Knowledge Centre

Banks Beware: Income Tax Refund Fraud

Although the IRS has implemented limits on direct deposits of tax refunds, income tax fraud continues, so you may see multiple refunds in the form of ACH transactions or paper checks to your customers’ accounts. Multiple tax deposits may be a red flag for tax fraud.

attract-retain-engineers.pdf

AAM-Curriculum003.pdf

Tis the Season to Invest in Communities

All banks have pride in their community and want to invest in the communities they serve to promote stability, growth, progress, investment and safety. The question is, how can banks best help the communities where the need is greatest while safeguarding their investments in the more impoverished areas served by the bank?

Gramm-Leach-Bliley/SOX Compliance

The client selected Experis Infrastructure and Data Solutions (IDS) practice because of its extensive knowledge of regulatory mandates and remediation processes. A critical element of SOX requires the certification of user access to systems that access the company’s financial data. In conjunction with the client, the IDS team worked to develop, deploy and implement the attestation for user access to systems where fi nancial data resided. IDS worked to identify all individuals with access to financial data, confirmed they were authorized to do so and helped to ensure correct configuration for access.

Assessment and Strategy Efforts Fortune 500 Pharmeaceutical Distribution Company

Our client, a $50 billion dollar pharmaceutical distribution company, was in a state of extreme transition caused by regulatory changes to their global marketplace and a recent merger with a former competitor. Their IT department was challenged with supporting and prioritizing the needs of a merged company whose segments each had their own objectives, operating applications and business leaders. The merger had also necessitated the relocation of a major portion of IT’s function across the country.

A Global Kitchen Bath Products Manufacturer

When a global manufacturer won several contracts, they needed a significant number of experienced Mechanical, Electrical and Design Engineers to meet deadlines.

Data Warehousing and BI Reporting Energy Production, Marketing, and Trading

The client, an owner and manager of physical power generation plants, provides energy marketing, energy trading products, and services throughout the United States and Canada. In this extremely complex, dynamic industry, plant operations and trading positions must be continually managed to maximize profitability and mitigate risks. Accurate, timely information is critical to the company’s success and profits.

Business Analytics and SAS Practice: Major Financial Institution

A major financial institution knew that a better understanding of customer segments, behaviors, and needs was crucial to staying competitive. Realizing that they lacked the bandwidth to analyze their customer banking data internally and within a reasonable timeframe, they began a search for a business analytics firm partner.

Community Support Forum for Major Communcations Company

Financial Services and Shadow IT Fortune 500 Financial Company

A large Fortune 500 financial services company, had a data integration environment consisting of highly decentralized stores of information spread throughout the organization, developed over many years without a driving corporate information strategy. The problems originated when various individuals and business units began to build and deploy their own IT solutions, without leadership from the formal IT group.

Global Print Solutions Company

Challenge: The company had no automated mechanism for tracking the complex, non-standardized contracts or monthly invoice processes that incorporated the devices’ per-click or per-page billing.

High Performance Automotive Engineering Company

An internationally-renowned high performance automotive engineering company needed high performance engineering talent.

Industry Leading Web-Based Clinical Informatics University HealthSystem Consortium

The University HealthSystem Consortium (UHC) – an alliance of more than 100 academic medical centers and more than 200 of their affiliated hospitals – represents nearly 90% of the nation’s nonprofit academic medical centers. UHC’s mission is to advance knowledge, foster collaboration, and promote change to help consortium member organizations succeed in their respective markets. These member organizations receive access to many performance improvement products and services.

Leading Biotechnology Company

A leading global Biotechnology company was implementing a multi-product SAP implementation including mySAP 2005 ECC 5.0 and BI in a two phased effort beginning with Global HR and core SAP (Financials, Logistics, etc.). A second and more complex Manufacturing functionality phase followed introducing updated versions of Supply Chain for its North American operations.

Outsource Imaging Solution: Large Global IT Company

Experis was engaged by the world’s largest IT Company whose revenue recently totaled over $100 billion. In partnership with the IT company, Experis provided document capture (scan and index) support at approximately 39 correctional and rehabilitation facilities for one of the country’s largest states. The multi-year, multi-million dollar effort automated and streamlined offender non-digital data management systems.

Risk Management Data Warehousing & BI

Our client, one of the largest banks in America, engaged Experis in a multi-phased, multi-pronged risk management data warehousing and BI initiative. This effort was focused on three key areas: Commercial Credit Modeling, Asset Quality Reporting and Anti-Money Laundering.

School of Veterinary Medicine Purdue University

The Purdue University School of Veterinary Medicine (SVM) prides itself in its teaching and research capabilities, as well as the extensive learning resources it makes available to its students, faculty and staff. Its mission is to develop, implement and disseminate innovative approaches to veterinary and biomedical education.

Top Wireless Giant

As one of the most highly regarded telecommunication organizations in the world, this client has multiple testing departments within its organization that supply quality control expertise for its billing and customer care application development and testing. These applications provide maximum customer service levels that are vital to day-to-day business operations.

Website Localization with Financial Services Company

World’s Leading SAP Solutions Provider

The world’s leading provider of SAP consulting solutions had a number of projects both ongoing and planned with one of the world’s leading telecommunications companies. This telecommunications client was positioned to embark upon a very strategic, complicated, and high-profi le SAP BW 3.5 to SAP BI 7.0 upgrade project. Based on the strong level of trust, partnered approach, and proven SAP experience Experis was selected to drive the BI upgrade from a project management perspective as well as provide highly skilled SAP resources.

Solution Profile: SAP Practice

Experis IT enables companies to capitalize on business opportunities with greater efficiency and effectiveness.

Risk Advisory Service Offerings

With the right integrated approach, one that incorporates both business and technology needs, risk can be viewed as a strategic opportunity to drive performance, enhance bottom-line results and create sustainable value.

ORSA Enterpise Risk Management

Experis helps large insurers comply with Own Risk and Solvency Assessment (ORSA) Model Act through enterprise risk management.

EXP_ERP_SP_SAP_TrainingServices.pdf

Experis IT’s SAP training services provide comprehensive,meaningful, flexible and practical training consulting services.

Enterprise Resource Planning: SAP Development Capabilities

SAP implementations often require client-specifi c application development and customization. Whether a project is enhancement driven, interface related, data conversion or a customized “bolt-on,” ExperisTM IT’s experienced SAP technical consultants are here to assist you. Our highly-trained developers possess a broad range of SAP programming skill sets, with the majority having over fi ve years of onsite client engagement experience.

Land Mines: The Compliance Side of M&A

According to recent industry reports and analyses, merger and acquisition activity in the financial sector is on pace to match or exceed numbers posted since 2014. And while the accountants and Boards weigh the financial factors to determine the most beneficial moves for stockholders, industry best practices dictate one more consideration: compliance risk in acquisition targets. Whether an institution plans to acquire an entire organization or a portion of a loan portfolio or something in between, compliance risk is no small factor.

What We're Learning from Fifth Pillar Implementation

On May 11, 2016, FinCEN issued the Customer Due Diligence (CDD) Requirements for Financial Institutions under the Bank Secrecy Act. This update addresses some common challenges relating to implementation and strategies for managing them.

#GigResponsibly: The Rise of NextGen Work

Today a growing number of people are opting for alternative models over traditional, full-time, permanent roles

Fair and Responsible Lending: Managing the Risk of Consumer Harm

Banking regulatory agencies, applying rules and regulations according to CFPB oversight, have aligned their expectations for compliance with one another and with the rules. Simple enough: read the rules, develop processes and controls to manage compliance with the rules, test those processes and controls, and adjust as necessary. Section 1002(13) of the Dodd-Frank Act prescribes “fair, equitable, and non-discriminatory access to credit for consumers,” but does not define “responsible lending.” And what about unwritten rules? The agencies have spent a good deal of time and energy on assessing whether the institutions they supervise offer and service credit products in a fair and responsible manner, even as they acknowledge prescriptions and prohibitions under federal regulations do not always neatly align with supervisory expectations.

Compliance Risk Management: Adding Value through Compliance Audit

With the recent shift in regulatory supervision toward a focus on the risk of consumer harm in banking practices in addition to numerous regulatory changes on the horizon, financial services organizations are seeking value in controls and processes across the three lines of defense. Most especially, compliance internal audit has become one function management and directors are demanding to see greater value.

The Fifth Pillar of an Anti-Money Laundering

On May 11, 2016 the Department of Treasury Financial Crimes Enforcement Network issued the Customer Due Diligence (CDD) Requirements for Financial Institutions under the Bank Secrecy Act. This final rule is intended to strengthen and clarify CDD requirements as well as, add a new requirement to identify and verify the beneficial owners of legal entity customers, subject to certain exclusions and exemptions. Covered Financial Institutions, as defined below, must comply with this rule by May 11, 2018.

The Skills Revolution: Digitization and why skills and talent matter

We are seeing the emergence of a Skills Revolution — where helping people upskill and adapt to a fast-changing world of work will be the defining challenge of our time.

2017 Engineering Whitepaper

2017 Engineering Whitepaper

Navigating the Revised Mortgage Servicing Rules

On November 30, 2016, the CFPB published revisions to its Mortgage Servicing Compliance Guide reflecting final rules adopted in August. Requirements relating to periodic statements for borrowers in bankruptcy and provisions related to successors in interest are effective April 19, 2018; the remainder of the requirements and provisions are effective October 19, 2017.

FCPA Update: Trends in Global Anti-Corruption Enforcement

Despite vigorous efforts by regulators in the United States and Europe to punish bribery, .it still plagues many parts of the world

Auditing Corporate Culture and Managing Ethics Risk

In September, 2016, the Consumer Financial Protection Bureau imposed a multi-million dollar fine against a U.S. financial institution for sales practices that led to the creation of thousands of fictitious accounts. The actual financial impact of these accounts to consumers is estimated to reach millions of dollars.

Meeting the Challenges of the Military Lending Act

On August 26, 2016 the U.S. Department of Defense issued an interpretive rule on the Military Lending Act (MLA), which becomes effective October 3, 2016. The interpretive rule addresses common industry questions regarding implementation challenges, and clarifies expectations regarding technical compliance and covered products, services and persons.

The Why and How of Auditing Corporate Culture

Companies - and regulators - are paying more attention to getting culture right, including conducting assessments of its efficacy.

Guidance on Customer Information Program Requirements for Issuers of Prepaid Cards

On March 21, 2016, an interagency guidance was issued on applying Customer Information Program (CIP) requirements to issuers of prepaid cards. This guidance is aimed at issuing banks as it relates to the CIP rules of Section 326 of the USA PATRIOT Act for certain “open-loop” prepaid cards. Examples of “open-loop” cards include cards used by employers to provide wages and pre-tax flexible spending for healthcare expenses.

Liquidity Risk Management - Latest Trends and Challenges

Recent market events have increased the level of regulatory scrutiny over liquidity risk management. As a result, many financial institutions are working diligently to further improve their processes and internal controls. Deficiencies cited by banks include: insufficient holdings of liquid assets, funding risky or illiquid asset portfolios with potentially volatile short-term liabilities, lack of meaningful cash flow projections, adequacy of the liquidity contingency plan, data quality issues, integrated technology platforms and reporting capabilities.

OCC Issues Fiscal 2016 Operating Plan

The OCC is continuing its efforts to enhance the safety and soundness of the banking system. Understanding the agency's expectations and being prepared for an examination is in the best interests of all banking organizations.

IIA Financial Services Focus Areas

The IIA’s Financial Services Exchange – A Summary of Key Focus Areas for Internal Audit and Key Risk Areas for Management

CFPB Examination Preparedness

In this issue, we provide information on the CFPB's increased focus in the most recent regulatory exam cycle on practices related to overdrafts, lending, and consumer protection.

Regulatory Hot Topics for OFAC and BSA

Recent changes to Cuban sanctions and the legalization of marijuana for recreational and/or medical use in several states requires financial institutions to update risk assessments, enhance due diligence programs, and adjust suspicious activity monitoring and reporting to mitigate the risk of penalties.

May 2015 Financial Institution Compliance Update

UDAAP continues to be an area of focus for regulators. Because the UDAAP provisions of the Dodd-Frank Act are so vague and provide loose definitions for key terms such as “unfair,” “deceptive,” and “abusive”, regulators are able to link alleged UDAAP violations to other consumer financial services laws. The following sections provide additional information on operational areas cited in recent UDAAP violations, penalties assessed and recommendations to protect your organization.

March 2015 Financial Institution Compliance Update

Transaction Monitoring: How to effectively detect suspicious activity through model validation.

Focus on Engineering 2015 Report

To understand more deeply the extent to which employers are having difficulty finding the engineering talent they need, why this is the case, and what engineers are seeking in their careers, Experis, a ManpowerGroup company, conducted a survey in the first quarter of 2015 of both engineers and employers who hire engineering talent.

IFRS 9: Implementing the New Impairment Standard for Foreign Financial Institutions

Gain insights about International Financial Reporting Standard 9 – Financial Instruments (the “Standard”), issued by the International Accounting Standards Board (IASB) in July 2015. Learn how it may impact your organization and what important steps you can take to prepare for the implementation.

Financial Institution Compliance Update

September 9, 2014 - Issue highlights: Stress Testing Capital: Requirements for financial firms.

Financial Institution Compliance Update

October 8, 2014 - Mortgage Operations: Linking compliance and operations, key to an efficient mortgage business.

Auditing Strategic Risks: Turning Risk into Opportunity

To remain relevant beyond an ongoing assurance function, internal audit departments that transform their focus more heavily toward value creation as opposed to risk aversion will be viewed by their executive counterparts as equal contributors in the business, rather than a necessary corporate governance function that is a “cost of doing business.”

Delaware “New” VDA Program: Enrollment Window Closing

Experis Finance wants to make you aware that the enrollment window is closing on the unclaimed property “new” Voluntary Disclosure Program (“VDA Program”) that the Delaware Secretary of State (not the Department of Finance) launched. The VDA Program offers specific incentives and a window of opportunity for companies holding unclaimed property (“Holders”) owed to another (apparent “Owner”) to come forward to report unclaimed property liabilities on the Holder’s books and records in order to comply with Delaware’s Abandoned Property Law.

FASB Accounting Standards Update

On January 16, 2014, FASB issued ASU 2014-02 describing a simplified, alternative approach for eligible private companies to account for goodwill.

Financial Institution Compliance Update

June 4, 2014 - Issue highlights: CFPB Guidance: Make consumer protection a priority and avoid costly risks...

FATCA Checklist for Multinational Companies

On July 1st 2014 the Foreign Account Tax Compliance Act (FATCA) will go into effect, requiring a 30% U.S. withholding on certain U.S. source income unless an entity complies with FATCA or is exempt. This checklist provides an overview of how some of the steps multinational companies should consider in order to become FATCA compliant.

COSO 2013: What Has Changed & Steps to Take to Ensure Compliance

COSO 2013: What Has Changed & Steps to Take to Ensure Compliance

Solution Profile - SAP Project Management Services.pdf

Financial Institution Compliance Update

February 4, 2014 - Issue highlights: CFPB Revises Mortgage Examination Manual...

Financial Institution Compliance Update

December 10, 2013 - Issue highlights: Unfair, Deceptive, or Abusive Acts or Practices: A Regulation with Many Facets...

EXP_Accenture_Staffing_Solutions.pdf

EXP_B2BRecruiting.pdf

ExpTopStories_FINAL_PRINT_22.pdf

Convergence: Preparing for the Latest Financial Reporting Changes

While the joint board meetings for convergence are coming to an end, companies should prepare for the new standards and how to implement them to ensure a smooth deployment of the new standards.

Project Management Issues in the Finance Transformation Arena

A key challenge facing businesses in achieving successful project delivery is this: mastering the multi-faceted collaborations necessary to successfully execute the project components seamlessly - and doing this as a natural extension of the business rather than as separate, alien and conflicting activity.

ISSA Journal: Cloud Computing Risks

Cloud computing risks still include data privacy, availability, service provisioning, malicious attack, and regulatory compliance. Mitigating the risks, now more than ever before, requires a mature vendor management program in which cloud service providers are tasked contractually with guaranteeing the information security requirements of their customers.

Replacing Legacy Systems in Healthcare

Today, many hospitals with legacy integration products are seeking to replace their aging “interface engines” with less expensive, more robust “integration platforms.”

Medical Device Clinical Trials: What We Should Know

The medical device industry comprises a major sector of the overall healthcare industry, representing a more than $100 billion industry in the U.S. in 2008, roughly 42 percent of the world’s total. While device companies are relatively small compared to pharmaceutical companies, research in this area is growing on its own and is increasingly essential in pharmaceutical research, as well. In this paper, differences between the medical device industry and the pharmaceutical industry will be outlined, and ways of handling clinical trials and the corresponding statistical analysis of medical device data will be discussed.

Best Practices for Implementing a BI Strategy with SAS

Implementing a Business Intelligence strategy can be a daunting and challenging task. SAS has introduced many concepts to us by bringing a comprehensive BI solution to the market.

Knowledge Retention and Transfer in the World of Work

For hiring managers who expect little to no voluntary turnover in their workforce, the months ahead may come as a shock. Companies are already turning their attention to hiring; competitors may easily lure key employees away as business improves and workforce mobility intensifies. With seasoned employees preparing to exit and new hires coming in the door, now is the time for companies to cultivate one of their most distinctive assets. A proactive knowledge retention and transfer strategy will ensure that the investments made now in hiring and training are not lost over the long term.

Realizing Value Quickly from a Newly Installed SAS EBI Platform

Getting a new SAS Enterprise Business Intelligence (EBI) Platform up and running is an exciting time for a company. The promises heard during the sales cycle and project demonstrations need to become actionable processes by the administrators, power users and information consumers once the installation is complete. The reality is that this can only happen with careful planning and preparation before, during and after the SAS platform installation process.

Utilizing the SAS Business Intelligence Platform in a Clinical Trial Environment

This paper is intended to present an alternative to using only the traditional SAS modules in a clinical trial environment.

Healthcare Mandates Timeline

Click to learn about the yearly healthcare industry activities

Outsourced Managed Solutions Presentation

We have been managing outsourced solutions for clients since 1997 providing global OMS expertise to clients in at least 52 countries.

Engineering Sell Sheet

With seasonal peaks and fluctuating market demands, your industry requires exceptional workforce agility and quick access to the right talent and specialized solutions.