Business Objects launches Sarbanes-Oxley Analytic Solution
04 October 2004 | 1486 views | 0
Source: Business Objects
Business Objects (Nasdaq:BOBJ; Euronext Paris ISIN code FR0004026250-BOB), the world's leading provider of business intelligence (BI) solutions, today announced the availability of BusinessObjects Sarbanes-Oxley Analytic Solution, which enables companies to more effectively manage regulatory compliance.
The new product is part of BusinessObjects Analytics, a suite of enterprise analytic applications that allow organizations to better understand their operations, customers, products, and people.
"Smart companies are taking a strategic approach in using technology to manage the increasingly complex issues around the various compliance laws including Sarbanes-Oxley," said Jon Gibbs, global lead for business intelligence at CapGemini. "Compliance regulations require our customers to have a structure in place which provides the necessary insight into their operations, as well as the agility to react to changing market conditions. We've chosen to partner with Business Objects so we can provide our clients with the necessary business intelligence environment that improves their corporate accountability in the marketplace."
The Sarbanes-Oxley Analytic Solution helps organizations to increase financial transparency and improve oversight of their internal controls structure. The solution allows organizations to perform root cause analysis, and quickly identify and highlight process irregularities so they can take corrective action. An advantage of the solution is that it allows financial managers to investigate the data represented in reports and trace the data source to its origins, which is a key capability for compliance. For example, if there are variances in financial statements, analysts can take immediate action using the Sarbanes-Oxley Analytic Solution to investigate and resolve discrepancies. By providing companies with complete visibility into their financial operations, Business Objects gives executives the confidence they need to certify that their financial results are accurate and up to date.
"We recognize that Sarbanes-Oxley is forcing many companies to invest money and time into improving their financial processes," said Chris Caren, vice president of corporate marketing at Business Objects. "That's why the entire Business Objects product line is designed to provide businesses with solutions that facilitate compliance. Our products can help with the entire spectrum of compliance issues - from data integrity to financial reporting to advanced financial analysis. With Business Objects, companies have the tools they need to easily comply with corporate governance regulations both in the United States and abroad."