How Cybersecurity Moved from Being Government Agenda to Enterprise Priority

As a cybersecurity services provider company, we came across an interesting article on WEF that is worth sharing.

Even as governments rapidly adopt modern information security techniques, many enterprises lag. They continue with the patchwork or lock-and-moat approach to security. Looking at the information in the context of larger cyber warfare techniques; activating enterprise and industry response to cybersecurity is an idea whose time has come.

There are certain challenges that enterprises need to address before they can get to put this vision into action.

  • The pressure of rapid digitization
    This is especially true in the face of the pandemic. Organizations have had to change their ways of working almost overnight. Digital transformation at the workplace became a matter of now or never. However, in the race to digitize, cybersecurity often takes a backseat. That needs to change.
  • Fragmented regulations
    Although governments’ approach to cybersecurity globally is highly sophisticated, regulations continue to be fragmented and different as per geographies. In a flat world like ours, where most work and workforce are now location-agnostic, fragmented regulations can often throw a spanner in building formidable enterprise security.
  • Lack of expertise
    Even though cybersecurity is high on the agenda for enterprises, the skills they have access to don’t quite match up to those at the end of the intruders. Upskilling in the cybersecurity space is an urgent need now, without which, enterprises will continue to be laggards in cyber readiness.

Just as WEF, Soft-Tech is committed to bringing organizations to the table and discuss the long-term implications of weak enterprise security, challenges, and vision to tighten cybersecurity postures across business entities and government.

Where does this leave you as an enterprise? What can you change and how can you address the challenges that lie ahead of you?

Connect with us https://www.stcl.com/cybersecurity/

Why Finding the Right ERP Solution is Important for Solving Challenges

Driving quality services constantly and efficiently is not easy. Accountability to people is a key challenge along with the pressure of scrutiny from funding organisations and regulatory bodies. Taking control of budgets, expenses, allocations and workflow is easier said than done with the huge volume of paperwork and regulatory processes. Document management by itself is time consuming, manually intensive, error prone and consumes a lot of time.

Non-profit organisations face similar challenges while coming under higher pressure to reduce operational overheads and do more with fewer resources.

To address these challenges, governments and non-profits are having to shift to a more business-like way of functioning. They find themselves under duress to centralise processes and functions that offer complete visibility of finance, budgeting, accounting, resource management and more. While both government and non-profits go in for ERP solutions to gain efficiency, very often, they find such solutions difficult to integrate with their unique processes and systems. Governmental organisations especially are highly divisive with various processes that address different services and function on a variety of systems implemented over a period of time.

Productivity, budget and financial efficiency comes from identifying a solution that is flexible, user friendly and aligned to organisational goals. Having partnered with governments in Tanzania and non-profits for a long time, Soft-Tech has deep expertise in solving unique challenges they face with regard to improving service quality and controlling finance. With our experience, we are able to help implement customised solutions that enable efficiency through the right transformation – https://www.stcl.com/government/

Ensuring tax compliance through digitisation.

There’s no doubt technology has a great impact on how government engage with their citizens. The government is now gaining access to resources that where once available to the private sector and is now looking to developing citizen-facing software, apps and services to offer a similar seamless experience.

While streaming processes and efficiencies in not a new pursuit, there is a distinct shift in how public finance is raising and spending money to deliver efficient services especially in the tax collections sector. Government have now turned to technology to improve tax enforcement through enhancing their ability to collect and process information on the different taxpayer outcomes such as earning, consumption, income etc.

As tax authorities continue to focus on digitisation of data and analysis, there is an increase in the need for technology solutions that can ensure compliance. Better tax compliance is one of the key benefits of digitizing tax enforcement. If implemented properly we can expect to observe these key things:

Centralisation. Organisations will realise the immense benefits brought by centralisation. Benefits such as efficiency, standardisation and lower costs.

Automated processes. There will be an increase use of technology in tax functions, leading to most tax functions being automated. This will promote standardised activities freeing up tax teams from performing routine compliance tasks.

Standardised compliance will provide Tax authorities with better insights and transparency into information providing them a detailed picture of tax payer’s accounts and deals which will in turn aid in better decision making. We have been helping government organisations with customised solutions that help them have access to real time data with fewer reporting errors for better decision making and increased efficiency. Find out more about the work we have done at www.stcl.com/government