Jun
20
Publicly traded financial companies are required to meet the Sarbanes Oxley Compliance (SOX) regulations and disclosures, or face financial and criminal punishments. Penalties for non compliance are harsh so financial executives had better get their houses in order to report quickly and accurately. Achieving SOX compliance is not easy, and many financial institutions struggle every year to correctly meet the federal financial reporting requirements by manual procedures. This wastes time and effort that could be saved by using the new web based soft ware designed to gather and compile all the neccessary information into a SOX compliance report. This software can be put on a secure computer network available to all departments of a company for their input.
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