20 January 2018
visit http://response.ncr.com

CFO Strategies ships SOX compliance tool

24 July 2007  |  1141 views  |  0 Source: CFO Strategies

CFO Strategies today announced the launch of SOX Compliance Manager, a comprehensive Web-based toolkit that significantly reduces the cost and complexity associated with Sarbanes-Oxley compliance.

SOX Compliance Manager incorporates CFO Strategies' unique field-tested project management methodology to help companies accelerate Sarbanes-Oxley implementation, identify the areas of highest reporting risk and automate the compliance process. The solution deploys quickly, is user-friendly, and structured to fit the needs of any budget. The fees are subscription based - there are no separate license fees, upfront capital expenditures, or maintenance fees. The SOX Compliance Manager includes:
  • A customizable archive of best-practice compliance documentation spanning all major business and IT processes.
  • A broad foundation of policies, procedures, and controls, as well as, strategic and tactical guidelines for effective project management.
  • Leading-edge workflow and document management tools that allow for the assignment of project tasks and the oversight of critical control documentation.
  • Robust project reporting and database tracking system

"SOX Compliance Manager is a cost-effective solution designed to help companies work smarter when it comes to Sarbanes-Oxley compliance," said Jerry Hutter, Chief Executive Officer of CFO Strategies. "Sarbanes-Oxley Act was passed in 2002 in response to a great need to improve corporate governance and financial reporting - it's not going away. This Web-based toolkit helps companies effectively execute their compliance process while significantly reducing the often exorbitant cost and effort."

The Sarbanes-Oxley Act, also known as the Corporate Responsibility Act, was passed in response to major financial scandals including Enron, WorldCom and others. For small and medium-sized companies, the costs associated with Sarbanes-Oxley compliance are often disproportionately higher when compared to larger companies. Today, small companies are spending $250K to $1 million per year on their compliance efforts.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12437 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7845 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7685 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6795 views 1 | 6 tweets | 2 linkedin

Featured job

Find your next job