Big4Guy

Complying with the requirements of the Sarbanes Oxley act is a humongous task. Section 404 and Section 302 of the act lay down a comprehensive set of compliance criteria for an organization. Today, Sarbanes Oxley Compliance Softwares are available in the market to help in complying with the act. But are such Sarbanes Oxley Software for your company. The answer is a big "Yes". My experience with companies has shown that the efficiency and effectiveness of controls documentation process gets enhanced by software automation. Let me explain why is it so important to use Softwares for Sarbanes Oxley Compliance.

1. SOX compliance is a complex process of planning, testing, evaluation and review.
2. Compliance with SOX involves multiple individuals, teams and multiple locations.
3. The Internal Controls Review process requires efficient information flow between team members.
4. Any Sarbanes Oxley Compliance project generates a large amount of information which needs to be managed properly.
5. Due to the confidential nature of some organizational information, there is a need to protect it through user access controls.
6. Automated data Collection, documentation standards, etc are possible only with a proper compliance and documentation software.

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