How will Process & Workflow Management help you satisfy the Sarbanes-Oxley (SOX) requirements Is your organization prepared to implement required controls now imposed by the Sarbanes-Oxley Act?
Do you know the key fundamental requirements of the Internal Control Certification? Most likely not, as indicated by statistics issued from several analyst firms, such as the META Group, recently publishing the result of a survey showing that: • 6% of firms believe they are ready for Sarbanes-Oxley • 90% have active SOX projects Also interesting in these various analyses is the key position and value of Business Process Management (BPM) to facilitate the implementation of internal controls compliant to SOX regulations. In fact, AMR published in November 2003 that enforcing such all-encompassing legislation requires companies to solidify and lock down many of their document-centric processes while pursuing means to monitor processes and detect noncompliance. This need to have explicitly modeled processes to manage efficiently SOX is also supported by interviewed executives ranking the implementation of Business Process Management as highest ranking elements on their top-preferences list
