Ask FERF (Financial Executives Research Foundation) about ... Sarbanes-Oxley tools.

AuthorMcCann, Tiffany
PositionResources

Once again, technology is a great enabler. Its latest feat is assisting companies in complying with Section 404 of the Sarbanes-Oxley Act of 2002. For most companies, compliance is an enterprise-wide effort that requires a ton of data-gathering--usually from multiple locations. Software vendors have responded zealously with applications providing simple document storage systems to complex reference libraries of best practices.

Through research and interviews with a number of vendors, Financial Executives Research Foundation (FERF) provides the following information about what each company is offering. The list is by no means exhaustive, and vendors are listed alphabetically.

All of the products below have some common features including:

* Web-enablement for easy, scalable deployment to multiple locations around the world.

* Secure environments to protect the sensitive information held in the application.

Vendor Name Product Description FERF Observations Product Name Axentis LLC Provides policy Axentis' core business Axentis Enterprise management capability, is compliance Sarbanes-Oxley as well as audit and management Compliance Solution assessment tools. It applications, which also includes a include Health learning management Information Privacy and tool to assist in Portability Act (HIPPA) communicating compliance applications applicable laws and and Sarbanes-Oxley. regulations throughout the organization. OpenPages Inc. Provides a central The product offers SOX 404 workspace for functionality that documenting internal enforces financial controls. The product reporting workflows to allows for viewing assist in compliance information by with Section 302. financial statement account and process. In addition, a management dashboard provides visibility to material disclosures, internal controls and metrics. Open Text Corp. Provides a compliance Open Text is a Livelink infrastructure using collaboration and collaboration tools, knowledge management auditable workflows and software company. The process...

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