Organizations – from the executive level, corporate boards, and compliance departments to risk management and audit groups – are facing increasing pressure, oversight, and scrutiny by regulators, shareholders, and external auditors. As a result, professionals managing internal assurance functions struggle to cope with overflowing information requests, new compliance requirements, and rapidly rising demand while working within constrained budgets. Despite an increased investment in compliance, internal audit, risk management, and corporate governance, significant assurance gaps still exist in most corporations.
Healthcare & Life Science
The IQ Business Group’s (IQBG) Healthcare & Life Sciences Practice provides clients with industry-specific solutions for healthcare providers, pharmaceuticals and biotechnology companies, and medical services. We help strengthen and integrate internal operations and interface with other organizations to increase administrative efficiency, reduce costs, assure quality, and increase patient safety. Our solutions assist with marketing and sales, supply chain, research and development, global regulatory compliance, and outsourcing.
IQBG leverages our familiarity with regulatory standards and uses the latest technologies to address healthcare challenges. Our team of experts collaborates and fosters learning through shared experiences, documented practice, and lessons learned. We help strengthen and integrate internal operations and interface with other organizations to increase administrative efficiency, reduce costs, assure quality, and increase patient safety.
Process Industries are a systematic series of mechanical or chemical operations that produce or manufacture something. Similar to Life Sciences, companies involved in these operations are subject to several regulatory and compliance standards. Additionally, process industry companies benefit from the integration of their ERP systems to information governance platforms. IQBG has extensive experience in guiding these companies in all aspects of their data and information governance requirements.
Energy & Utilities
Energy and utility companies are operating in a dynamic market. Energy companies are continually under pressure from various influences; shareholders demand financial transparency, while government and the public are demanding innovative, green energy solutions and increased environmental responsibility. This has resulted in more rules and regulations governing the energy and utility industry, whether financial, such as Sarbanes Oxley or IFRS, or industry-specific such as FERC, and NERC.
In addition, energy companies have their own internal standards policies, procedures and restrictions regarding safety, internal controls, and quality. Companies may have Energy Risk Management initiatives or internal production and operational restrictions. All of this makes it necessary for energy and utility companies to build a solid Governance, Risk and Compliance framework that will put them in control and give them the information to improve their business and processes.