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A sampling of some of the many SOX software offerings on the market today.
What follows is an unbiased overview of some of the software products available in 2006 that aid in Sarbanes-Oxley (SOX) compliance. Since the passage of the Act in 2002, this market has expanded rapidly. Players have come and gone. This overview is not intended to be all-inclusive, but is meant to provide a starting point for learning more about the various solutions that are available. The products are listed in alphabetical order by manufacturer. Inclusion in this overview does not constitute an endorsement; the products described here were not tested or reviewed.
ACL
ACL Continuous Controls Monitoring (CCIM). Run automatically on a continuous basis, ACL CCM solutions check and validate transactional data from any ERP (including SAP, Oracle, and PeopleSoft), mainframe system, or custom application, against control parameters and business rules. ACL CCM analytics identify suspicious activity, errors, segregation of duties issues, and exceptions that may be hidden within high volumes of transactions. Through a browser-based interface, management receives notification of control breaches, can review quantified exposure of business risk, and can drill down to specific exceptions and transactions to resolve potential problems before they escalate.
Website: www.acl.com
Appian
Appian Sarbanes-Oxley solution. Using Appian's BPM platform, the Appian Sarbanes-Oxley solution manages the comprehensive SOX compliance effort while remaining flexible enough to adapt to changing business needs or future compliance endeavors. With it, corporations can:
* import data into COSO-based, industry-specific control frameworks;
* design and implement surveys for management self-assessments and financial reporting attestations;
* assign control tests and evaluate results;
* raise, track, and remediate issues;
* generate personalized, dashboardstyle reports;
* consolidate information into a single, Web-based environment;
* manage change through versioning control and an audit trail; and
* automate, monitor, and streamline specific financial processes.
Website: www.appiancorp.com
Approve
BizRights. Approva provides enterprise controls management software that enables companies to design, implement, test, and monitor their business controls. Approva's BizRights software enables users to continuously monitor their controls across multiple ERP and financial systems. It translates complex technical information into reports that are easily understandable by business managers and auditors.
The BizRights solution includes the BizRights platform, which integrates with financial systems and identifies and resolves...