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The Sarbanes-Oxley Act of 2002 (SOX), sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley, represented a major change to federal securities laws.
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 (SOX). 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 their company’s state of compliance.
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 compliance with financial controls management.
As the regulatory environment continues to become more complex, organizations have a greater need to make compliance sustainable and repeatable. Choosing the right SOX compliance technology is one of the key components for a sustainable process.
OpenPages FCM is the market-leading software solution for compliance with the Sarbanes-Oxley Act and similar worldwide financial reporting regulations. The Sarbanes Oxley compliance solution 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 for SOX more efficient while providing executive management with assurance that the organization is meeting its compliance requirements.
The OpenPages FCM provides full financial controls management through:
To read more about the Sarbanes-Oxley Act, visit our blog. For questions or for more information on OpenPages FCM, the solution for Sarbanes-Oxley Act (SOX) compliance, please click here or call us at 781.693.5999.
