Prudent risk management requires finance executives, audit departments, and sales departments to review -- and perhaps significantly modify -- approval processes, along with other control activities, to ensure that organizations are selling at proper prices. Mobile payments will require additional reviews of gross margins and revenue per product to ensure proper pricing. Sales incentive programs must emphasize more than gross revenue figures or units sold. Companies must review processes related to password protection and open-source software to ensure their employees are using approved applications.

Mobile technology is a tool for businesses to use. Still, tools can be used to create better businesses -- or to destroy years of hard work. Companies recognizing the risks of mobile technology before implementation will be able to develop the right controls for creating more-productive and profitable businesses.