Finance Products and Their Risks

Finance involves managing assets, liabilities, revenues, and debts for a business. Defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings, and retirement planning.

Products provided by Finance business functions and their risks:

Commerce

A service that supply businesses with a digital storefront that includes the tools needed to buy and sell products and services over the Internet and manage their online enterprises.

Risks: We are evaluating the impact of a disruption or compromise in this set of services.

Enterprise Resource Planning

Enterprise resource planning software is used to track open orders, payroll, and materials inventory, and other business resources.

Risks:

• Data exposure; including financial data and logistics information.
• Disruption of business continuity; including loss of customer confidence and loss in revenue.

Expense Management

Expense management software is used to track credits and debits across company financial accounts as well as employee expenditures.

Risks:

• Data exposure, including sensitive financial data and banking details.
• Disruption of business continuity; including loss of customer confidence and loss in revenue.

Financial Analytics

Financial analytics enterprise software is used to create reports and analyses from an organization's financial data.

Risks:

• Data exposure, including information on business secrets and insider information.
• Disruption of business continuity; including loss of critical financial insight capabilities and loss of stakeholder confidence.

Inventory Management

Inventory management software helps organizations keep track of product stock levels.

Risks:

• Disruption of business continuity, including loss in revenue.
• Data exposure; including financial information and supplier information.
• Misuse of company assets, including logistical information.

Order Management

Order management software is used to help control inventory, create order forms, manage pricing.

Risks:

• Data exposure, including payment information, purchase history, and supply levels.
• Disruption of business continuity; including loss of customer confidence and loss in revenue.

Payment Processor

Payment processors serve as intermediaries between merchants and various channels of payment (credit cards, debit cards, bank transfers), handling the transactions and crediting merchant accounts.

Risks:

• Data exposure depending on how data is stored, which includes credit card information.
• Disruption of business continuity, including loss in revenue and loss of transaction records.

Procurement Solutions

Procurement solutions software is used to manage automated purchase orders, invoice matching, and receiving orders.

Risks:

• Data exposure; including financial information, logistics processes, and purchasing strategy.
• Disruption of business continuity, including delays or miscommunication in ordering.

SCM (Supply Chain Management)

Supply chain management software is used to help execute purchase orders, manage inventory, source and manage suppliers.

Risks:

• Data exposure; including payment information, payment history, supplier contact information, and logistics information.
• Disruption of business continuity; including loss of customer confidence and loss in revenue.