Business Plan
COSO
COSO
An important task for management, the board and owners is to take responsibility and be held accountable. In order to do this, a thorough reporting of all parts of the business is required, presented in a format adapted for management, the board and owners. This is the Business Plan.
The background to the Business Plan can be described as follows. “All organizations exist to create value for their stakeholders” (COSO Enterprise Risk Management).
The value-creating activities usually start from vision, mission, goals, assignments, strategies, policies. These are passed on from the board and management level to the various parts of the business such as products and services, processes, projects, resources, supply chains, external suppliers.
The goal of the Business Plan is to report on all parts within the organization to demonstrate how the organization governs and leads to achieve goals, meet requirements and comply with legislation. Common areas are safety, work environment, quality management, information security, risk and continuity, environment and sustainability.
The iFACTS Business Plan covers all of these areas in a completely data-driven manner, similar to financial reporting. The report is tailored for management, the board and owners. So that they can take responsibility and be held accountable.
Benefits
With iFACTS you get effective support to plan, report and follow up the operations in a coherent business plan. Includes overall vision, mission, strategies, goals, requirements, policy and further to the organization’s processes, resources, planned activities, risk management, control and follow-up. The platform supports structured, traceable and standard-adapted work where the entire organization is included in all its aspects. Important tool for management, board and owners – to take responsibility and be held accountable.
Workflows
- Process and asset management covering the entire business including suppliers in the supply chain.
- Goals identified with traceable measurements
- Document and policy management with version control and access rules
- The entire process for the business plan is data-driven based on a common information model
- Portals for management-adapted overview – deviations, incidents, risk, management areas information security, quality, etc.
- Integrations with other systems and data sources via standardized API
Contact
Mark Wijeyratne
Phone: +46 72 741 39 00
Email: mark.wijeyratne@ifacts.se
Vilhelm Kjellsson
Phone: +46 76 812 02 11
Email: vilhelm.kjellsson@ifacts.se