HandySoft Corporation, the leader in business process management (BPM) solutions, and Enterprise Web leader Plumtree Software today announced the Sarbanes-Oxley Accelerator, a solution that helps publicly traded companies comply with the Sarbanes-Oxley Act of 2002. This solution combines best-of-breed technologies to accelerate the Sarbanes-Oxley auditing process, simplifying the auditing of internal controls and the preparation of financial reports.
The Sarbanes-Oxley Act is the cornerstone of federal regulators’ financial accounting reform and attempts to protect investors by holding executives of public companies directly accountable for any misrepresentation of a company’s financial information. According to AMR Research’s May 2003 report “CIOs: There is a Sarbanes-Oxley Project in Your Future Do you know what it is?,” 61 percent of companies expect business process change will be required [to comply with Sarbanes-Oxley legislation]. Many public companies are using technology to automate the enforcement of financial rules and processes to comply with the Sarbanes- Oxley Act. This compliance effort is also an opportunity for companies to reap wider business benefits as their business and financial processes are evaluated, improved, automated and strictly enforced.
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