EMC Corporation, a world leader in information storage and management, and Paisley Consulting, a leading provider of business accountability software, announced the immediate availability of a solution that helps companies manage operational risk and meet requirements and impending deadlines for the U.S. Sarbanes-Oxley (SOX) Act of 2002.
The solution unites the industry-leading EMC Documentum Enterprise Content Management platform with Paisley Consulting's highly customizable Risk Navigator(TM), widely recognized as a leading platform for enterprise risk management, to provide a compliance framework that can assist companies in demonstrating that all internal controls and processes related to financial disclosures are fully documented, certified and auditable, in accordance with Sections 302, 404 and 409 of SOX. The solution can also help companies address other compliance initiatives that require detailed recordkeeping, stringent controls and procedures and audit trail capabilities, such as the U.S. Health Insurance Portability Accountability Act (HIPAA), U.S. Environmental Protection Agency (EPA) regulations and BASEL II, an international accord on banking supervision.
To cost-effectively address current compliance initiatives, prepare for emerging regulations and mitigate the risk of non-compliance, companies are looking for solutions that streamline, automate and document numerous processes and controls. By combining the EMC Documentum platform with Risk Navigator, companies can leverage a complete solution for compliance that includes:
- A control framework with predefined features, such as checklists reflecting objectives, risks and controls
- Process documentation with version control and role-based security
- Risk assessment module that enables organizations to assess, control and implement compliance processes
- Detailed, flexible audit trails and reporting features with multiple levels of reporting, tailored for different audiences
The EMC Documentum platform enables companies to create, manage, deliver and archive all types of content. It includes comprehensive content management, collaboration and records management functionality and a centralized repository to manage compliance content, such as financial procedures and reports, with full version management and automated workflows to facilitate financial reporting. Risk Navigator supports compliance by providing a long-term application for enterprise risk management. It enables companies to document and test their internal controls and navigate through the relevant processes with a dashboard to discover and respond to potential issues. The EMC Documentum platform with Risk Navigator solution can be integrated with existing business applications and IT systems and is scalable to support globally dispersed organizations.
The solution is immediately available from EMC and Paisley Consulting. For more information about the solution, visit: http://www.documentum.com/ and http://www.paisleyconsulting.com/ . For more information on the U.S. Sarbanes-Oxley Act, visit: http://news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf
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