Below you'll find a list of all posts that have been categorized as “Best Practices”
In today’s complex business environment, organizations face a myriad of risks that can threaten their operations, reputation, and bottom line. To navigate these challenges, companies implement controls – a crucial component of risk management strategies. But what exactly are controls, and why are they so important? What are Controls? Controls are policies, procedures, and practices designed to mitigate risks and …
Welcome to the final post in our series on optimizing onboarding with Dynaflow Solutions. So far, we’ve covered the basics of onboarding and provided a step-by-step guide. Today, we’ll explore best practices to ensure a smooth onboarding process, especially when employees change roles or job functions. Best Practices for Onboarding Standardize Processes: Develop a standardized onboarding checklist to ensure consistency …
Welcome back to our series on optimizing onboarding with Dynaflow Solutions. In our previous post, we discussed what onboarding is and the risks associated with it. Today, we will walk you through a step-by-step guide to onboarding new employees, with a focus on IT systems like Infor LN or Infor Cloudsuite Industrial (Syteline), incorporating relevant standards and norms. Step 1: …
Welcome to the first installment of our blog series on the onboarding process at Dynaflow Solutions. In today’s fast-paced business environment, effective onboarding is crucial not only for employee integration but also for maintaining the integrity of IT systems like Infor LN or Infor Cloudsuite Industrial (Syteline) and other ERP solutions. In this post, we will delve into what onboarding …
Separation of Duties (SoD) is a crucial internal control mechanism that helps organizations mitigate risks, ensure compliance, and maintain data integrity. Implementing SoD in an ERP system can be challenging due to the complexity of business processes and the need for extensive configuration. In this blog, we will explore best practices and practical steps for implementing SoD in an ERP …
Enterprise Resource Planning (ERP) systems like Infor SyteLine integrate various business processes into a single unified system. While this integration offers numerous benefits, it also presents unique challenges in maintaining effective Separation of Duties (SoD). In this blog, we will explore how SoD applies in an ERP environment, with a specific focus on Infor SyteLine. The Role of ERP Systems …
Enterprise Resource Planning (ERP) systems like Infor LN integrate various business processes into a single unified system. While this integration offers numerous benefits, it also presents unique challenges in maintaining effective Separation of Duties (SoD). In this blog, we will explore how SoD applies in an ERP environment, with a specific focus on Infor LN. The Role of ERP Systems …
Separation of Duties (SoD) is a fundamental internal control principle aimed at preventing fraud and errors in business processes. By dividing responsibilities among different individuals, organizations can ensure that no single person has the power to execute a complete transaction cycle, thereby reducing the risk of intentional or unintentional errors. This principle is also commonly referred to as Segregation of …
Conducting access reviews in ERP environments involves a series of well-defined steps aimed at ensuring that access rights are appropriate and aligned with organizational policies. Understanding these steps can help organizations implement a robust access review process. Step-by-Step Process Planning and Preparation: The first step is to plan the access review process. This involves defining the scope, objectives, and timeline …
Access reviews are a systematic process aimed at ensuring that only authorized personnel have access to specific data and functionalities within an ERP system. Understanding what access reviews typically entail can help organizations implement them more effectively. Key Components of Access Reviews User Identification: The first step in an access review is identifying all users who have access to the …
