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94% of enterprises are overspending in the cloud: report

CIO

A vast majority of enterprises globally are overspending in the cloud, according to a new HashiCorp-Forrester report. The report showed that a majority of enterprises surveyed were already using multicloud infrastructures. Further, the report said that 90% of respondents claimed a multicloud strategy is working for their enterprises.

Report 312
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The Importance of Security and Compliance in Enterprise Applications

OTS Solutions

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.

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anecdotes, a compliance operating system platform, secures $25M Series A

TechCrunch

According to a Gartner’s report , about 75% of compliance leaders say they still lack the confidence to effectively run and report on program outcomes despite the added scrutiny on data privacy and protection and newly added regulations over the last several years. Image Credits: anecdotes.

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Dubai-based accounting and financial compliance startup, Wafeq, raises $3M

TechCrunch

This inspired him to launch Wafeq in 2019, a startup that initially offered accounting services and later, in 2021, launched a scalable accounting and e-invoicing SaaS solution focused on clients in UAE and Saudi Arabia. Wafeq says its powering accounting and financial compliance for SMEs.

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5 ways GenAI is transforming financial planning for banks

CIO

This includes leveraging AI to significantly enhance financial planning and analysis (FP&A) processes by automating routine tasks such as accounts payable, journal entries, data gathering, and reporting. This capability enhances the generation of reports, explanation of variances, and provision of recommendations almost in real-time.

Banking 162
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New regulation intensifies focus on IT risk management and operational resilience

CIO

To achieve compliance, financial institutions must implement robust controls, submit detailed reports, conduct regular penetration tests, and establish effective third-party risk management strategies, all while adhering to data privacy regulations and other requirements.

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The Importance of Security and Compliance in Enterprise Applications

OTS Solutions

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.