Hyperion the global leader in Business Performance Management (BPM) software, said today that a July 2005 special study from IDC, The Compliance Chasm, confirmed that in complying with Sarbanes-Oxley mandates companies are also gaining greater insight into their financial performance.
The report, based on a survey of 220 business leaders about the cost and effectiveness of Sarbanes-Oxley compliance, follows the first full year of compliance initiatives.
Respondents to the IDC survey indicated that they were not only anticipating improvements in financial management activities but overall business performance management as well. A whopping 88% of respondents said that Sarbanes-Oxley would have a positive impact on business performance. As a result, IDC reports, a number of organizations have now moved from viewing compliance as a burden to using compliance requirements as an opportunity to improve business processes and manage risk.
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