HandySoft Global Corporation, a leading provider of business process management (BPM) solutions, announced that it has been selected as the BPM solution with the best compliance ROI by BPM Today. HandySoft's Sarbanes-Oxley compliance solution, SOXA Accelerator, combines business process management from HandySoft's BizFlow platform with collaboration, search and a personalized portal experience from Plumtree's Enterprise Web Suite. BPM Today points out: "BPM can deliver substantial value when applied to compliance, helping companies to meet compliance requirements and reduce the associated costs."
The assessment made by BPM Today that HandySoft can enable companies to achieve compliance ROI is particularly significant in light of a new survey by Financial Executives International (FEI), which recently reported that Sarbanes-Oxley compliance will now cost companies 62 percent more, on average, than they had previously projected. According to this new survey, compliance with Section 404 will take up twice as many employee hours than the companies surveyed had initially thought, contributing to a 109 percent rise in internal costs.
BPM Today highlights the fact that BPM in general, and HandySoft's BizFlow BPM platform in particular, are well suited to deal with virtually any compliance related issue. In naming HandySoft the best in BPM compliance ROI, BPM Today praises HandySoft's experience in helping pharmaceutical companies address heavy regulatory burdens, as well as assisting other companies in dealing with OSHA requirements for manufacturing and a wide array of other government regulations.
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