscription and to some extent, the administration. Even as you scale, you can have a clear idea of what your costs will be. This allows for much more accurate budgeting, especially as compared to the costs of internal IT to manage upgrades and address issues for an owned instance.</li></ul>\r\n\r\n<ul><li><span style=\"font-weight: bold;\">The SaaS vendor is responsible for upgrades, uptime and security</span>. Under the SaaS model, since the software is hosted by the vendor, they take on the responsibility for maintaining the software and upgrading it, ensuring that it is reliable and meeting agreed-upon service level agreements, and keeping the application and its data secure.&nbsp; While some IT people worry about Software as a Service security outside of the enterprise walls, the likely truth is that the vendor has a much higher level of security than the enterprise itself would provide. Many will have redundant instances in very secure data centers in multiple geographies.&nbsp; Also, the data is being automatically backed up by the vendor, providing additional security and peace of mind. Because of the data center hosting, you’re getting the added benefit of at least some disaster recovery. Lastly, the vendor manages these issues as part of their core competencies—let them.</li></ul>\r\n\r\n<ul><li><span style=\"font-weight: bold;\">Integration and scalability.</span> Most SaaS apps are designed to support some amount of customization for the way you do business. SaaS vendors create APIs to allow connections not only to internal applications like ERPs or CRMs but also to other SaaS providers. One of the terrific aspects of integration is that orders written in the field can be automatically sent to the ERP. Now a salesperson in the field can check inventory through the catalog, write the order in front of the customer for approval, send it and receive confirmation, all in minutes. And as you scale with a SaaS vendor, there’s no need to invest in server capacity and software licenses. </li></ul>\r\n\r\n<ul><li><span style=\"font-weight: bold;\">Work anywhere</span>. Since the software is hosted in the cloud and accessible over the internet, users can access it via mobile devices wherever they are connected. This includes checking customer order histories prior to a sales call, as well as having access to real time data and real time order taking with the customer.</li></ul>\r\n<p class=\"align-left\">&nbsp;</p>","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/SaaS__1_.png","alias":"saas-software-as-a-service"},"79":{"id":79,"title":"VM - Vulnerability management","description":"Vulnerability management is the &quot;cyclical practice of identifying, classifying, prioritizing, remediating and mitigating&quot; software vulnerabilities. Vulnerability management is integral to computer security and network security, and must not be confused with a Vulnerability assessment.\r\nVulnerability management is an ongoing process that includes proactive asset discovery, continuous monitoring, mitigation, remediation and defense tactics to protect your organization's modern IT attack surface from Cyber Exposure.\r\nVulnerabilities can be discovered with a vulnerability scanner, which analyzes a computer system in search of known vulnerabilities, such as open ports, insecure software configurations, and susceptibility to malware infections. They may also be identified by consulting public sources, such as NVD, or subscribing to a commercial vulnerability alerting services. Unknown vulnerabilities, such as a zero-day, may be found with fuzz testing, which can identify certain kinds of vulnerabilities, such as a buffer overflow with relevant test cases. Such analysis can be facilitated by test automation. In addition, antivirus software capable of heuristic analysis may discover undocumented malware if it finds software behaving suspiciously (such as attempting to overwrite a system file).\r\nCorrecting vulnerabilities may variously involve the installation of a patch, a change in network security policy, reconfiguration of software, or educating users about social engineering.\r\nNetwork vulnerabilities represent security gaps that could be abused by attackers to damage network assets, trigger a denial of service, and/or steal potentially sensitive information. Attackers are constantly looking for new vulnerabilities to exploit — and taking advantage of old vulnerabilities that may have gone unpatched.\r\nHaving a vulnerability management framework in place that regularly checks for new vulnerabilities is crucial for preventing cybersecurity breaches. Without a vulnerability testing and patch management system, old security gaps may be left on the network for extended periods of time. This gives attackers more of an opportunity to exploit vulnerabilities and carry out their attacks.\r\nOne statistic that highlights how crucial vulnerability management was featured in an Infosecurity Magazine article. According to survey data cited in the article, of the organizations that “suffered a breach, almost 60% were due to an unpatched vulnerability.” In other words, nearly 60% of the data breaches suffered by survey respondents could have been easily prevented simply by having a vulnerability management plan that would apply critical patches before attackers leveraged the vulnerability.","materialsDescription":" <span style=\"font-weight: bold;\">What is vulnerability management?</span>\r\nVulnerability management is a pro-active approach to managing network security by reducing the likelihood that flaws in code or design compromise the security of an endpoint or network.\r\n<span style=\"font-weight: bold;\">What processes does vulnerability management include?</span>\r\nVulnerability management processes include:\r\n<ul><li><span style=\"font-style: italic;\">Checking for vulnerabilities:</span> This process should include regular network scanning, firewall logging, penetration testing or use of an automated tool like a vulnerability scanner.</li><li><span style=\"font-style: italic;\">Identifying vulnerabilities:</span> This involves analyzing network scans and pen test results, firewall logs or vulnerability scan results to find anomalies that suggest a malware attack or other malicious event has taken advantage of a security vulnerability, or could possibly do so.</li><li><span style=\"font-style: italic;\">Verifying vulnerabilities:</span> This process includes ascertaining whether the identified vulnerabilities could actually be exploited on servers, applications, networks or other systems. This also includes classifying the severity of a vulnerability and the level of risk it presents to the organization.</li><li><span style=\"font-style: italic;\">Mitigating vulnerabilities:</span> This is the process of figuring out how to prevent vulnerabilities from being exploited before a patch is available, or in the event that there is no patch. It can involve taking the affected part of the system off-line (if it's non-critical), or various other workarounds.</li><li><span style=\"font-style: italic;\">Patching vulnerabilities:</span> This is the process of getting patches -- usually from the vendors of the affected software or hardware -- and applying them to all the affected areas in a timely way. This is sometimes an automated process, done with patch management tools. This step also includes patch testing.</li></ul>","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/VM_-_Vulnerability_management1.png","alias":"vm-vulnerability-management"},"399":{"id":399,"title":"Requirements Visualization, Definition, and Management","description":" Requirements management is the process of documenting, analyzing, tracing, prioritizing and agreeing on requirements and then controlling change and communicating to relevant stakeholders. It is a continuous process throughout a project. A requirement is a capability to which a project outcome (product or service) should conform.\r\nThe purpose of requirements management is to ensure that an organization documents, verifies, and meets the needs and expectations of its customers and internal or external stakeholders. Requirements management begins with the analysis and elicitation of the objectives and constraints of the organization. Requirements management further includes supporting planning for requirements, integrating requirements and the organization for working with them (attributes for requirements), as well as relationships with other information delivering against requirements, and changes for these.\r\nThe traceability thus established is used in managing requirements to report back fulfilment of company and stakeholder interests in terms of compliance, completeness, coverage, and consistency. Traceabilities also support change management as part of requirements management in understanding the impacts of changes through requirements or other related elements (e.g., functional impacts through relations to functional architecture), and facilitating introducing these changes.\r\nRequirements management involves communication between the project team members and stakeholders, and adjustment to requirements changes throughout the course of the project. To prevent one class of requirements from overriding another, constant communication among members of the development team is critical. For example, in software development for internal applications, the business has such strong needs that it may ignore user requirements, or believe that in creating use cases, the user requirements are being taken care of.\r\nRequirements traceability is concerned with documenting the life of a requirement. It should be possible to trace back to the origin of each requirement and every change made to the requirement should therefore be documented in order to achieve traceability. Even the use of the requirement after the implemented features have been deployed and used should be traceable.\r\nRequirements come from different sources, like the business person ordering the product, the marketing manager and the actual user. These people all have different requirements for the product. Using requirements traceability, an implemented feature can be traced back to the person or group that wanted it during the requirements elicitation. This can, for example, be used during the development process to prioritize the requirement, determining how valuable the requirement is to a specific user. It can also be used after the deployment when user studies show that a feature is not used, to see why it was required in the first place.","materialsDescription":"<span style=\"font-weight: bold; \">Requirements activities</span>\r\nAt each stage in a development process, there are key requirements management activities and methods. To illustrate, consider a standard five-phase development process with Investigation, Feasibility, Design, Construction, and Test, and Release stages.\r\n<span style=\"font-style: italic; \"><span style=\"font-weight: bold; \">Investigation</span></span>\r\nIn Investigation, the first three classes of requirements are gathered from the users, from the business, and from the development team. In each area, similar questions are asked; what are the goals, what are the constraints, what are the current tools or processes in place, and so on. Only when these requirements are well understood can functional requirements be developed.\r\nIn the common case, requirements cannot be fully defined at the beginning of the project. Some requirements will change, either because they simply weren’t extracted, or because internal or external forces at work affect the project in mid-cycle.\r\nThe deliverable from the Investigation stage is a requirements document that has been approved by all members of the team. Later, in the thick of development, this document will be critical in preventing scope creep or unnecessary changes. As the system develops, each new feature opens a world of new possibilities, so the requirements specification anchors the team to the original vision and permits a controlled discussion of scope change.\r\nWhile many organizations still use only documents to manage requirements, others manage their requirements baselines using software tools. These tools allow requirements to be managed in a database, and usually have functions to automate traceability (e.g., by allowing electronic links to be created between parent and child requirements, or between test cases and requirements), electronic baseline creation, version control, and change management. Usually, such tools contain an export function that allows a specification document to be created by exporting the requirements data into a standard document application.\r\n<span style=\"font-style: italic; \"><span style=\"font-weight: bold; \">Feasibility</span></span>\r\nIn the Feasibility stage, the costs of the requirements are determined. For user requirements, the current cost of work is compared to the future projected costs once the new system is in place. Questions such as these are asked: “What are data entry errors costing us now?” Or “What is the cost of scrap due to operator error with the current interface?” Actually, the need for the new tool is often recognized as these questions come to the attention of financial people in the organization.\r\nBusiness costs would include, “What department has the budget for this?” “What is the expected rate of return on the new product in the marketplace?” “What’s the internal rate of return in reducing the costs of training and support if we make a new, easier-to-use system?”\r\nTechnical costs are related to software development costs and hardware costs. “Do we have the right people to create the tool?” “Do we need new equipment to support expanded software roles?” This last question is an important type. The team must inquire into whether the newest automated tools will add sufficient processing power to shift some of the burdens from the user to the system in order to save people time.\r\nThe question also points out a fundamental point about requirements management. A human and a tool form a system, and this realization is especially important if the tool is a computer or a new application on a computer. The human mind excels in parallel processing and interpretation of trends with insufficient data. The CPU excels in serial processing and accurate mathematical computation. The overarching goal of the requirements management effort for a software project would thus be to make sure the work being automated gets assigned to the proper processor. For instance, “Don’t make the human remember where she is in the interface. Make the interface report the human’s location in the system at all times.” Or “Don’t make the human enter the same data in two screens. Make the system store the data and fill in the second screen as needed.”\r\nThe deliverable from the Feasibility stage is the budget and schedule for the project.\r\n<span style=\"font-style: italic;\"><span style=\"font-weight: bold;\">Design</span></span>\r\nAssuming that costs are accurately determined and benefits to be gained are sufficiently large, the project can proceed to the Design stage. In Design, the main requirements management activity is comparing the results of the design against the requirements document to make sure that work is staying in scope.\r\nAgain, flexibility is paramount to success. Here’s a classic story of scope change in mid-stream that actually worked well. Ford auto designers in the early ‘80s were expecting gasoline prices to hit $3.18 per gallon by the end of the decade. Midway through the design of the Ford Taurus, prices had centered to around $1.50 a gallon. The design team decided they could build a larger, more comfortable, and more powerful car if the gas prices stayed low, so they redesigned the car. The Taurus launch set nationwide sales records when the new car came out, primarily because it was so roomy and comfortable to drive.\r\nIn most cases, however, departing from the original requirements to that degree does not work. So the requirements document becomes a critical tool that helps the team make decisions about design changes.\r\n<span style=\"font-style: italic;\"><span style=\"font-weight: bold;\">Construction and test</span></span>\r\nIn the construction and testing stage, the main activity of requirements management is to make sure that work and cost stay within schedule and budget, and that the emerging tool does, in fact, meet requirements. A main tool used in this stage is prototype construction and iterative testing. For a software application, the user interface can be created on paper and tested with potential users while the framework of the software is being built. The results of these tests are recorded in a user interface design guide and handed off to the design team when they are ready to develop the interface. This saves time and makes their jobs much easier.\r\nVerification: This effort verifies that the requirement has been implemented correctly. There are 4 methods of verification: analysis, inspection, testing, and demonstration. Numerical software execution results or through-put on a network test, for example, provides analytical evidence that the requirement has been met. Inspection of vendor documentation or spec sheets also verifies requirements. Actually testing or demonstrating the software in a lab environment also verifies the requirements: a test type of verification will occur when test equipment not normally part of the lab (or system under test) is used. Comprehensive test procedures which outline the steps and their expected results clearly identify what is to be seen as a result of performing the step. After the step or set of steps is completed the last step's expected result will call out what has been seen and then identify what requirements or requirements have been verified (identified by number). The requirement number, title, and verbiage are tied together in another location in the test document.\r\n<span style=\"font-style: italic;\"><span style=\"font-weight: bold;\">Requirements change management</span></span>\r\nHardly would any software development project be completed without some changes being asked of the project. The changes can stem from changes in the environment in which the finished product is envisaged to be used, business changes, regulation changes, errors in the original definition of requirements, limitations in technology, changes in the security environment and so on. The activities of requirements change management include receiving the change requests from the stakeholders, recording the received change requests, analyzing and determining the desirability and process of implementation, implementation of the change request, quality assurance for the implementation and closing the change request. Then the data of change requests be compiled, analyzed and appropriate metrics are derived and dovetailed into the organizational knowledge repository.\r\n<span style=\"font-style: italic;\"><span style=\"font-weight: bold;\">Release</span></span>\r\nRequirements management does not end with product release. From that point on, the data coming in about the application’s acceptability is gathered and fed into the Investigation phase of the next generation or release. Thus the process begins again.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Requirements_Visualization.png","alias":"requirements-visualization-definition-and-management"},"445":{"id":445,"title":"Penetration Testing","description":" A <span style=\"font-weight: bold; \">penetration test</span>, colloquially known as a pen test, <span style=\"font-weight: bold; \">pentest </span>or <span style=\"font-weight: bold; \">ethical hacking</span>, is an authorized simulated cyberattack on a computer system, performed to evaluate the security of the system.\r\nStandard penetration test is performed to identify both weaknesses (also referred to as <span style=\"font-weight: bold; \">vulnerabilities</span>), including the potential for unauthorized parties to gain access to the system's features and data, as well as strengths, enabling a full risk assessment to be completed. \r\nThe main objective of system penetration testing is to identify security weaknesses. Vulnerability testing can also be used to test an organization's security policy, its adherence to compliance requirements, its employees' security awareness and the organization's ability to identify and respond to security incidents.\r\nTypically,<span style=\"font-size:11pt; font-family:Arial; font-style:normal; \">professional penetration testing</span>provides information about security weaknesses that are identified or exploited through pen testing is aggregated and provided to the organization's IT and network system managers, enabling them to make strategic decisions and prioritize remediation efforts. \r\nA wide variety of <span style=\"font-weight: bold; \">software security testing tools </span>are available to assist with penetration testing, including free-of-charge, free software, and commercial software. Penetration tools scan code in order to identity malicious code in applications that could result in a security breach. Pen testing tools examine data encryption techniques and can identify hard-coded values, such as usernames and passwords, to verify security vulnerabilities in the system.\r\n&nbsp;Important aspect of any penetration testing program is defining the scope within which the pen testers must operate. Usually, the scope defines what systems, locations, techniques and tools can be used in a penetration test. Limiting the scope of the penetration test helps focus team members - and defenders - on the systems over which the organization has control.\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Here are several of the main vulnerability penetration testing approaches:</span></p>\r\n<ul><li><span style=\"font-weight: bold;\">Targeted testing</span> is performed by the organization's IT team and the penetration testing team working together. It's sometimes referred to as a &quot;lights turned on&quot; approach because everyone can see the test being carried out.</li><li><span style=\"font-weight: bold;\">External testing</span> targets a company's externally visible servers or devices including domain name servers, email servers, web servers or firewalls. The<span style=\"font-size:11pt; font-family:Arial; font-style:normal; \">objective of penetration testing</span>is to find out if an outside attacker can get in and how far they can get in once they've gained access.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Internal testing</span> mimics an inside attack behind the firewall by an authorized user with standard access privileges. This kind of test is useful for estimating how much damage a disgruntled employee could cause.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Blind testing simulates</span> the actions and procedures of a real attacker by severely limiting the information given to the person or team performing the test beforehand. Typically, the pen testers may only be given the name of the company.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Double-blind testing</span> takes the blind test and carries it a step further. In this type of pen test, only one or two people within the organization might be aware a test is being conducted. Double-blind tests can be useful for testing an organization's security monitoring and incident identification as well as its response procedures.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Black box</span> testing is basically the same as blind testing, but the tester receives no information before the test takes place. Rather, the pen testers must find their own way into the system.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">White box</span> testing provides the penetration testers information about the target network before they start their work. This information can include such details as IP addresses, network infrastructure schematics and the protocols used plus the source code.</li></ul>","materialsDescription":"<h1 class=\"align-center\"> <span style=\"font-weight: normal;\">What Is Penetration Testing?</span></h1>\r\nThere is a considerable amount of confusion in the industry regarding the differences between vulnerability assessment and penetration testing tool,as the two phrases are commonly interchanged. However, their meaning and implications are very different. A <span style=\"font-weight: bold; \">vulnerability assessment </span>simply identifies and reports noted vulnerabilities, whereas a pentest attempts to exploit the vulnerabilities to determine whether unauthorized access or other malicious activity is possible.<span style=\"font-weight: bold; \"> Penetration testing</span> typically includes network penetration testing and web application security testing as well as controls and processes around the networks and applications, and should occur from both outside the network trying to come in (external testing) and from inside the network.\r\n<h1 class=\"align-center\"><span style=\"font-weight: normal;\">What is a pentesting tool ?</span></h1>\r\n<p class=\"align-left\">Penetration tools are used as part testing to automate certain tasks, improve testing efficiency and discover issues that might be difficult to find using manual analysis techniques alone. Two common penetration testing tools are <span style=\"font-weight: bold; \">static analysis </span>tools and <span style=\"font-weight: bold; \">dynamic analysis</span> tools. Tools for attack include software designed to produce <span style=\"font-weight: bold; \">brute-force attacks</span> or <span style=\"font-weight: bold; \">SQL injections</span>. There is also hardware specifically designed for pen testing, such as small inconspicuous boxes that can be plugged into a computer on the network to provide the hacker with remote access to that network. In addition, an ethical hacker may use social engineering techniques to find vulnerabilities. For example, sending phishing emails to company employees, or even disguising themselves as delivery people to gain physical access to the building.</p>\r\n<h1 class=\"align-center\"><span style=\"font-weight: normal;\">What are the benefits of penetration testing?</span></h1>\r\n<ul><li><span style=\"font-weight: bold;\">Manage the Risk Properly. </span>For many organizations, one of the most popular benefits of pen testing services is that they will give you a baseline to work upon to cure the risk in a structured and optimal way. It will show you the list of vulnerabilities in the target environment and the risks associated with it.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Increase Business Continuity.</span> Business continuity is the prime concern for any successful organization. A break in the business continuity can happen for many reasons. Lack of security loopholes is one of them. Insecure systems suffer more breaches in their availability than the secured ones. Today attackers are hired by other organizations to stop the continuity of business by exploiting the vulnerabilities to gain the access and to produce a denial of service condition which usually crashes the vulnerable service and breaks the server availability.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Protect Clients, Partners, and Third Parties.</span> A security breach can affect not only the target organization but also their associated clients, partners and third parties working with it. However, if company schedules a penetration test regularly and takes necessary actions towards security, it will help professionals build trust and confidence in the organization.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Helps to Evaluate Security Investment.&nbsp;</span> The pen test results will give us an independent view of the effectiveness of existing security processes, ensuring that configuration management practices have been followed correctly. This is an ideal opportunity to review the efficiency of the current security investment. What needs to be improved and what is working and what is not working and how much investment needed to build the more secure environment in the organization.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Help Protect Public Relationships and Guard the reputation of your company.</span>A good public relationship and company reputation are built up after taking many years struggle and hard work and with a huge amount of investment. This can be suddenly changed due to a single security breach.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Protection from Financial Damage.</span> A simple breach of the security system may cause millions of dollars of damage. Penetration testing can protect your organization from such damages.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Helps to tests cyber-defense capability.</span> During a penetration test, the target company’s security team should be able to detect multiple attacks and respond accordingly on time. Furthermore, if an intrusion is detected, the security and forensic teams should start investigations, and the penetration testers should be blocked and their tools removed. The effectiveness of your protection devices like IDS, IPS or WAF can also be tested during a penetration test.<span style=\"font-weight: bold;\"></span></li><li><span style=\"font-weight: bold;\">Client-side Attacks. </span>Pen tests are an effective way of ensuring that successful highly targeted client-side attacks against key members of your staff. Security should be treated with a holistic approach. Companies only assessing the security of their servers run the risk of being targeted with client-side attacks exploiting vulnerabilities in software like web browsers, pdf readers, etc. It is important to ensure that the patch management processes are working properly updating the operating system and third-party applications.</li></ul>","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Penetration_Testing.png","alias":"penetration-testing"},"591":{"id":591,"title":"Software Development","description":" Software development is the process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components. Software development is a process of writing and maintaining the source code, but in a broader sense, it includes all that is involved between the conception of the desired software through to the final manifestation of the software, sometimes in a planned and structured process. Therefore, software development may include research, new development, prototyping, modification, reuse, re-engineering, maintenance, or any other activities that result in software products.\r\nSoftware can be developed for a variety of purposes, the three most common being to meet specific needs of a specific client/business (the case with custom software), to meet a perceived need of some set of potential users (the case with commercial and open-source software), or for personal use (e.g. a scientist may write software to automate a mundane task). Embedded software development, that is, the development of embedded software, such as used for controlling consumer products, requires the development process to be integrated with the development of the controlled physical product. System software underlies applications and the programming process itself and is often developed separately.\r\nThe need for better quality control of the software development process has given rise to the discipline of software engineering, which aims to apply the systematic approach exemplified in the engineering paradigm to the process of software development.\r\nThere are many approaches to software project management, known as software development life cycle models, methodologies, processes, or models. The waterfall model is a traditional version, contrasted with the more recent innovation of agile software development.","materialsDescription":" <span style=\"font-weight: bold; \">What is software development?</span>\r\nSoftware itself is the set of instructions or programs that tell a computer what to do. It is independent of hardware and makes computers programmable. There are three basic types:\r\n<span style=\"font-weight: bold; \">System software</span> to provide core functions such as operating systems, disk management, utilities, hardware management, and other operational necessities.\r\n<span style=\"font-weight: bold; \">Programming software</span> to give programmers tools such as text editors, compilers, linkers, debuggers and other tools to create code.\r\n<span style=\"font-weight: bold; \">Application software</span> (applications or apps) to help users perform tasks. Office productivity suites, data management software, media players and security programs are examples. Applications also refer to web and mobile applications like those used to shop on Amazon.com, socialize with Facebook or post pictures to Instagram.\r\nA possible fourth type is <span style=\"font-weight: bold; \">embedded software.</span> Embedded systems software is used to control machines and devices not typically considered computers — telecommunications networks, cars, industrial robots and more. These devices, and their software, can be connected as part of the Internet of Things (IoT).\r\nSoftware development is primarily conducted by programmers, software engineers, and software developers. These roles interact and overlap, and the dynamics between them vary greatly across development departments and communities.\r\n<span style=\"font-weight: bold; \">Programmers, or coders,</span> write source code to program computers for specific tasks like merging databases, processing online orders, routing communications, conducting searches or displaying text and graphics. Programmers typically interpret instructions from software developers and engineers and use programming languages like C++ or Java to carry them out.\r\n<span style=\"font-weight: bold; \">Software engineers</span> apply engineering principles to build software and systems to solve problems. They use modeling language and other tools to devise solutions that can often be applied to problems in a general way, as opposed to merely solving for a specific instance or client. Software engineering solutions adhere to the scientific method and must work in the real world, as with bridges or elevators.\r\n<span style=\"font-weight: bold; \">Software developers</span> have a less formal role than engineers and can be closely involved with specific project areas — including writing code. At the same time, they drive the overall software development lifecycle — including working across functional teams to transform requirements into features, managing development teams and processes, and conducting software testing and maintenance.\r\nThe work of software development isn’t confined to coders or development teams. Professionals such as scientists, device fabricators, and hardware makers also create software code even though they are not primarily software developers. Nor is it confined to traditional information technology industries such as software or semiconductor businesses. In fact, according to the Brookings Institute, those businesses “account for less than half of the companies performing software development.”\r\nAn important distinction is custom software development as opposed to commercial software development. Custom software development is the process of designing, creating, deploying and maintaining software for a specific set of users, functions or organizations. In contrast, commercial off-the-shelf software (COTS) is designed for a broad set of requirements, allowing it to be packaged and commercially marketed and distributed.\r\n<span style=\"font-weight: bold;\">Steps in the software development process</span>\r\nDeveloping software typically involves the following steps:\r\n<ul><li><span style=\"font-weight: bold;\">Selecting a methodology</span> to establish a framework in which the steps of software development are applied. It describes an overall work process or roadmap for the project. Methodologies can include Agile development, DevOps, Rapid Application Development (RAD), Scaled Agile Framework (SAFe), Waterfall and others.</li><li><span style=\"font-weight: bold;\">Gathering requirements</span> to understand and document what is required by users and other stakeholders.</li><li><span style=\"font-weight: bold;\">Choosing or building architecture</span> as the underlying structure within which the software will operate.</li><li><span style=\"font-weight: bold;\">Developing a design</span> around solutions to the problems presented by requirements, often involving process models and storyboards.</li><li><span style=\"font-weight: bold;\">Constructing code</span> in the appropriate programming language. Involves peer and team review to eliminate problems early and produce quality software faster.</li><li><span style=\"font-weight: bold;\">Testing</span> with pre-planned scenarios as part of software design and coding — and conducting performance testing to simulate load testing on the application.</li><li><span style=\"font-weight: bold;\">Managing configuration and defects</span> to understand all the software artifacts (requirements, design, code, test) and build distinct versions of the software. Establish quality assurance priorities and release criteria to address and track defects.</li><li><span style=\"font-weight: bold;\">Deploying</span> the software for use and responding to and resolving user problems.</li><li><span style=\"font-weight: bold;\">Migrating data</span> to the new or updated software from existing applications or data sources if necessary.</li><li><span style=\"font-weight: bold;\">Managing and measuring the project</span> to maintain quality and delivery over the application lifecycle, and to evaluate the development process with models such as the Capability Maturity Model (CMM).</li></ul>\r\nThe steps of the software development process fit into application lifecycle management.\r\n<ul><li>Requirements analysis and specification</li><li>Design and development</li><li>Testing</li><li>Deployment</li><li>Maintenance and support</li></ul>\r\nSoftware development process steps can be grouped into the phases of the lifecycle, but the importance of the lifecycle is that it recycles to enable continuous improvement. For example, user issues that surface in the maintenance and support phase can become requirements at the beginning of the next cycle.\r\n<span style=\"font-weight: bold;\">Why is software development important?</span>\r\nSoftware development is important because it helps businesses differentiate themselves and be more competitive. It can improve customer experiences, bring more innovative, feature-rich products to market faster, and make operations more efficient, safe and productive.\r\nSoftware development is also important because it is pervasive.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Software_Development.png","alias":"software-development"},"713":{"id":713,"title":"IT Trainings","description":" IT Training is specific to the Information Technology (IT) industry, or to the skills necessary for performing information technology jobs. IT Training includes courses related to the application, design, development, implementation, support or management of computer-based information systems.\r\nThe IT training market is segmented into six broad market segments.&nbsp; Based on TrainingIndustry.com research, these segments reflect how IT training companies focus their suite of offerings and from which areas they derive most of their revenue.\r\n<ul><li>IT Infrastructure Training focuses on building, sustaining, and managing technical infrastructure.</li><li>Programming and Database Training involves database construction and management, programming language, and similar areas.</li><li>Enterprise Business Applications Training involves software applications that manage organizations’ processes, such as ERP, CRM, call center management, automated billing systems, etc.</li><li>Desktop Applications Training focuses on how to use programs and applications for desktop users.</li><li>Certification Training includes certifications, compliance, exam preparation, or boot camp style training programs.</li><li>Cyber Security Training involves courses and training programs centered on IT network and system security.</li></ul>","materialsDescription":" <span style=\"font-weight: bold;\">What is IT Training?</span>\r\nThe organized activity aimed at imparting information and/or instructions to improve the recipient's performance or to help him or her attain a required level of knowledge or skill in the IT-sphere.\r\n<span style=\"font-weight: bold;\">Who is an information technology (IT) trainer?</span>\r\nInformation technology trainers may teach IT administrative support staff or an organization's non-technical business users how to operate, configure, and maintain new technology. Employed either in-house as part of the IT department or by a technology vendor, the information technology trainer helps a company get the most value from its investment in an IT solution.\r\nAn information technology degree helps IT professionals build a foundation for a technical training career. In addition, IT trainers must stay up to date with evolving technology. IT certification programs such as MCSE certification allow trainers to build expertise in specific vendor technologies and systems components. According to the Bureau of Labor Statistics, training and development specialists in all fields earned a mean annual salary of $55,310 in 2009. Software publishing was among the top-paying industries for trainers, with a salary of $71,960.\r\n<span style=\"font-weight: bold;\">What is the target audience of IT Training?</span>\r\nStudents of IT training programs are predominately those who work in jobs related to computer science, network administration, information technology management, cloud computing, telecommunications, etc.\r\nGeneral business professionals and consumers who use IT applications, and computer and software products are other important audiences for IT training. IT training, more so than most other content segments of the training market, contains a substantial amount of business to consumer (B2C) training. Consumer training occurs when a student (or purchaser of a training program) completes the training on their own, without the recommendation, supervision, or support of an employer. This includes individuals aiming to improve their IT skill set or to gain certifications.\r\nThere is also a considerable amount of government spending in the IT training market, predominately in the area of cybersecurity.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_IT_Trainings.png","alias":"it-trainings"},"727":{"id":727,"title":"IT Security Audit","description":" A <span style=\"font-weight: bold; \">computer security audit</span> is a manual or systematic measurable technical assessment of a system or application. Manual assessments include interviewing staff, performing security vulnerability scans, reviewing application and operating system access controls, and analyzing physical access to the systems. Automated assessments, or CAAT's, include system generated audit reports or using software to monitor and report changes to files and settings on a system. Systems can include personal computers, servers, mainframes, network routers, switches.\r\nAt its root, an <span style=\"font-weight: bold; \">IT security audit</span> includes two different assessments. The manual assessment occurs when an internal or external IT security audit companies interview employees, reviews access controls, analyzes physical access to hardware, and performs vulnerability scans. \r\nAudit, performed by IT security audit services or IT security audit software, analyzes individual technical infrastructure components at a detailed level, ensuring that each is functioning in a manner that reinforces appropriate information security. The stakes are made higher with a number of regulatory compliance requirements mandating that IT audits be included in organizational due diligence efforts. These reviews should occur, at a minimum, annually. Some organizations, however, prefer to do them more frequently.\r\nOrganizations should also review system-generated reports. Automated assessments not only incorporate that data, but also respond to software monitoring reports and changes to server and file settings.\r\nSecurity audits, vulnerability assessments, and penetration testing are the <span style=\"font-weight: bold; \">three main types of security diagnostics. </span>Each of the three takes a different approach and may be best suited for a particular purpose. \r\n<span style=\"font-weight: bold; \">Security audits</span> measure an information system's performance against a list of criteria. \r\nA <span style=\"font-weight: bold; \">vulnerability assessment,</span> on the other hand, involves a comprehensive study of an entire information system, seeking potential security weaknesses. \r\n<span style=\"font-weight: bold; \">Penetration testing</span> is a covert operation, in which a security expert tries a number of attacks to ascertain whether or not a system could withstand the same types of attacks from a malicious hacker. In penetration testing, the feigned attack can include anything a real attacker might try, such as social engineering. Each of the approaches has inherent strengths, and using two or more of them in conjunction may be the most effective approach of all.\r\n\r\n\r\n","materialsDescription":"<h1 class=\"align-center\"> <span style=\"font-weight: bold;\">What is a security audit?</span></h1>\r\nA Security Audit is a process or event where the IT security policy or standards are used as a basis to determine the overall state of existing protection and to verify whether existing protection is being performed properly. It aims to determine whether the current environment is securely protected in accordance with the defined IT security policy.<br />Before performing a security assessment or audit, the organization should define the scope of the security audit, and the budget and duration allowed for the assessment/audit.\r\n<h1 class=\"align-center\"><span style=\"font-weight: bold;\">How often should a security audit be performed?</span></h1>\r\nA security audit only provides a snapshot of the vulnerabilities in a system at a particular point in time. As technology and the business environment changes, periodic and ongoing reviews will inevitably be required. Depending on the criticality of the business, a security audit might be conducted yearly, or every two years.\r\n<h1 class=\"align-center\"><span style=\"font-weight: bold;\">Who should perform a security audit?</span></h1>\r\nA security audit is a complex task requiring skilled and experienced personnel; it must be planned carefully. To perform the audit an independent and trusted third party is recommended. This third party can be another group of in-house staff or an external audit team, dependent on the skills of the internal staff and the criticality/sensitivity of the information being audited.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_IT_Security_Audit.png","alias":"it-security-audit"},"791":{"id":791,"title":"Vulnerability Scanner","description":" A <span style=\"font-weight: bold;\">vulnerability scanner</span> is a computer program designed to assess computers, network vulnerability or applications for known weaknesses. In plain words, these scanners are used to discover the weaknesses of a given system. They are utilized in the identification and detection of vulnerabilities arising from mis-configurations or flawed programming within a network-based asset such as a firewall, router, web server, application server, etc. They&nbsp; are typically available as SaaS (Software as a service); provided over the internet and delivered as a web application. \r\nMost vulnerability scanners will also attempt to log in to systems using default or other credentials in order to build a more detailed picture of the system. After building up an inventory, the vulnerability scanner checks each item in the inventory against one or more databases of known vulnerabilities to see if any items are subject to any of these vulnerabilities. The result of such scan is a systems vulnerability analysis, highlighting any that have known vulnerabilities that may need threat and vulnerability management.\r\n<span style=\"font-weight: bold;\">How vulnerability scanning works</span>. Vulnerability scanning finds systems and software that have known security vulnerabilities, but this information is only useful to IT security teams when it is used as the first part of a four-part vulnerability management process. <span style=\"font-weight: bold;\">Vulnerability management process involves:</span>\r\n<ul><li>Identification of vulnerabilities</li><li>Evaluation of the risk posed by any vulnerabilities identified</li><li>Treatment of any identified vulnerabilities</li><li>Reporting on vulnerabilities and how they have been handled</li></ul>\r\n<br /><span style=\"font-weight: bold;\">Types of vulnerability scans. </span>Not all vulnerability scans are alike, and to ensure compliance with certain regulations (such as those set by the PCI Security Standards Council) it is necessary to carry out two distinct types of vulnerability scans: an internal and an external vulnerability scan. \r\n<span style=\"font-weight: bold;\">External vulnerability scan.</span> As the name suggests, an external vulnerability scan is carried out from outside an organization's network, and its principal purpose is to detect vulnerabilities in the perimeter defenses such as open ports in the network firewall or specialized web application firewall. An external vulnerability scan can help organizations fix security issues that could enable hackers to gain access to the organization's network.\r\n<span style=\"font-weight: bold;\">Internal vulnerability scan. </span>By contrast, an internal vulnerability scan is carried out from inside an organization's perimeter defenses. Its purpose is to detect vulnerabilities that could be exploited by hackers who successfully penetrate the perimeter defenses, or equally by &quot;insider threats&quot; such as contractors or disgruntled employees who have legitimate access to parts of the network.\r\n<span style=\"font-weight: bold;\">Unauthenticated and authenticated vulnerability scans.</span> A similar but not always identical variation of internal and external vulnerability scans is the concept of unauthenticated and authenticated vulnerability scans. Unauthenticated scans, like external scans, search for weaknesses in the network perimeter, while authenticated scans&nbsp; provide vulnerability scanners with various privileged credentials, allowing them to probe the inside of the network for weak passwords, configuration issues, and misconfigured databases or applications.<br /><br />","materialsDescription":"<h1 class=\"align-center\">What is Vulnerability Assessment?</h1>\r\nVulnerability Assessment is also known as Vulnerability Testing, is a vulnerability scanning software performed to evaluate the security risks in the software system in order to reduce the probability of a threat. Vulnerability Analysis depends upon two mechanisms namely Vulnerability Assessment and Penetration Testing (VAPT).\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Types of a vulnerability scanner:</span></p>\r\n<span style=\"font-weight: bold;\">Host Based. </span>Identifies the issues in the host or the system. The process is carried out by using host-based scanners and diagnose the vulnerabilities. The host-based tools will load a mediator software onto the target system; it will trace the event and report it to the security analyst.\r\n<span style=\"font-weight: bold;\">Network-Based.</span> It will detect the open port, and identify the unknown services running on these ports. Then it will disclose possible vulnerabilities associated with these services. This process is done by using Network-based Scanners.\r\n<span style=\"font-weight: bold;\">Database-Based.</span> It will identify the security exposure in the database systems using tools and techniques to prevent from SQL Injections. (SQL Injections: - Injecting SQL statements into the database by the malicious users, which can read the sensitive data's from a database and can update the data in the Database.)\r\n<h1 class=\"align-center\">How vulnerability scanners works?</h1>\r\nVulnerability scanning is an inspection of the potential points of exploit on a computer or network to identify security holes.\r\nA security scan detects and classifies system weaknesses in computers, networks and communications equipment and predicts the effectiveness of countermeasures. A scan may be performed by an organization’s IT department or a security service provide, possibly as a condition imposed by some authority.&nbsp; Vulnerability scans are also used by attackers looking for points of entry.\r\nA vulnerability scanner runs from the end point of the person inspecting the attack surface in question. The software compares details about the target attack surface to a database of information about known security holes in services and ports, anomalies in packet construction, and potential paths to exploitable programs or scripts. The scanner software attempts to exploit each vulnerability that is discovered.\r\nRunning a vulnerability scan can pose its own risks as it is inherently intrusive on the target machine’s running code. As a result, the scan can cause issues such as errors and reboots, reducing productivity.\r\n<h1 class=\"align-center\">How to choose the best vulnerability scanning tool?</h1>\r\nWhen researching vulnerability scanners, it's important to find out how they're rated for accuracy (the most important metric) as well as reliability, scalability and reporting. If accuracy is lacking, you'll end up running two different scanners, hoping that one picks up vulnerabilities that the other misses. This adds cost and effort to the scanning process. \r\n<span style=\"font-weight: bold;\">Software-Based Vulnerability Scanners.</span> These types of scanning products generally include configuration auditing, target profiling, penetration testing and detailed vulnerability analysis. They integrate with Windows products, such as Microsoft System Center, to provide intelligent patch management; some work with mobile device managers. They can scan not only physical network devices, servers and workstations, but extend to virtual machines, BYOD mobile devices and databases.\r\n<span style=\"font-weight: bold;\">Cloud-Based Vulnerability Scanners: </span>Continuous, On-Demand Monitoring. A newer type of vulnerability finder&nbsp; is delivered on-demand as Software as a Service (SaaS). Like software-based scanners, on-demand scanners incorporate links for downloading vendor patches and updates for identified vulnerabilities, reducing remediation effort. These services also include scanning thresholds to prevent overloading devices during the scanning process, which can cause devices to crash.\r\n<h1 class=\"align-center\">What is mobile application security scanner?</h1>\r\nMobile application security testing can help ensure there aren’t any loopholes in the software that may cause data loss. The sets of tests are meant to attack the app to identify possible threats and vulnerabilities that would allow external persons or systems to access private information stored on the mobile device. \r\nMobile application vulnerability scanner can help to ensure that applications are free from the flaws and weaknesses that hackers use to gain access to sensitive information. From backdoors, malicious code and other threats, these flaws may be present both in commercial and open source applications as well as software developed in-house.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Vulnerability_Scanner.png","alias":"vulnerability-scanner"},"793":{"id":793,"title":"Web Application Vulnerability Scanner","description":" A <span style=\"font-weight: bold; \">web application vulnerability scanner,</span> also known as a <span style=\"font-weight: bold; \">web application security scanner,</span> is an automated security tool. It scans web applications for malware, vulnerabilities, and logical flaws. Web application scanner use black box tests, as these tests do not require access to the source code but instead launch external attacks to test for security vulnerabilities. These simulated attacks can detect path traversal, cross-site scripting(XSS), and command injection.\r\nWeb app scanners are categorized as <span style=\"font-weight: bold; \">Dynamic Application Security Testing (DAST) tools.</span> DAST tools provide insight into how your web applications behave while they are in production, enabling your business to address potential vulnerabilities before a hacker uses them to stage an attack. As your web applications evolve, DAST solutions continue to scan them so that your business can promptly identify and remediate emerging issues before they develop into serious risks.\r\nWeb app vulnerability scanner first crawls the entire website, analyzing in-depth each file it finds, and displaying the entire website structure. After this discovery stage, it performs an automatic audit for common security vulnerabilities by launching a series of Web attacks. Web application scanners check for vulnerabilities on the Web server, proxy server, Web application server and even on other Web services. Unlike source code scanners, web application scanners don't have access to the source code and therefore detect vulnerabilities by actually performing attacks.\r\nA web application vulnerability assessment is very different than a general vulnerability assessment where security focus on networks and hosts. App vulnerability scanner scans ports, connect to services, and use other techniques to gather information revealing the patch levels, configurations, and potential exposures of our infrastructure.\r\nAutomated web application scanning tools help the user making sure the whole website is properly crawled, and that no input or parameter is left unchecked.&nbsp; Automated web vulnerability scanners also help in finding a high percentage of the technical vulnerabilities, and give you a very good overview of the website’s structure, and security status.&nbsp; \r\nThe best way to identify web application security threats is to perform web application vulnerability assessment. The importance of these threats could leave your organization exposed if they are not properly identified and mitigated. Therefore, implementing a web app security scanner solution should be of paramount importance for your organizations security plans in the future. \r\n\r\n","materialsDescription":"<h1 class=\"align-center\">Why Web Application Vulnerability Scanning is important?</h1>\r\nWeb applications are the technological base of modern companies. That’s why more and more businesses are betting on the development of this type of digital platforms. They stand out because they allow to automate processes, simplify tasks, be more efficient and offer a better service to the customer.<br /><br />The objective of web applications is that the user completes a task, be it buying, making a bank transaction, accessing e-mail, editing photos, texts, among many other things. In fact, they are very useful for an endless number of services, hence their popularity. Their disadvantages are few, but there is one that requires special attention: vulnerabilities.\r\n<p class=\"align-center\"><span style=\"font-weight: bold; \">Main web application security risks</span></p>\r\nA web vulnerability scanner tools will help you keep your services protected. However, it is important to be aware of the major security risks that exist so that both developers and security professionals are always alert and can find the most appropriate solutions in a timely manner.\r\n<ul><li><span style=\"font-weight: bold; \">Injection</span></li></ul>\r\nThis is a vulnerability that affects the application databases. They occur when unreliable data is sent to an interpreter by means of a command or query. The attacker may inject malicious code to disrupt the normal operation of the application by making it access the data without authorization or execute involuntary commands.\r\n<ul><li><span style=\"font-weight: bold; \">Authentication failures</span></li></ul>\r\nIf a vulnerability scan in web applications finds a failure, it may be due to loss of authentication. This is a critical vulnerability, as it allows the attacker to impersonate another user. This can compromise important data such as usernames, passwords, session tokens, and more.\r\n<ul><li><span style=\"font-weight: bold; \">Sensitive data exposure</span></li></ul>\r\nA serious risk is the exposure of sensitive data especially financial information such as credit cards or account numbers, personal data such as place of residence, or health-related information. If an attacker scans for this type of vulnerability, he or she may modify or steal this data and use it fraudulently. Therefore, it is essential to use a web app scanning tools to find vulnerabilities in web applications.<br /><br /><br />","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Web_Application_Vulnerability_Scanner.png","alias":"web-application-vulnerability-scanner"}},"branches":"Information Technology","companySizes":"101 to 500 Employees","companyUrl":"https://www.healthicity.com/home","countryCodes":[],"certifications":[],"isSeller":true,"isSupplier":true,"isVendor":true,"presenterCodeLng":"","seo":{"title":"Healthicity","keywords":"","description":" Founded by AAPC (American Academy of Professional Coders), <span style=\"font-weight: bold; \">Healthicity </span>is driven by a single idea: simplify the way your business operates. Company designs auditing, compliance and analytics solutions that deliver simp","og:title":"Healthicity","og:description":" Founded by AAPC (American Academy of Professional Coders), <span style=\"font-weight: bold; \">Healthicity </span>is driven by a single idea: simplify the way your business operates. Company designs auditing, compliance and analytics solutions that deliver simp","og:image":"https://old.roi4cio.com/uploads/roi/company/healthcity.png"},"eventUrl":"","vendorPartners":[],"supplierPartners":[],"vendoredProducts":[{"id":4551,"logoURL":"https://old.roi4cio.com/fileadmin/user_upload/healthcity.png","logo":true,"scheme":false,"title":"Audit Manager","vendorVerified":0,"rating":"0.00","implementationsCount":0,"suppliersCount":0,"supplierPartnersCount":0,"alias":"audit-manager","companyTitle":"Healthicity","companyTypes":["supplier","vendor"],"companyId":6964,"companyAlias":"healthicity","description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to-use, web-based solution. \r\nDesigned by auditors, for auditors, Audit Manager allows you to audit on your terms through immediate reporting, template customization, and total oversight of your entire audit program.\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Benefits</span></p>\r\n<span style=\"font-weight: bold;\">Identify Revenue.</span> Evaluate financial impact. Minimize denials and identify up to 10%, per provider, in missed revenue with extensive reporting and analytics tools.<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br /><span style=\"font-weight: bold;\">Increase Efficiency.</span> Improve your auditing efficiency by up to 40%. Reduce the amount of time you spend completing audits with our user-friendly interface.<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br /><span style=\"font-weight: bold;\">Improve Accuracy.</span> Customize your audit templates. Include your own standards, MAC carrier guidelines and claim scrubber tech for ideal results.\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Software Features</span></p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Cloud-based Access.</span> Never install software again. Access your audit tools, assignments, reports and training from anywhere, any time.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Flexible Audit Management.</span> Experience total oversight of your entire audit program. View the status, and each associated status, of every audit, by any auditor.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">E/M Calculator.</span> Save time with every audit. Automatically calculate E/M codes with a built-in calculator while you audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Reporting. </span>Capture and create clean, professional reports on every aspect, of any completed audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Education Modules.</span> Enjoy pain-free training. Track and report deficiencies on core competencies, and access training modules based on the outcome of audits.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Customizable Templates.</span> Ensure consistent language across your audit staff. Create your own customized audit findings/recommendations comment templates.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Pro-fee and Facility Audits.</span> Manage your entire organization's audit program with Audit Manager. Leverage simple-to-use modules to audit either your pro-fee or facility auditing needs.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Audit Coders &amp; Providers.</span> Audit anyone with the click of a button. Easily identify and sort your coders and providers, then start your customized audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Risk Adjustment.</span> Automatically complete your risk adjustment audits more efficiently. Then, deliver your audit results back to your provider or coder with clean, professional looking reports.<br /><br /><br /></p>","shortDescription":"Designed by auditors, for auditors, Audit Manager allows you to audit on your terms through immediate reporting, template customization, and total oversight of your entire audit program.","type":null,"isRoiCalculatorAvaliable":false,"isConfiguratorAvaliable":false,"bonus":100,"usingCount":0,"sellingCount":0,"discontinued":0,"rebateForPoc":0,"rebate":0,"seo":{"title":"Audit Manager","keywords":"","description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to","og:title":"Audit Manager","og:description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to","og:image":"https://old.roi4cio.com/fileadmin/user_upload/healthcity.png"},"eventUrl":"","translationId":4551,"dealDetails":null,"roi":null,"price":null,"bonusForReference":null,"templateData":[],"testingArea":"","categories":[{"id":69,"title":"Business Analytics","alias":"business-analytics","description":"Business Analytics is “the study of data through statistical and operations analysis, the formation of predictive models, application of optimization techniques, and the communication of these results to customers, business partners, and college executives.” Business Analytics requires quantitative methods and evidence-based data for business modeling and decision making; as such, Business Analytics requires the use of Big Data.\r\nSAS describes Big Data as “a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis.” What’s important to keep in mind about Big Data is that the amount of data is not as important to an organization as the analytics that accompany it. When companies analyze Big Data, they are using Business Analytics to get the insights required for making better business decisions and strategic moves.\r\nCompanies use Business Analytics (BA) to make data-driven decisions. The insight gained by BA enables these companies to automate and optimize their business processes. In fact, data-driven companies that utilize Business Analytics achieve a competitive advantage because they are able to use the insights to:\r\n<ul><li>Conduct data mining (explore data to find new patterns and relationships)</li><li>Complete statistical analysis and quantitative analysis to explain why certain results occur</li><li>Test previous decisions using A/B testing and multivariate testing</li><li>Make use of predictive modeling and predictive analytics to forecast future results</li></ul>\r\nBusiness Analytics also provides support for companies in the process of making proactive tactical decisions, and BA makes it possible for those companies to automate decision making in order to support real-time responses.","materialsDescription":"<span style=\"font-weight: bold; \">What does Business Analytics (BA) mean?</span>\r\nBusiness analytics (BA) refers to all the methods and techniques that are used by an organization to measure performance. Business analytics are made up of statistical methods that can be applied to a specific project, process or product. Business analytics can also be used to evaluate an entire company. Business analytics are performed in order to identify weaknesses in existing processes and highlight meaningful data that will help an organization prepare for future growth and challenges.\r\nThe need for good business analytics has spurred the creation of business analytics software and enterprise platforms that mine an organization’s data in order to automate some of these measures and pick out meaningful insights.\r\nAlthough the term has become a bit of a buzzword, business analytics are a vital part of any business. Business analytics make up a large portion of decision support systems, continuous improvement programs and many of the other techniques used to keep a business competitive. Consequently, accurate business analytics like efficiency measures and capacity utilization rates are the first step to properly implementing these techniques.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/Business_Analytics.png"},{"id":361,"title":"Financial Performance and Strategy Management Applications","alias":"financial-performance-and-strategy-management-applications","description":" Strategic financial management means not only managing a company's finances but managing them with the intention to succeed—that is, to attain the company's goals and objectives and maximize shareholder value over time. However, before a company can manage itself strategically, it first needs to define its objectives precisely, identify and quantify its available and potential resources, and devise a specific plan to use its finances and other capital resources toward achieving its goals.\r\nStrategic financial management is about creating profit for the business and ensuring an acceptable return on investment (ROI). Financial management is accomplished through business financial plans, setting up financial controls, and financial decision making.","materialsDescription":" <span style=\"font-weight: bold;\">What is financial performance management?</span>\r\nAlso known as corporate performance management, financial performance management refers to the ways that a company manages and monitors financial results across an organization. The primary purpose of financial performance management is to compare actual results to budgets and forecasts and make adjustments accordingly. The result? Companies are better equipped to meet their business goals.\r\nVentana Research describes financial performance management as a specific set of capabilities that includes &quot;defining their company's key performance indicators, formulating strategic plans and forecasts, handling performance reporting, and increasing finance operational efficiency and execution company-wide.”\r\n<span style=\"font-weight: bold;\">What is financial performance management software?</span>\r\nFinancial performance management software, also known as corporate performance management software, streamlines financial management processes. This software connects budgeting, planning, close, consolidation, reporting, and disclosure to a single data source. It enables users to complete these tasks in one software system, as opposed to many separate systems.\r\nIn essence, financial performance management software consolidates information, formats it to meet compliance requirements, and provides automated tools that enable finance to create regulatory reports and disclosures. In addition to a central data repository and workflow tools, financial performance management software has features to create, manage, validate, and publish financial statements and reports. Best-in-class financial performance management software even has a robust suite of communication tools that foster collaboration and improve audit controls.\r\n<span style=\"font-weight: bold;\">What are the benefits of corporate performance management?</span>\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies become more agile when faced with unexpected business events.</span> With features like KPI dashboards, real-time data, and responsive plans that change as actuals do, CFOs and finance executives can understand what’s happening and take action faster.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies make better decisions.</span> CPM systems often have automated features like scenario modeling, rolling forecasts, and what-if scenarios analysis. Using these in combination with a single version of automated data, executives can better analyze performance, respond to change, and make more informed decisions.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies focus on analysis.</span> Using corporate performance software, users spend less time on manual tasks like data collection and data entry. Instead, they can focus their time on value-added activities like analyzing profitability, reducing costs, business partnering with executive decision-makers, and developing a strategy.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies interpret large amounts of data quickly.</span> CPM as we know it is evolving. Once CPM was purely financial management. Today, organizations are sitting on a treasure trove of information, that if adequately managed, could provide telling insights about the state of business and the direction decision-makers should take next. Modernized CPM solutions help financial users identify these underlying trends, unearth insights, and interpret large amounts of data quickly.\r\n<span style=\"font-weight: bold;\">Corporate performance management aligns the entire organization, from corporate to subsidiaries to divisions to LoBs, departments, and individual contributors all in a single solution.</span> CPM software aligns every part of the organization to a central data source, so collaborators make all decisions, create reports, and perform analysis with financial truth top of mind and with finance at the heart of every decision.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Financial_Performance_and_Strategy_Management_Applications.png"},{"id":351,"title":"Financial Accounting Applications","alias":"financial-accounting-applications","description":" Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision-making purposes.\r\nFinancial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.\r\nOn the other hand, International Financial Reporting Standards (IFRS) is a set of passionate accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.\r\nWhile financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business.","materialsDescription":" <span style=\"font-weight: bold;\">What is accounting?</span>\r\nAccounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.\r\n<span style=\"font-weight: bold;\">What are the examples of Financial Accounting?</span>\r\nOne part of accounting focuses on presenting the financial information in the form of general-purpose financial statements (balance sheet, income statement, etc.) that are distributed to people outside of the company. These external reports must be prepared in accordance with generally accepted accounting principles often referred to as GAAP or US GAAP.\r\n<span style=\"font-weight: bold;\">What is the difference between financial accounting and management accounting?</span>\r\nFinancial accounting has its focus on the financial statements which are distributed to stockholders, lenders, financial analysts, and others outside of a corporation or other organization. Because of the many users, the financial statements must comply with the generally accepted accounting principles, known as GAAP or US GAAP.<br />Managerial accounting is focused on assisting management in the operation of the company. This will include analyzing a company's costs, assisting in financial decisions, profit planning, calculating break-even points, capital budgeting, and calculating the costs of existing products in order to value the company's inventory and to determine the cost of goods sold (both to be used on the financial statements).","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Financial_Accounting_Applications.png"}],"characteristics":[],"concurentProducts":[],"jobRoles":[],"organizationalFeatures":[],"complementaryCategories":[],"solutions":[],"materials":[],"useCases":[],"best_practices":[],"values":[],"implementations":[]}],"suppliedProducts":[{"id":4551,"logoURL":"https://old.roi4cio.com/fileadmin/user_upload/healthcity.png","logo":true,"scheme":false,"title":"Audit Manager","vendorVerified":0,"rating":"0.00","implementationsCount":0,"suppliersCount":0,"supplierPartnersCount":0,"alias":"audit-manager","companyTitle":"Healthicity","companyTypes":["supplier","vendor"],"companyId":6964,"companyAlias":"healthicity","description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to-use, web-based solution. \r\nDesigned by auditors, for auditors, Audit Manager allows you to audit on your terms through immediate reporting, template customization, and total oversight of your entire audit program.\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Benefits</span></p>\r\n<span style=\"font-weight: bold;\">Identify Revenue.</span> Evaluate financial impact. Minimize denials and identify up to 10%, per provider, in missed revenue with extensive reporting and analytics tools.<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br /><span style=\"font-weight: bold;\">Increase Efficiency.</span> Improve your auditing efficiency by up to 40%. Reduce the amount of time you spend completing audits with our user-friendly interface.<br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br /><span style=\"font-weight: bold;\">Improve Accuracy.</span> Customize your audit templates. Include your own standards, MAC carrier guidelines and claim scrubber tech for ideal results.\r\n<p class=\"align-center\"><span style=\"font-weight: bold;\">Software Features</span></p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Cloud-based Access.</span> Never install software again. Access your audit tools, assignments, reports and training from anywhere, any time.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Flexible Audit Management.</span> Experience total oversight of your entire audit program. View the status, and each associated status, of every audit, by any auditor.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">E/M Calculator.</span> Save time with every audit. Automatically calculate E/M codes with a built-in calculator while you audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Reporting. </span>Capture and create clean, professional reports on every aspect, of any completed audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Education Modules.</span> Enjoy pain-free training. Track and report deficiencies on core competencies, and access training modules based on the outcome of audits.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Customizable Templates.</span> Ensure consistent language across your audit staff. Create your own customized audit findings/recommendations comment templates.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Pro-fee and Facility Audits.</span> Manage your entire organization's audit program with Audit Manager. Leverage simple-to-use modules to audit either your pro-fee or facility auditing needs.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Audit Coders &amp; Providers.</span> Audit anyone with the click of a button. Easily identify and sort your coders and providers, then start your customized audit.</p>\r\n<p class=\"align-left\"><span style=\"font-weight: bold;\">Risk Adjustment.</span> Automatically complete your risk adjustment audits more efficiently. Then, deliver your audit results back to your provider or coder with clean, professional looking reports.<br /><br /><br /></p>","shortDescription":"Designed by auditors, for auditors, Audit Manager allows you to audit on your terms through immediate reporting, template customization, and total oversight of your entire audit program.","type":null,"isRoiCalculatorAvaliable":false,"isConfiguratorAvaliable":false,"bonus":100,"usingCount":0,"sellingCount":0,"discontinued":0,"rebateForPoc":0,"rebate":0,"seo":{"title":"Audit Manager","keywords":"","description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to","og:title":"Audit Manager","og:description":"<p class=\"align-center\"><span style=\"font-weight: bold;\">Pro-fee and Facility Medical Auditing Software. Introducing Audit Manager.</span></p>\r\nStreamline the way you manage audits by merging audit workflow, management, education and reporting into one easy-to","og:image":"https://old.roi4cio.com/fileadmin/user_upload/healthcity.png"},"eventUrl":"","translationId":4551,"dealDetails":null,"roi":null,"price":null,"bonusForReference":null,"templateData":[],"testingArea":"","categories":[{"id":69,"title":"Business Analytics","alias":"business-analytics","description":"Business Analytics is “the study of data through statistical and operations analysis, the formation of predictive models, application of optimization techniques, and the communication of these results to customers, business partners, and college executives.” Business Analytics requires quantitative methods and evidence-based data for business modeling and decision making; as such, Business Analytics requires the use of Big Data.\r\nSAS describes Big Data as “a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis.” What’s important to keep in mind about Big Data is that the amount of data is not as important to an organization as the analytics that accompany it. When companies analyze Big Data, they are using Business Analytics to get the insights required for making better business decisions and strategic moves.\r\nCompanies use Business Analytics (BA) to make data-driven decisions. The insight gained by BA enables these companies to automate and optimize their business processes. In fact, data-driven companies that utilize Business Analytics achieve a competitive advantage because they are able to use the insights to:\r\n<ul><li>Conduct data mining (explore data to find new patterns and relationships)</li><li>Complete statistical analysis and quantitative analysis to explain why certain results occur</li><li>Test previous decisions using A/B testing and multivariate testing</li><li>Make use of predictive modeling and predictive analytics to forecast future results</li></ul>\r\nBusiness Analytics also provides support for companies in the process of making proactive tactical decisions, and BA makes it possible for those companies to automate decision making in order to support real-time responses.","materialsDescription":"<span style=\"font-weight: bold; \">What does Business Analytics (BA) mean?</span>\r\nBusiness analytics (BA) refers to all the methods and techniques that are used by an organization to measure performance. Business analytics are made up of statistical methods that can be applied to a specific project, process or product. Business analytics can also be used to evaluate an entire company. Business analytics are performed in order to identify weaknesses in existing processes and highlight meaningful data that will help an organization prepare for future growth and challenges.\r\nThe need for good business analytics has spurred the creation of business analytics software and enterprise platforms that mine an organization’s data in order to automate some of these measures and pick out meaningful insights.\r\nAlthough the term has become a bit of a buzzword, business analytics are a vital part of any business. Business analytics make up a large portion of decision support systems, continuous improvement programs and many of the other techniques used to keep a business competitive. Consequently, accurate business analytics like efficiency measures and capacity utilization rates are the first step to properly implementing these techniques.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/Business_Analytics.png"},{"id":361,"title":"Financial Performance and Strategy Management Applications","alias":"financial-performance-and-strategy-management-applications","description":" Strategic financial management means not only managing a company's finances but managing them with the intention to succeed—that is, to attain the company's goals and objectives and maximize shareholder value over time. However, before a company can manage itself strategically, it first needs to define its objectives precisely, identify and quantify its available and potential resources, and devise a specific plan to use its finances and other capital resources toward achieving its goals.\r\nStrategic financial management is about creating profit for the business and ensuring an acceptable return on investment (ROI). Financial management is accomplished through business financial plans, setting up financial controls, and financial decision making.","materialsDescription":" <span style=\"font-weight: bold;\">What is financial performance management?</span>\r\nAlso known as corporate performance management, financial performance management refers to the ways that a company manages and monitors financial results across an organization. The primary purpose of financial performance management is to compare actual results to budgets and forecasts and make adjustments accordingly. The result? Companies are better equipped to meet their business goals.\r\nVentana Research describes financial performance management as a specific set of capabilities that includes &quot;defining their company's key performance indicators, formulating strategic plans and forecasts, handling performance reporting, and increasing finance operational efficiency and execution company-wide.”\r\n<span style=\"font-weight: bold;\">What is financial performance management software?</span>\r\nFinancial performance management software, also known as corporate performance management software, streamlines financial management processes. This software connects budgeting, planning, close, consolidation, reporting, and disclosure to a single data source. It enables users to complete these tasks in one software system, as opposed to many separate systems.\r\nIn essence, financial performance management software consolidates information, formats it to meet compliance requirements, and provides automated tools that enable finance to create regulatory reports and disclosures. In addition to a central data repository and workflow tools, financial performance management software has features to create, manage, validate, and publish financial statements and reports. Best-in-class financial performance management software even has a robust suite of communication tools that foster collaboration and improve audit controls.\r\n<span style=\"font-weight: bold;\">What are the benefits of corporate performance management?</span>\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies become more agile when faced with unexpected business events.</span> With features like KPI dashboards, real-time data, and responsive plans that change as actuals do, CFOs and finance executives can understand what’s happening and take action faster.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies make better decisions.</span> CPM systems often have automated features like scenario modeling, rolling forecasts, and what-if scenarios analysis. Using these in combination with a single version of automated data, executives can better analyze performance, respond to change, and make more informed decisions.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies focus on analysis.</span> Using corporate performance software, users spend less time on manual tasks like data collection and data entry. Instead, they can focus their time on value-added activities like analyzing profitability, reducing costs, business partnering with executive decision-makers, and developing a strategy.\r\n<span style=\"font-weight: bold;\">Corporate performance management helps companies interpret large amounts of data quickly.</span> CPM as we know it is evolving. Once CPM was purely financial management. Today, organizations are sitting on a treasure trove of information, that if adequately managed, could provide telling insights about the state of business and the direction decision-makers should take next. Modernized CPM solutions help financial users identify these underlying trends, unearth insights, and interpret large amounts of data quickly.\r\n<span style=\"font-weight: bold;\">Corporate performance management aligns the entire organization, from corporate to subsidiaries to divisions to LoBs, departments, and individual contributors all in a single solution.</span> CPM software aligns every part of the organization to a central data source, so collaborators make all decisions, create reports, and perform analysis with financial truth top of mind and with finance at the heart of every decision.","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Financial_Performance_and_Strategy_Management_Applications.png"},{"id":351,"title":"Financial Accounting Applications","alias":"financial-accounting-applications","description":" Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision-making purposes.\r\nFinancial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.\r\nOn the other hand, International Financial Reporting Standards (IFRS) is a set of passionate accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.\r\nWhile financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business.","materialsDescription":" <span style=\"font-weight: bold;\">What is accounting?</span>\r\nAccounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.\r\n<span style=\"font-weight: bold;\">What are the examples of Financial Accounting?</span>\r\nOne part of accounting focuses on presenting the financial information in the form of general-purpose financial statements (balance sheet, income statement, etc.) that are distributed to people outside of the company. These external reports must be prepared in accordance with generally accepted accounting principles often referred to as GAAP or US GAAP.\r\n<span style=\"font-weight: bold;\">What is the difference between financial accounting and management accounting?</span>\r\nFinancial accounting has its focus on the financial statements which are distributed to stockholders, lenders, financial analysts, and others outside of a corporation or other organization. Because of the many users, the financial statements must comply with the generally accepted accounting principles, known as GAAP or US GAAP.<br />Managerial accounting is focused on assisting management in the operation of the company. This will include analyzing a company's costs, assisting in financial decisions, profit planning, calculating break-even points, capital budgeting, and calculating the costs of existing products in order to value the company's inventory and to determine the cost of goods sold (both to be used on the financial statements).","iconURL":"https://old.roi4cio.com/fileadmin/user_upload/icon_Financial_Accounting_Applications.png"}],"characteristics":[],"concurentProducts":[],"jobRoles":[],"organizationalFeatures":[],"complementaryCategories":[],"solutions":[],"materials":[],"useCases":[],"best_practices":[],"values":[],"implementations":[]}],"partnershipProgramme":null}},"aliases":{},"links":{},"meta":{},"loading":false,"error":null},"implementations":{"implementationsByAlias":{},"aliases":{},"links":{},"meta":{},"loading":false,"error":null},"agreements":{"agreementById":{},"ids":{},"links":{},"meta":{},"loading":false,"error":null},"comparison":{"loading":false,"error":false,"templatesById":{},"comparisonByTemplateId":{},"products":[],"selectedTemplateId":null},"presentation":{"type":null,"company":{},"products":[],"partners":[],"formData":{},"dataLoading":false,"dataError":false,"loading":false,"error":false},"catalogsGlobal":{"subMenuItemTitle":""}}