#external audit software
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1auditmanagementsoftware · 3 months ago
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Audit Planning Software
1Audit's Audit Planning Software helps streamline the audit planning process by providing tools for document control, team collaboration, and compliance management. It allows users to organize and manage audit documents securely, ensures efficient communication among audit teams, and supports adherence to professional standards. The software is cloud-based, enabling secure access to audit files from anywhere, making the planning process more efficient and organized.
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compliancequest · 3 months ago
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The Future of Risk Management with AI-Powered External Audit Software
In the ever-evolving regulatory and operational landscape of modern manufacturing and life sciences, audit preparedness is no longer a periodic requirement but a constant necessity. As businesses expand, so do the complexities of compliance and quality assurance. AI-powered External Audit Software is redefining how organizations manage risk, transforming traditional auditing practices into continuous, predictive, and intelligence-driven frameworks. From identifying anomalies in real-time to guiding audit resolution strategies, the future of risk management is built on automation, accuracy, and advanced analytics.
Transforming Audit Management with Intelligent External Audit Software
Real-Time Oversight with AI-Enabled External Audit Software
AI capabilities embedded in external audit software are enabling real-time data analysis that was previously unfeasible with legacy systems. These intelligent tools interpret historical audit findings, policy changes, and operational data to identify high-risk areas proactively. This empowers audit managers to stay ahead of issues, eliminate manual review cycles, and improve response time during compliance events.
From Reactive to Predictive: Changing the Risk Management Paradigm
Traditional audit management was reactive, relying heavily on scheduled inspections and post-incident investigations. AI-powered audit management and tracking software systems enable predictive insights by flagging potential compliance gaps or control failures before they occur. This predictive approach transforms audit management into a proactive business advantage.
The Role of Automation in Internal Audit Management Software Systems
Enhancing Efficiency Across Internal Audit Workflows
Automation within internal audit management software systems reduces administrative overhead, allowing audit teams to focus on strategic analysis. From planning and scheduling audits to assigning corrective actions and closing nonconformances, automation standardizes workflows and accelerates audit resolution timelines.
Improving Consistency and Accuracy in Compliance Management
Audit processes are inherently data-driven. Internal audit tracking software and AI algorithms ensure consistent data capture, eliminating the risk of human error in reporting and documentation. Standardized digital audit templates, version control, and intelligent workflows ensure compliance management stays aligned with global regulations.
AI-Driven Risk Management and the Power of Audit Intelligence
Leveraging Historical Audit Data for Strategic Risk Planning
AI-powered Audit Management and tracking software systems mine historical audit records to identify patterns, recurring issues, and systemic gaps. These insights inform risk-based audit planning, enabling organizations to allocate resources toward the most impactful compliance areas.
Real-Time Anomaly Detection and Alerts
The integration of AI into external audit software enables real-time anomaly detection based on deviations from normal process behavior. Whether monitoring supplier performance or internal quality metrics, this capability ensures early risk identification and immediate escalation.
Aligning External Audit Software with Enterprise-Wide Compliance Goals
Bridging Compliance Silos with Unified Audit Management Systems
External audits affect multiple departments—quality, operations, procurement, and more. AI-enabled internal audit management software systems unify these functions under a centralized audit platform, eliminating silos and creating a single source of truth for compliance activities.
Scaling Audit Programs Across Global Supply Chains
Global manufacturers often face inconsistent audit practices across regions. External audit software with built-in AI and automation ensures audit standardization across geographies, supply chains, and product lines. This creates uniform compliance oversight, reducing the risk of localized noncompliance.
The Strategic Impact of Audit Management and Tracking Software Systems
Enabling Agile Audit Planning for Dynamic Regulatory Environments
As regulatory expectations evolve, organizations need agile audit plans. Internal audit tracking software allows for dynamic adjustments to audit schedules and scopes based on real-time risk data. This flexibility ensures that audit programs remain relevant and responsive to emerging risks.
Supporting Digital Transformation and Business Resilience
Digital audit management systems support enterprise-wide transformation by embedding compliance into core processes. AI-powered audit software fosters resilience, enabling rapid adaptation to regulatory changes, market disruptions, or internal policy shifts.
Enforcing Accountability and Compliance Ownership
Role-Based Controls and Task Escalation
Modern audit management and tracking software systems provide role-based access and escalation paths that ensure the right teams address audit findings promptly. With AI prioritizing actions based on risk severity, accountability is embedded in every step of the audit lifecycle.
Continuous Improvement Through Closed-Loop Audit Processes
Audit results shouldn’t be filed away after review. Internal audit management software systems ensure that findings drive measurable improvements. Closed-loop systems track corrective actions to completion, providing audit trails that validate compliance remediation.
Enhancing
Regulatory Audit Readiness with Intelligent Tools
Always-Ready Compliance with Real-Time Monitoring
By continuously monitoring compliance parameters, AI-powered external audit software maintains organizations in a state of constant audit readiness. This reduces audit preparation time, improves stakeholder confidence, and demonstrates operational control to regulatory agencies.
Simplifying Evidence Collection and Regulatory Reporting
AI-integrated Internal Audit Tracking Software simplifies the collection of supporting documentation and evidence during audits. Pre-configured templates, document linking, and real-time status dashboards make it easier to demonstrate compliance to auditors.
Driving Strategic Value from External Audit Software Investments
Shifting from Cost Center to Value Center
With AI driving risk prediction and resource optimization, external audit software becomes a strategic enabler. Instead of viewing audits as compliance obligations, forward-looking companies treat them as sources of business intelligence that enhance performance and mitigate risks.
Aligning Risk Management with Business Objectives
When audit and compliance functions are aligned with business goals, they deliver more than risk mitigation—they support growth, innovation, and stakeholder trust. External audit platforms integrated with risk and quality systems provide the insights needed for strategic decision-making.
Why ComplianceQuest Management Software is Essential for Business in 2025
In 2025, organizations will face increasing scrutiny, tighter regulations, and growing expectations around transparency and accountability. ComplianceQuest Management Software offers a future-ready platform equipped with AI-driven external audit software, integrated risk, and compliance tools, and enterprise-wide connectivity. Designed for manufacturers and life sciences companies operating in high-risk environments, ComplianceQuest enables real-time monitoring, predictive risk analytics, and scalable audit programs. Businesses that prioritize proactive compliance management today will be better prepared for the regulatory challenges of tomorrow. With ComplianceQuest, quality, compliance, and risk management become strategic levers for innovation and long-term growth.
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1audit · 9 months ago
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Looking for a comprehensive audit solution? 1audit offers top-of-the-line external audit software designed to simplify your audit management process. Our platform provides a seamless experience, combining powerful audit management software with an intuitive interface for external audit review and documentation. Whether you're conducting regular audits or need a robust external audit application, 1audit has you covered.
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daas4pro · 1 year ago
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How does the adoption of blockchain in auditing firms enhance the practices of Chartered Accountants?
Introduction: In recent years, the accounting and auditing landscape has undergone a transformative shift with the integration of blockchain technology. Blockchain, the decentralized and transparent ledger system that underlies cryptocurrencies, has found its way into various industries, and auditing firms are no exception. This exploration aims to highlight how the adoption of blockchain in…
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mariacallous · 4 months ago
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In the span of just weeks, the U.S. government has experienced what may be the most consequential security breach in its history—not through a sophisticated cyberattack or an act of foreign espionage, but through official orders by a billionaire with a poorly defined government role. And the implications for national security are profound.
First, it was reported that people associated with the newly created Department of Government Efficiency (DOGE) had accessed the U.S. Treasury computer system, giving them the ability to collect data on and potentially control the department’s roughly $5.45 trillion in annual federal payments.
Then, we learned that uncleared DOGE personnel had gained access to classified data from the U.S. Agency for International Development, possibly copying it onto their own systems. Next, the Office of Personnel Management—which holds detailed personal data on millions of federal employees, including those with security clearances—was compromised. After that, Medicaid and Medicare records were compromised.
Meanwhile, only partially redacted names of CIA employees were sent over an unclassified email account. DOGE personnel are also reported to be feeding Education Department data into artificial intelligence software, and they have also started working at the Department of Energy.
This story is moving very fast. On Feb. 8, a federal judge blocked the DOGE team from accessing the Treasury Department systems any further. But given that DOGE workers have already copied data and possibly installed and modified software, it’s unclear how this fixes anything.
In any case, breaches of other critical government systems are likely to follow unless federal employees stand firm on the protocols protecting national security.
The systems that DOGE is accessing are not esoteric pieces of our nation’s infrastructure—they are the sinews of government.
For example, the Treasury Department systems contain the technical blueprints for how the federal government moves money, while the Office of Personnel Management (OPM) network contains information on who and what organizations the government employs and contracts with.
What makes this situation unprecedented isn’t just the scope, but also the method of attack. Foreign adversaries typically spend years attempting to penetrate government systems such as these, using stealth to avoid being seen and carefully hiding any tells or tracks. The Chinese government’s 2015 breach of OPM was a significant U.S. security failure, and it illustrated how personnel data could be used to identify intelligence officers and compromise national security.
In this case, external operators with limited experience and minimal oversight are doing their work in plain sight and under massive public scrutiny: gaining the highest levels of administrative access and making changes to the United States’ most sensitive networks, potentially introducing new security vulnerabilities in the process.
But the most alarming aspect isn’t just the access being granted. It’s the systematic dismantling of security measures that would detect and prevent misuse—including standard incident response protocols, auditing, and change-tracking mechanisms—by removing the career officials in charge of those security measures and replacing them with inexperienced operators.
The Treasury’s computer systems have such an impact on national security that they were designed with the same principle that guides nuclear launch protocols: No single person should have unlimited power. Just as launching a nuclear missile requires two separate officers turning their keys simultaneously, making changes to critical financial systems traditionally requires multiple authorized personnel working in concert.
This approach, known as “separation of duties,” isn’t just bureaucratic red tape; it’s a fundamental security principle as old as banking itself. When your local bank processes a large transfer, it requires two different employees to verify the transaction. When a company issues a major financial report, separate teams must review and approve it. These aren’t just formalities—they’re essential safeguards against corruption and error.
These measures have been bypassed or ignored. It’s as if someone found a way to rob Fort Knox by simply declaring that the new official policy is to fire all the guards and allow unescorted visits to the vault.
The implications for national security are staggering. Sen. Ron Wyden said his office had learned that the attackers gained privileges that allow them to modify core programs in Treasury Department computers that verify federal payments, access encrypted keys that secure financial transactions, and alter audit logs that record system changes. Over at OPM, reports indicate that individuals associated with DOGE connected an unauthorized server into the network. They are also reportedly training AI software on all of this sensitive data.
This is much more critical than the initial unauthorized access. These new servers have unknown capabilities and configurations, and there’s no evidence that this new code has gone through any rigorous security testing protocols. The AIs being trained are certainly not secure enough for this kind of data. All are ideal targets for any adversary, foreign or domestic, also seeking access to federal data.
There’s a reason why every modification—hardware or software—to these systems goes through a complex planning process and includes sophisticated access-control mechanisms. The national security crisis is that these systems are now much more vulnerable to dangerous attacks at the same time that the legitimate system administrators trained to protect them have been locked out.
By modifying core systems, the attackers have not only compromised current operations, but have also left behind vulnerabilities that could be exploited in future attacks—giving adversaries such as Russia and China an unprecedented opportunity. These countries have long targeted these systems. And they don’t just want to gather intelligence—they also want to understand how to disrupt these systems in a crisis.
Now, the technical details of how these systems operate, their security protocols, and their vulnerabilities are now potentially exposed to unknown parties without any of the usual safeguards. Instead of having to breach heavily fortified digital walls, these parties  can simply walk through doors that are being propped open—and then erase evidence of their actions.
The security implications span three critical areas.
First, system manipulation: External operators can now modify operations while also altering audit trails that would track their changes. Second, data exposure: Beyond accessing personal information and transaction records, these operators can copy entire system architectures and security configurations—in one case, the technical blueprint of the country’s federal payment infrastructure. Third, and most critically, is the issue of system control: These operators can alter core systems and authentication mechanisms while disabling the very tools designed to detect such changes. This is more than modifying operations; it is modifying the infrastructure that those operations use.
To address these vulnerabilities, three immediate steps are essential. First, unauthorized access must be revoked and proper authentication protocols restored. Next, comprehensive system monitoring and change management must be reinstated—which, given the difficulty of cleaning a compromised system, will likely require a complete system reset. Finally, thorough audits must be conducted of all system changes made during this period.
This is beyond politics—this is a matter of national security. Foreign national intelligence organizations will be quick to take advantage of both the chaos and the new insecurities to steal U.S. data and install backdoors to allow for future access.
Each day of continued unrestricted access makes the eventual recovery more difficult and increases the risk of irreversible damage to these critical systems. While the full impact may take time to assess, these steps represent the minimum necessary actions to begin restoring system integrity and security protocols.
Assuming that anyone in the government still cares.
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joshinglis123 · 2 months ago
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Navigate the New Rules of ZATCA e-Invoicing Phase 2
The digital shift in Saudi Arabia’s tax landscape is picking up speed. At the center of it all is ZATCA e-Invoicing Phase 2—a mandatory evolution for VAT-registered businesses that brings more structure, security, and real-time integration to how invoices are issued and reported.
If you’ve already adjusted to Phase 1, you’re halfway there. But Phase 2 introduces new technical and operational changes that require deeper preparation. The good news? With the right understanding, this shift can actually help streamline your business and improve your reporting accuracy.
Let’s walk through everything you need to know—clearly, simply, and without the technical overwhelm.
What Is ZATCA e-Invoicing Phase 2?
To recap, ZATCA stands for the Zakat, Tax and Customs Authority in Saudi Arabia. It oversees tax compliance in the Kingdom and is driving the movement toward electronic invoicing through a phased approach.
The Two Phases at a Glance:
Phase 1 (Generation Phase): Started in December 2021, requiring businesses to issue digital (structured XML) invoices using compliant systems.
Phase 2 (Integration Phase): Began in January 2023, and requires companies to integrate their invoicing systems directly with ZATCA for invoice clearance or reporting.
This second phase is a big leap toward real-time transparency and anti-fraud efforts, aligning with Vision 2030’s goal of building a smart, digital economy.
Why Does Phase 2 Matter?
ZATCA isn’t just ticking boxes—it’s building a national infrastructure where tax-related transactions are instant, auditable, and harder to manipulate. For businesses, this means more accountability but also potential benefits.
Benefits include:
Reduced manual work and paperwork
More accurate tax reporting
Easier audits and compliance checks
Stronger business credibility
Less risk of invoice rejection or disputes
Who Must Comply (and When)?
ZATCA isn’t pushing everyone into Phase 2 overnight. Instead, it’s rolling out compliance in waves, based on annual revenue.
Here's how it’s working:
Wave 1: Companies earning over SAR 3 billion (Started Jan 1, 2023)
Wave 2: Businesses making over SAR 500 million (Started July 1, 2023)
Future Waves: Will gradually include businesses with lower revenue thresholds
If you haven’t been notified yet, don’t relax too much. ZATCA gives companies a 6-month window to prepare after they're selected—so it’s best to be ready early.
What Does Compliance Look Like?
So, what exactly do you need to change in Phase 2? It's more than just creating digital invoices—now your system must be capable of live interaction with ZATCA’s platform, FATOORA.
Main Requirements:
System Integration: Your invoicing software must connect to ZATCA’s API.
XML Format: Invoices must follow a specific structured format.
Digital Signatures: Mandatory to prove invoice authenticity.
UUID and Cryptographic Stamps: Each invoice must have a unique identifier and be digitally stamped.
QR Codes: Required especially for B2C invoices.
Invoice Clearance or Reporting:
B2B invoices (Standard): Must be cleared in real time before being sent to the buyer.
B2C invoices (Simplified): Must be reported within 24 hours after being issued.
How to Prepare for ZATCA e-Invoicing Phase 2
Don’t wait for a formal notification to get started. The earlier you prepare, the smoother the transition will be.
1. Assess Your Current Invoicing System
Ask yourself:
Can my system issue XML invoices?
Is it capable of integrating with external APIs?
Does it support digital stamping and signing?
If not, it’s time to either upgrade your system or migrate to a ZATCA-certified solution.
2. Choose the Right E-Invoicing Partner
Many local and international providers now offer ZATCA-compliant invoicing tools. Look for:
Local support and Arabic language interface
Experience with previous Phase 2 implementations
Ongoing updates to stay compliant with future changes
3. Test in ZATCA’s Sandbox
Before going live, ZATCA provides a sandbox environment for testing your setup. Use this opportunity to:
Validate invoice formats
Test real-time API responses
Simulate your daily invoicing process
4. Train Your Staff
Ensure everyone involved understands what’s changing. This includes:
Accountants and finance officers
Sales and billing teams
IT and software teams
Create a simple internal workflow that covers:
Who issues the invoice
How it gets cleared or reported
What happens if it’s rejected
Common Mistakes to Avoid
Transitioning to ZATCA e-Invoicing Phase 2 isn’t difficult—but there are a few traps businesses often fall into:
Waiting too long: 6 months isn’t much time if system changes are required.
Relying on outdated software: Non-compliant systems can cause major delays.
Ignoring sandbox testing: It’s your safety net—use it.
Overcomplicating the process: Keep workflows simple and efficient.
What Happens If You Don’t Comply?
ZATCA has teeth. If you’re selected for Phase 2 and fail to comply by the deadline, you may face:
Financial penalties
Suspension of invoicing ability
Legal consequences
Reputation damage with clients and partners
This is not a soft suggestion—it’s a mandatory requirement with real implications.
The Upside of Compliance
Yes, it’s mandatory. Yes, it takes some effort. But it’s not all downside. Many businesses that have adopted Phase 2 early are already seeing internal benefits:
Faster approvals and reduced invoice disputes
Cleaner, more accurate records
Improved VAT recovery processes
Enhanced data visibility for forecasting and planning
The more digital your systems, the better equipped you are for long-term growth in Saudi Arabia's evolving business landscape.
Final Words: Don’t Just Comply—Adapt and Thrive
ZATCA e-invoicing phase 2 isn’t just about avoiding penalties—it’s about future-proofing your business. The better your systems are today, the easier it will be to scale, compete, and thrive in a digital-first economy.
Start early. Get the right tools. Educate your team. And treat this not as a burden—but as a stepping stone toward smarter operations and greater compliance confidence.
Key Takeaways:
Phase 2 is live and being rolled out in waves—check if your business qualifies.
It requires full system integration with ZATCA via APIs.
Real-time clearance and structured XML formats are now essential.
Early preparation and testing are the best ways to avoid stress and penalties.
The right software partner can make all the difference.
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cooganbegs-blog · 4 months ago
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Oh gawd, it’s all unravelling!! I’ve resorted to asking my ChatGPT for advice on how to handle this!! This is the context I put it:
work in a small startup with 7 other people
I have been brought on for a three month contract to assess the current product and make recommendations for product strategy, product roadmap, improved engineering and product processes with a view to rebuilding the platform with a new product and migrating existing vendors and borrowers across
There is one engineer and no-one else in the company has any product or technical experience
The engineer has worked on his own for 6 years on the product with no other engineering or product person
He does all coding, testing, development, devops tasks
He also helps with customer support enquires
He was not involved in the process of bringing me onboard and felt blindsided by my arrival
I have requested access to Github, and his response was:
As you can imagine access to the source code is pretty sensitive. Are you looking for something specifically? And do you plan on downloading the source code or sharing with anyone else?
He then advised they only pay for a single seat
I have spoken with the Chief Operations Officer who I report to in the contract and advised my business risk concerns around single point of failure
I have still not been granted access to Github so brought it up again today with the COO, who said he had requested 2 weeks ago
The COO then requested on Asana that the engineer add myself and himself as Github users
I received the following from the engineer:
Hey can you please send me your use cases for your access to GitHub? How exactly are you going to use your access to the source code?
My response:
Hey! My request isn’t about making changes to the codebase myself but ensuring that Steward isn’t reliant on a single person for access.
Here are the key reasons I need GitHub access:
1 Business Continuity & Risk Management – If anything happens to you (whether you’re on holiday, sick, or god forbid, get hit by a bus!!), we need someone else with access to ensure the platform remains operational. Right now, Steward has a single point of failure, which is a pretty big risk.
2 Product Oversight & Documentation – As Head of Product, I need visibility into the codebase to understand technical limitations, dependencies, and opportunities at a broad level. This DOESN'T mean I’ll be writing code, but I need to see how things are structured to better inform product decisions and prioritization.
3 Facilitating Future Hiring – If we bring in additional engineers or external contractors, we need a structured process for managing access. It shouldn't be on just one person to approve or manage this.
Super happy to discuss any concerns you have, but this is ultimately a business-level decision to ensure Steward isn’t putting itself at risk.
His response was:
1&3 Bridget has user management access for those reasons
2. no one told me you were Head of Product already, which isn’t surprising. But congrats! So will you be sharing the source code with other engineers for benchmarking?
The software engineer is an introvert and while not rude is helpful without volunteering inflation
He is also the single access for AWS, Sentry, Persona (which does our KYC checks).
I already had a conversation with him as I felt something was amiss in the first week. This was when he identified that he had been "blindsided" by my arrival, felt his code and work was being audited. I explained that it had been a really long process to get the contract (18 months), also that I have a rare mix of skills (agtech, fintech, product) that is unusually suited to Steward. I was not here to tell him what to do but to work with him, my role to setup the strategy and where we need to go with the product and why, and then work with him to come up with the best solution and he will build it. I stressed I am not an engineer and do not code.
I have raised some concerns with the COO and he seems to share some of the misgivings, I sense some personality differences, there seems like there are some undercurrents that were there before I started.
I have since messaged him with a gentler more collaborative approach:
Hey, I’ve been thinking about GitHub access and wanted to float an idea, would it make sense for us to do a working session where you just walk me through the repo first? That way, I can get a sense of the structure without us having to rush any access changes or security decisions right away. Then, we can figure out what makes sense together. What do you think?
I’m keen to understand your perspective a bit more, can we chat about it tomorrow when you're back online? Is 4pm your time still good? I know you’ve got a lot on, so happy to be flexible.
I think I’ve fucked it up, I’m paranoid the COO is going to think I’m stirring up trouble and I’m going to miss out on this job. How to be firm yet engage with someone that potentially I’ll have to work closely with(he’s a prickly, hard to engage Frenchie, who’s lived in Aus and the US for years).
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xettle-technologies · 6 months ago
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What Are the Costs Associated with Fintech Software Development?
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The fintech industry is experiencing exponential growth, driven by advancements in technology and increasing demand for innovative financial solutions. As organizations look to capitalize on this trend, understanding the costs associated with fintech software development becomes crucial. Developing robust and secure applications, especially for fintech payment solutions, requires significant investment in technology, expertise, and compliance measures. This article breaks down the key cost factors involved in fintech software development and how businesses can navigate these expenses effectively.
1. Development Team and Expertise
The development team is one of the most significant cost drivers in fintech software development. Hiring skilled professionals, such as software engineers, UI/UX designers, quality assurance specialists, and project managers, requires a substantial budget. The costs can vary depending on the team’s location, expertise, and experience level. For example:
In-house teams: Employing full-time staff provides better control but comes with recurring costs such as salaries, benefits, and training.
Outsourcing: Hiring external agencies or freelancers can reduce costs, especially if the development team is located in regions with lower labor costs.
2. Technology Stack
The choice of technology stack plays a significant role in the overall development cost. Building secure and scalable fintech payment solutions requires advanced tools, frameworks, and programming languages. Costs include:
Licenses and subscriptions: Some technologies require paid licenses or annual subscriptions.
Infrastructure: Cloud services, databases, and servers are essential for hosting and managing fintech applications.
Integration tools: APIs for payment processing, identity verification, and other functionalities often come with usage fees.
3. Security and Compliance
The fintech industry is heavily regulated, requiring adherence to strict security standards and legal compliance. Implementing these measures adds to the development cost but is essential to avoid potential fines and reputational damage. Key considerations include:
Data encryption: Robust encryption protocols like AES-256 to protect sensitive data.
Compliance certifications: Obtaining certifications such as PCI DSS, GDPR, and ISO/IEC 27001 can be costly but are mandatory for operating in many regions.
Security audits: Regular penetration testing and vulnerability assessments are necessary to ensure application security.
4. Customization and Features
The complexity of the application directly impacts the cost. Basic fintech solutions may have limited functionality, while advanced applications require more extensive development efforts. Common features that add to the cost include:
User authentication: Multi-factor authentication (MFA) and biometric verification.
Real-time processing: Handling high volumes of transactions with minimal latency.
Analytics and reporting: Providing users with detailed financial insights and dashboards.
Blockchain integration: Leveraging blockchain for enhanced security and transparency.
5. User Experience (UX) and Design
A seamless and intuitive user interface is critical for customer retention in the fintech industry. Investing in high-quality UI/UX design ensures that users can navigate the platform effortlessly. Costs in this category include:
Prototyping and wireframing.
Usability testing.
Responsive design for compatibility across devices.
6. Maintenance and Updates
Fintech applications require ongoing maintenance to remain secure and functional. Post-launch costs include:
Bug fixes and updates: Addressing issues and releasing new features.
Server costs: Maintaining and scaling infrastructure to accommodate user growth.
Monitoring tools: Real-time monitoring systems to track performance and security.
7. Marketing and Customer Acquisition
Once the fintech solution is developed, promoting it to the target audience incurs additional costs. Marketing strategies such as digital advertising, influencer partnerships, and content marketing require significant investment. Moreover, onboarding users and providing customer support also contribute to the total cost.
8. Geographic Factors
The cost of fintech software development varies significantly based on geographic factors. Development in North America and Western Europe tends to be more expensive compared to regions like Eastern Europe, South Asia, or Latin America. Businesses must weigh the trade-offs between cost savings and access to high-quality talent.
9. Partnering with Technology Providers
Collaborating with established technology providers can reduce development costs while ensuring top-notch quality. For instance, Xettle Technologies offers comprehensive fintech solutions, including secure APIs and compliance-ready tools, enabling businesses to streamline development processes and minimize risks. Partnering with such providers can save time and resources while enhancing the application's reliability.
Cost Estimates
While costs vary depending on the project's complexity, here are rough estimates:
Basic applications: $50,000 to $100,000.
Moderately complex solutions: $100,000 to $250,000.
Highly advanced platforms: $250,000 and above.
These figures include development, security measures, and initial marketing efforts but may rise with added features or broader scope.
Conclusion
Understanding the costs associated with fintech software development is vital for effective budgeting and project planning. From assembling a skilled team to ensuring compliance and security, each component contributes to the total investment. By leveraging advanced tools and partnering with experienced providers like Xettle Technologies, businesses can optimize costs while delivering high-quality fintech payment solutions. The investment, though significant, lays the foundation for long-term success in the competitive fintech industry.
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shinetechsoftware · 10 months ago
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Shinetech Software achieves Cyber Essentials Plus certification
Shinetech Software is proud to announce that it has achieved Cyber Essentials Plus certification proving its dedication to cyber security and protection from cyber-attacks. Cyber Essentials Plus is an official UK Government-backed, industry-supported certification scheme to help organisations demonstrate operational security against the ever-growing threat of cyber-attacks and a commitment to cyber security.
Assessed and verified through an independent external audit it requires compliance and rigorous testing of our business security controls and processes. The certification also acknowledges our strong security management ethos and procedural framework.
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Frank Zhang, UK Managing Director at Shinetech Software says “Achieving the Cyber Essentials Plus certification underscores our commitment to ensuring our cyber security is as strong as possible to protect our customers’ data. We take these responsibilities very seriously and this certification complements our existing ISO 27001 Information Security Management System certification.”.
Andy Landsberg, Cyber Security Manager at Frimley Health NHS Foundation Trust says “We have worked with Shinetech Software over many years and are pleased they have achieved the Cyber Essentials Plus certification in recognition of the controls they have in place and the work they undertake to maintain data security, illustrating their adherence to best practice guidelines.”.
Frimley Health, along with other key partners including Barts Health NHS Trust, Lewisham & Greenwich NHS Trust and Queen Mary University of London, collaborated with Shinetech Software on the industry award winning GDPR compliant Class Attendance Tracker QR (CATQR) digital solution for employers and educational institutions to monitor staff and student attendance in real-time.
Apple and Google recently approved the release of the new CATQR mobile app which is compliant with the latest Apple iOS and Google Android mobile app policy and security guidelines.
Shinetech Software is a Microsoft Gold Certified Partner and Gartner Cool Vendor with delivery centres in London, New York and Sydney supported by over 20 software engineering development centres throughout Asia.
Find out more about Shinetech Software bespoke software engineering services on https://www.shinetechsoftware.co.uk and watch the Frimley Health CATQR video on https://www.catqr.com or https://www.youtube.com/watch?v=ONq55EgAA5I
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teamarcstechnologies · 1 year ago
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Ensuring Data Security in Online Market Research while using AI to Collect Data
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In the realm of Online market research, the integration of Artificial Intelligence (AI) has revolutionized data collection processes, offering unparalleled efficiency and insights. However, alongside these advancements, ensuring robust data security measures is paramount to safeguarding sensitive information.
Encryption Protocols: Implementing robust encryption protocols is the first line of defense in protecting data integrity. Utilizing industry-standard encryption algorithms ensures that data remains encrypted both in transit and at rest, mitigating the risk of unauthorized access.
Access Controls: Implementing strict access controls ensures that only authorized personnel can access sensitive data. Role-based access controls (RBAC) limit access to data based on predefined roles and responsibilities, minimizing the potential for data breaches.
Anonymization and Pseudonymization: Employing techniques such as anonymization and pseudonymization reduces the risk of exposing personally identifiable information (PII). By replacing identifiable information with artificial identifiers, researchers can analyze data while preserving individual privacy.
Data Minimization: Adhering to the principle of data minimization involves collecting only the necessary data required for research purposes. By reducing the volume of sensitive information stored, organizations can minimize the potential impact of a data breach.
Secure Data Transmission: Utilizing secure communication channels, such as encrypted connections (e.g., SSL/TLS), ensures that data transmitted between clients and servers remains confidential. Secure socket layers provide end-to-end encryption, safeguarding against eavesdropping and tampering.
Regular Security Audits: Conducting regular security audits and assessments helps identify vulnerabilities and areas for improvement within existing security frameworks. By proactively addressing security gaps, organizations can enhance their resilience to potential threats.
Compliance with Regulations: Adhering to relevant data protection regulations such as GDPR, CCPA, and HIPAA ensures legal compliance and fosters trust among participants. Compliance frameworks outline specific requirements for data handling, storage, and processing, guiding organizations in implementing robust security measures.
Continuous Monitoring and Response: Implementing real-time monitoring systems allows organizations to detect and respond to security incidents promptly. Automated alerting mechanisms notify administrators of suspicious activities, enabling swift intervention to mitigate potential risks.
Employee Training and Awareness: Educating employees about data security best practices and the importance of safeguarding sensitive information is critical in maintaining a secure environment. Training programs raise awareness about common security threats and equip staff with the knowledge to identify and respond appropriately to potential risks.
Vendor Due Diligence: When outsourcing data collection or processing tasks to third-party vendors, conducting thorough due diligence is essential. Assessing vendor security practices and ensuring compliance with data protection standards mitigate the risk of data breaches arising from external sources.
By implementing these comprehensive strategies, organizations can uphold the integrity and confidentiality of data collected through AI-powered online market research. Prioritizing data security not only fosters trust with participants but also mitigates the risk of reputational damage and regulatory non-compliance.
Also read:
The Right Approach to Designing & Conducting Online Surveys
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makcity09 · 1 year ago
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MacBook Pro A1989 13" Repair Service #Nehru Place
Conquering MacBook Pro A1989 13" Display Anomalies with Expertise:~~
Our seasoned technicians understand the intricate dynamics of the A1989 13" display, and their expertise is at the forefront of our solution. Whether the flickering is a result of cable wear, hinge stress, or internal friction, our approach goes beyond the surface, addressing the root causes with finesse. We prioritize clarity, precision, and a commitment to delivering a flicker-free display that meets the standards of your MacBook Pro.
By choosing our MacBook Pro A1989 13" Flickering Solution, you're not just opting for a fix; you're embracing a journey led by expertise. Our comprehensive strategies encompass cable inspections, hinge adjustments, and targeted solutions, ensuring a holistic resolution to the anomalies affecting your MacBook Pro display.
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Factors Contributing to MacBook Pro A1989 Screen Flickers:~~
The MacBook Pro A1989 is a powerhouse, but users occasionally encounter screen flickering issues that can be both frustrating and disruptive.
Flex Cable Wear: Wear or damage to these cables may lead to intermittent connections, causing screen flickering.
Hinge Stress: Hinge stress may increase friction on flex cables, contributing to flickering issues.
Internal Friction: Microscopic damage from internal friction can disrupt stable display connections, leading to flickering.
Overheating: Overheating may lead to malfunctions in electronic components, including those related to display functionality.
Software Issues: Software-related problems may cause intermittent display anomalies, contributing to flickering.
Graphics Card Malfunction: Malfunctions in the GPU may result in visual artifacts, including flickering on the screen.
Incompatible Software or Drivers: Incompatibility issues may lead to flickering as the system struggles to render graphics correctly.
Interference from External Devices: Electromagnetic interference can disrupt the display signal, leading to flickering.
Display Settings and Calibration: Adjustments to brightness, contrast, or color settings might affect display stability.
Hardware Failures: Damaged hardware components may result in flickering and other display issues.
How Our Company Pinpoints Flickering in MacBook Pro A1989 13" Displays:~~
Comprehensive Diagnostics: We commence our process with a comprehensive diagnostic assessment, utilizing cutting-edge tools and software to analyze the display's performance. This step involves a thorough examination of both hardware and software components.
Flex Cable Inspection: One of the primary contributors to flickering is often wear or damage to flex cables. Our experts meticulously inspect these delicate cables, identifying any signs of wear, tears, or compromised connections that may be causing flickering.
Hinge Stress Analysis: Frequent opening and closing of MacBook Pro laptops can cause stress on hinges, potentially affecting the display. We assess the hinge mechanism for any irregularities and make adjustments to minimize stress on flex cables.
Temperature and Overheating Check: Overheating can impact internal components, including those related to the display. Our diagnostics include monitoring temperature levels and ensuring proper cooling mechanisms to prevent overheating-related flickering.
Software and Driver Audits: Software glitches or outdated drivers can contribute to display anomalies. Our team conducts thorough audits of the operating system, display drivers, and related software to identify and rectify any issues causing flickering.
External Interference Analysis: External devices or accessories can introduce electromagnetic interference, affecting the display. We assess the environment and connected peripherals to minimize interference and enhance display stability.
Graphics Card Evaluation: Issues with the graphics processing unit (GPU) can lead to flickering. Our experts scrutinize the GPU's performance, ensuring it functions optimally and addressing any malfunctions that may be contributing to the flickering.
Display Calibration and Settings Adjustment: Incorrect display settings or calibration can cause visual anomalies. We meticulously adjust brightness, contrast, and color settings to optimize the display experience and eliminate flickering.
Documentation and Reporting: Throughout the diagnostic process, our team maintains detailed documentation. This includes findings, identified issues, and the steps taken for resolution. This documentation serves as a reference for transparency and future troubleshooting if needed.
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1auditmanagementsoftware · 3 months ago
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Audit Management Software
Upgrade Your Audit Processes with 1Audit - Your Ultimate External Audit Management Software Solution! Our cutting-edge audit management system simplifies complex auditing tasks, streamlining your workflow for efficiency and accuracy. With 1Audit, experience seamless integration, real-time collaboration, and comprehensive reporting capabilities, ensuring compliance with regulatory standards effortlessly. From risk assessment to audit planning and execution, our software provides the tools you need to conduct audits with precision and confidence. Embrace the future of audit management with 1Audit.Elevate your auditing experience with 1Audit - the ultimate audit management solution.
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1audit · 1 year ago
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Cloud Based Audit Software
Explore seamless external audit solutions with 1Audit, your go-to brand for cloud-based audit software. Elevate your audit program with cutting-edge features, including audit workflow management and adherence to international audit standards. Simplify external audit processes with their advanced audit management system. Trust 1Audit for efficient and quality audit reviews.
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f-acto · 8 hours ago
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How does ISO 27001 Certification in Uganda benefit businesses?
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What is ISO 27001 Certification? 
ISO 27001 Certification in Uganda ISO/IEC 27001:2013 is an international recognised internationally recognised standard that defines the specifications for the development of an Information Security Management System (ISMS). It helps companies identify risks and take security measures to safeguard personal data from internal threats and external threats. If it becomes ISO 27001 certified, the company demonstrates its commitment to protecting security, integrity, confidentiality, and accessibility. 
Why is ISO 27001 Certification Important in Uganda? 
Amid Uganda’s rapid economic expansion on the Internet and through cloud-based technology, as well as government initiatives that rely on electronic governance, the security of information is essential for both the public and private sectors. Additionally, the privacy law for the protection of personal data in Uganda, as outlined in the Privacy Law (2019), is extremely stringent in the handling of personal information. 
ISO 27001 Certification in Uganda helps ensure that you follow the privacy guidelines of your organisation to protect your data. 
Build trust with your clients as well as your investors 
Lowering the threat of cyberattacks and security breaches.
Key Benefits of ISO 27001 Certification for Ugandan Businesses 
1. Ensuring individual data: ISO 27001 certification in Uganda makes a difference for companies in Uganda to be mindful of the dangers they confront and to take security measures to ensure themselves from 
Customer data 
Financial records 
Business operations 
Intellectual property is essential for firms such as fintech, telecom, IT, banking, and other companies that rely on the security of their data. 
2. It ensures conformity to Ugandan Laws: The Ugandan Data Protection Act (2019) requires businesses to safeguard personal data. ISO 27001 Certification in Uganda helps businesses comply with the law by implementing one or more of the following methods: 
Implementing security policies and controlling access. 
Audit trails must be maintained. 
It helps companies avoid legal issues and fines while retaining a solid compliance record. 
3. Boosts Customer and Stakeholder Trust: Investors, clients, and partners tend to work with companies that demonstrate a commitment to security. ISO 27001: 
Creates brand trust 
Improve stakeholder confidence.
The company opens the door to contracts with higher value and collaborations 
4. Decreases the Chance of Cyberattacks and Information Breaches: Security dangers for cybersecurity in Uganda are expanding, especially in connection to mobile banking, as well as cloud-based arrangements like e-commerce. ISO 27001: 
Strengthens risk management 
Reduces the risk of reputational and financial loss 
It ensures continuity of business even in the event of an emergency. 
5. Enhances Operational Efficiency: In streamlining the process and labelling roles ISO 27001: 
Reduces human errors 
Improves documentation practices 
Encourages an accountable culture and promotes accountability across all departments. 
6. Gives You a Competitive Edge: In Uganda’s highly competitive business environment, ISO 27001 Certification is a must. 
It differentiates your company from uncertified competitors. 
Increases the chances of winning contracts and tenders 
Facilitates the acquisition of international clients that require security conformity 
7. Facilitates International Expansion: ISO 27001 is a globally recognised standard. The certification enables Ugandan firms to: 
Explore new markets 
Meet the requirements of international partners 
Meet the GDPR and other global frameworks for data protection
Who Should Get ISO 27001 Certified in Uganda? 
ISO 27001 is ideal for any company that handles sensitive data, such as those in the financial sector. 
Companies involved in software and information technology development
Financial institutions and banks 
Operators of telecoms and service providers 
Insurance and healthcare providers, as well as companies 
Departments of the government and public agencies 
NGOs managing donor or beneficiary information. Educational institutions that have online systems
Steps to Get ISO 27001 Certification in Uganda 
1. Gap Analysis: Identify areas of inconsistency between current procedures and ISO 27001 requirements. 
2. The Strategy: Determine your security objectives and create an action plan to implement them. 
3. ISMS Development: Create policies, including inventory registers of assets, risk assessments, and more. 
4. Implementation: Establish controls and provide employee education. 
5. Internal Audit: Review your performance and address any identified issues. 
  6. The Management Review: Is the time when upper management reviews the system.
7. External audit and certification: Third-party entities are responsible for examining and certifying the POFSS. 
8. Constant improvement: To enhance and enhance the ISMS all the time.
Why Factocert for ISO 27001 Certification in Uganda
We provide the best ISO 27001 Certification in Uganda who are knowledgeable and provide the best solutions. Kindly contact us at [email protected]. ISO 27001 Certification consultants in Uganda and ISO 27001 auditors in Uganda work according to ISO standards and help organizations implement ISO 27001 certification consultants in Uganda with proper documentation.
For more information, visit ISO 27001 Certification in Uganda.
Related Link:
ISO Certification in Uganda
ISO 9001 Certification in Uganda
ISO 14001 Certification in Uganda
ISO 45001 Certification in Uganda
ISO 13485 Certification in Uganda
ISO 27001 Certification in Uganda
ISO 22000 Certification in Uganda
CE Mark Certification in Uganda
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sganalytics · 14 hours ago
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APIs, Automation, and Entity Integrity: The Future of Legal Entity Data
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In the modern data-driven economy, the availability, quality, and integrity of legal entity data are essential for effective business strategies, compliance, and operational efficiency. Organizations are dealing with more complicated global compliance requirements, intricate organization entity structures, and the need for immediate data availability. To keep up with these demands, businesses are adopting a mix of automation, APIs, and entity integrity in order to improve their data governance and management processes.
The Challenge of Managing Legal Entity Data
Legal entity data includes crucial details like entity titles, registration IDs, jurisdictions, ownership structures, and activity updates. This information supports multiple important activities, including KYC, AML (Anti Money Laundering) processes, accounting, acquisitions, and supply chain risks.
Despite its importance, legal entity data faces issues including duplication, inconsistency, outdated records, and data silos. These issues can cause compliance breaches, reputational damage, and poor business decisions. With the General Data Protection Regulation (GDPR), the U.S. Corporate Transparency Act, and newer rules regarding AML, organizations cannot continue to depend on manual workflows or legacy systems to maintain and manage legal entity data. Automation, APIs, and entity integration help solve these matters.
APIs: Enabling Real-Time Data Integration
APIs are transforming the methods through which businesses seek, share, and integrate legal entity information. They create a safe environment for interaction between different software systems, allowing real-time communication. This allows organizations to fetch the latest legal entity information from authoritative government registries, financial institutions, or third-party data providers.
Also, APIs can enhance internal datasets by adding external data, as for example ownership structures, beneficial ownership details, or even sanctions list screening data. This helps in creating a more complete and accurate entity profile, which aids risk assessment and due diligence processes.
Automation: Reducing Manual Work and Increasing Scale
The use of automation improves APIs by providing workflows that are scalable, repeatable, and less prone to human error. Now, hours spent by legal, compliance, and operations teams checking entity data or preparing reports can be done with one click. Automated processes can monitor data streams, identify errors, and take corrective action in real time.
For example, robotic process automation (RPA) tools can streamline rule-based tasks such as updating corporate registries, matching entity records, or creating audit trails. Combining automation with machine learning enables the system to improve by learning from past oversight.
Automation improves business agility, making it easier for companies to adapt to changes such as new regulations, mergers, or expansion to other regions. These changes can be implemented faster because workflows can be scaled or reconfigured without the need to redesign an entire system.
Entity Integrity: The Foundation of Trustworthy Data
To maintain entity integrity at scale, businesses are increasingly adopting entity management software that integrates and manages all legal entity data on a single, centralized system. Such tools enable businesses to standardize entity records, assign and track unique identifiers, and implement validation rules at departmental and geographic levels. When paired with automation and API capabilities, these systems guarantee that every piece of entity data, regardless of internal or external sourcing, meets the highest standards of accuracy and consistency. This level of control enhances compliance and also optimizes the legal, finance, and governance functions of the organization
By maintaining entity integrity, businesses reduce the risks that arise from poor data quality, such as financial inaccuracies, compliance breaches, and operational inefficiencies. Also, such data helps organizations enhance decision-making, improve onboarding experiences, and enable advanced analytics.
A Unified Vision for the Future
The future of legal entity data is within an ecosystem where connectivity (through APIs), efficiency (through automation), and reliability (entity integrity) exist. Together, these pillars support a data strategy that is real-time, scalable, and audit-ready. This is exactly what modern businesses and regulators demand.
Forward-thinking companies are working with partners providing product development services to custom build platforms, focusing on their entity data needs. From developing compliance systems with APIs to incorporating AI-driven entity resolution powers, these provided services allow for the creation of adaptable solutions.
Conclusion
With legal entity data becoming more essential for businessess, it is clear that companies need to update their data management strategies. APIs enable businesses to access and share data in real time, automation streamlines repetitive work, and a promise to maintain entity integrity builds a solid basis of trust.
These three parts working together will transform legal entity data management, promote innovation, improve compliance, and facilitate informed decisions. The strategic advantage goes to the organization that treats legal entity data as a critical component for intelligent decisions.
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impresolutions · 2 days ago
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Enhancing Workplace Safety with Expert Consulting Services
The Growing Need for Workplace Safety Solutions
In today’s fast-evolving industrial landscape, safety is no longer a checkbox—it’s a critical pillar of operational excellence. With industries embracing automation, robotics, and high-risk environments, ensuring the well-being of workers and assets has never been more vital. That’s where professional Industry Safety Consultants come into play. These experts offer strategic advice, audits, and practical solutions that not only reduce risks but also boost efficiency and regulatory compliance.
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Who Are Industry Safety Consultants?
Industry Safety Consultants specialize in identifying, managing, and mitigating workplace hazards. They evaluate operational processes, analyze risk exposure, and recommend preventative measures. Whether it’s manufacturing, energy, construction, or logistics, these consultants tailor their strategies to each industry's unique challenges.
They are typically certified professionals with backgrounds in occupational health and safety, engineering, or industrial operations. Their goal is to embed a culture of safety throughout the workplace—from senior management to on-ground technicians.
What System Safety Consultants Bring to the Table
While general safety advisors focus on overall occupational risks, System Safety Consultants take a more integrated, engineering-focused approach. These specialists assess the safety of complex systems, especially those involving automation, software, or high-risk machinery.
By performing hazard analyses like HAZOP (Hazard and Operability Study), FMEA (Failure Modes and Effects Analysis), and fault tree analysis, System Safety Consultants ensure that the design and operation of technical systems comply with safety regulations and standards. Their work often supports industries like aerospace, rail, automotive, defense, and energy.
In essence, they bridge the gap between technical design and real-world safety applications, ensuring that safety is engineered into the system from the ground up—not just bolted on after production.
Why Safety Consulting is a Strategic Investment
Investing in safety consulting isn’t just about ticking off regulatory boxes—it’s a smart business move. Workplace incidents can result in hefty fines, lawsuits, and severe reputational damage. More importantly, they can cost lives.
By bringing in external safety consultants, organizations can:
Gain fresh perspectives on hidden risks
Train staff in safety best practices
Implement tailored safety systems and documentation
Stay ahead of evolving safety legislation and standards
Reduce downtime due to incidents and audits
Organizations that prioritize safety through expert consultation often see improvements in employee morale, productivity, and overall operational performance.
Real-World Impact: Case Studies in Safety Consulting
Imagine a large-scale construction company that frequently operates heavy machinery. With guidance from Industry Safety Consultants, they revamp their hazard reporting system and conduct regular safety drills. Within months, accident rates drop by over 40%.
In another scenario, a defense technology firm brings in System Safety Consultants to review their autonomous weapon systems. The consultants identify software vulnerabilities and recommend failsafe protocols, significantly reducing the risk of accidental deployment.
These examples underscore how tailored consultancy services can make a real difference—not just in meeting compliance, but in saving lives and improving efficiency.
The Future of Safety: Data-Driven and Proactive
The role of safety consultants is rapidly evolving with the rise of digital technologies. Predictive analytics, wearable safety tech, real-time monitoring, and AI-driven diagnostics are becoming the norm. Consultants are no longer just compliance officers—they’re strategic advisors who help companies leverage tech to anticipate and prevent incidents before they occur.
Whether it’s monitoring workers’ biometric data or using drones for remote safety inspections, consultants are enabling safer, smarter workplaces. This trend is especially crucial as industries grow more complex and interconnected.
Conclusion: Choosing the Right Partner in Safety
If your organization aims to strengthen its safety culture, it’s essential to collaborate with professionals who bring deep industry knowledge and technical expertise. From identifying systemic risks to implementing real-time safety systems, the right consultants can transform your approach to workplace well-being. For those looking to elevate their safety standards, impresssolutions.com.au offers expert guidance in both Industry Safety Consultants and System Safety Consultants services—making safety not just a requirement, but a competitive advantage.
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