Meeting the business performance management (BPM) requirements driven by the Sarbanes-Oxley Act (SOX)
Although most CFOs realize the need for greater accountability in the financial reporting practices of public companies, Sarbanes-Oxley hasn't made life any easier for finance executives. The list of requirements is staggering, and failure to integrate ongoing compliance into BPM processes and systems can be risky. Sarbanes-Oxley compliance is not a one-time hurdle to overcome -- it is an ongoing process that must be constantly monitored, managed and improved. CFOs need a BPM solution that promotes the consistency of financial data to all stakeholder groups, ensures the completeness and accuracy of that data as well as continually monitors the effectiveness of internal controls around that data as they relate to SOX compliance. With the right tools in place, forward-thinking CFOs can transform SOX compliance from an expensive burden into an opportunity to streamline processes, promote consistency, enhance speed and drive visibility around all BPM processes.
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