Nasdaq's BWise (NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today the launch of the Nasdaq Sarbanes-Oxley (SOX) Software Solution in collaboration with Nasdaq's Listings Services business.
The solution is based on a combination of the pre-configured BWise GRC platform and services, as well as Nasdaq's governance best practices. The offering will provide private companies preparing for their Initial Public Offering (IPO) with an integrated solution to better support their financial statement control process, improve efficiencies and create stronger transparency.
The Nasdaq SOX Software Solution includes a comprehensive step-by-step internal control solution and a quick and cost effective implementation. The offering aims to significantly improve the process to generate required reports such as the Sarbanes-Oxley 303 and 404 attestations.
"Taking a company public is an exciting but often overwhelming process, particularly with complex and evolving accounting and governance practices," said Nelson Griggs, Executive Vice President, Listings Services, Nasdaq. "This new offering combines Nasdaq's governance best practices with the strong BWise software capabilities and experience in the area of internal control to support newly public companies with their SOX compliance process."
"For several years, BWise has been at the forefront of supporting public companies with their SOX compliance," said Rob van Straten, Head of Global Sales & Delivery, BWise. "We are excited to bring to the market a turn-key, out-of-box offering for newly public companies in the U.S. as they address complex regulatory requirements like SOX."
The Nasdaq SOX Software Solution is available to companies preparing to list in the U.S. market. In addition, the solution is also available to those companies who are currently listed in the US, but have not yet implemented automation to assist with their SOX compliance efforts.