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Choosing to change core providers for your financial institution is a significant decision, but one that may make sense for your organization as you consider business performance, cost reduction, and user experience. The core processing system conversion process involves several steps to ensure accurate data transfer, compliance, and continued financial integrity, and the entity may incur various costs at each step. Our comprehensive guide addresses each step and its associated costs.
The Elliott Davis team can help you navigate the complex accounting issues presented in a core system conversion. Contact us below to get started.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
Credential overlap, often mistaken for credential stuffing, is a major cybersecurity risk caused by password reuse across multiple accounts. This article explores how attackers exploit this weakness, insights from Elliott Davis penetration tests, and practical strategies to strengthen security and prevent unauthorized access.
The SEC’s new cybersecurity disclosure rules now require public companies to report material cybersecurity incidents within four business days and provide detailed risk management disclosures in annual reports. Organizations must assess the materiality of cyber threats, outline board oversight, and describe management’s role in mitigating risks to ensure transparency for investors.
Cyber threats are constantly evolving, and one often-overlooked vulnerability is clear text password storage. This article explores the risks of storing passwords in plain text, how attackers exploit this weakness, and practical solutions—including password managers, user awareness, and professional cybersecurity assistance—to strengthen your security posture.
Amid economic uncertainty and rising interest rates, businesses can optimize cash flow by leveraging tax accounting method changes. Learn how strategies like prepaid expense deductions, inventory valuation, and cost segregation can defer taxable income and improve liquidity.
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