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Regulatory compliance.

To help companies worldwide comply with the provisions of Sarbanes-Oxley, as well as leverage the process of bringing together and analyzing data from across their operations, SAS has announced a new software solution, SAS [R] Corporate Compliance for Sarbanes-Oxley. The product helps publicly traded organizations satisfy their requirements under Sarbanes-Oxley through an auditable, searchable and authenticated infrastructure that SAS says is flexible enough to prepare organizations for other future governance and compliance requirements.

"SAS's comprehensive analytics and data management capabilities, combined with its workflow module, differentiate SAS Corporate Compliance for Sarbanes-Oxley in the marketplace and enable organizations to address other business needs such as risk management, customer relationship management and performance management," says Julie Rahal, research analyst at IDC.

SAS Corporate Compliance for Sarbanes-Oxley, the company says, allows organizations to evaluate the overall success of their financial systems and performance management strategies. The solution enables rapid and accurate consolidation of financial data from disparate sources--enterprise resource planning (ERP), general ledger and other operational and legacy systems from across the globe, for example--to help organizations meet Sarbanes-Oxley reporting deadlines; it also gives finance departments more time to analyze and verify numbers.

The new product includes a repository function for working on financial documents, processes and controls. SAS says this repository, designed with Section 404 of Sarbanes-Oxley in mind, provides additional insight and transparency into the preparation of financial reports. In addition, financial statements can be assessed and validated with SAS's reporting and analytic capabilities.

An important differentiator for the new SAS product is its enterprise-wide platform, which spans all channels of the organization to ensure consistency in risk measurement and reporting. A dashboard on top of this platform provides a comprehensive and intuitive view of compliance status, while generating alerts as needed when compliance requirements an organization has set are in danger of not being attained.

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Title Annotation:technology Tools; SAS has announced a new software solution
Publication:Financial Executive
Geographic Code:1USA
Date:Dec 1, 2003
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