Financial Controls Management: OpenPages FCM

The SOX Compliance Challenge

For the past few years, organizations have struggled to effectively and efficiently meet the financial reporting requirements introduced by the Sarbanes-Oxley Act of 2002. While most companies have been successful in completing their SOX compliance work each year, the manual procedures they employ require a great deal of effort, increase the potential for errors and fail to provide management with a holistic view of the state of compliance.

Global Financial Compliance Standards Add to the Need for Financial Controls Management

With the advent of similar worldwide financial reporting regulations – including JSOX in Japan, the Loi de Sécurité Financière in France and Bill 198 / CSA 52-313 in Canada – multinational organizations will experience even greater complexity in financial reporting compliance. As the regulatory environment continues to become more complex, organizations have a greater need to make compliance sustainable and repeatable.

Financial Controls Management with OpenPages FCM

OpenPages FCM is the market-leading software solution for compliance with the Sarbanes-Oxley Act and similar worldwide financial reporting regulations. It automates an organization’s entire compliance lifecycle – from design and documentation, through test, review, approval and certification. Combining full document management, powerful workflow and interactive reporting capabilities, OpenPages FCM makes compliance procedures more efficient while providing executive management with assurance that the organization is meeting its compliance requirements.

OpenPages FCM Documents Compliance Policies and Captures Full Audit Trails for SOX Compliance

The OpenPages FCM repository enables organizations to document compliance policies and procedures, capturing full audit trails and approvals. To ensure period tests are performed and issues are resolved, OpenPages FCM uses workflow to route tasks to key stakeholders throughout the enterprise. Rich, interactive dashboards and reports provide executive management with assurance into the state of compliance, with quick and easy navigation to potential problem areas.

With OpenPages FCM, organizations instill compliance and governance as part of the corporate culture, making procedures more effective and efficient while providing management with peace-of-mind that the corporate brand is protected.

OpenPages FCM – Key Building Block for Enterprise Risk Management

As part of the OpenPages Platform, OpenPages FCM is a key building block in implementing an enterprise-wide, integrated approach to risk and compliance management. OpenPages FCM delivers a policy-driven, process-centric way to manage financial controls compliance through self-assessments, certifications, compliance automation and executive dashboards that provide management with the visibility, control and decision support required to ensure financial reporting compliance and optimize business performance.

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