Sarbanes-Oxley
Challenges & Difficulties:
- Becoming compliant without a costly overhaul of your
financial systems.
- Complying with new internal control requirements.
- An increased demand for financial transparency and corporate
disclosure.
- Tighter regulatory filing deadlines.
 Real-time reporting - making changes in minutes rather
than days.- Noncompliance can result in fines and more severe penalties
for corporate officers.
Solution:
Companies using TM1-based solutions to monitor key business processes
and financial performance can create the foundation for a
proactive approach to Sarbanes-Oxley regulatory compliancy.
This approach ensures that financial reporting
and corporate disclosure requirements are
defined clearly, performed consistently, and managed effectively. You'll
be able to:
- Continue using Excel and be Sarbanes-Oxley compliant.
- Use Excel for all of your reporting, forecasting, analysis,
and budgeting without limitations on size, source, or complexity
of your data.
- Gather forecasting and budgeting data from users with
complete security and an audit trail in a multi-user environment.
- Create a read/write web site using only Excel skills.
It's secure & backed up with an audit trail.
- Analyze or report data from multiple, disparate data
sources - all your data at your fingertips.
- Minimize costs - become SarBox complaint without investing
in a financial system overhaul, using the Excel skills
you already have.
- Make changes in real time - in seconds rather than hours
or days.
-
Increase your reporting
accuracy and accountability across your
organization.
- Reduce your compliancy risk.
Click here to
download a white paper on  How
TM1 Facilitates Compliance With The Sarbanes-Oxley Act
(pdf
2.6MB).
Our Approach:
Our experienced consultants work with you to identify the
best solution for you. We'll help you:
- Learn the skills needed to maintain and develop the systems
to control your spreadsheets.
- Build a prototype - you can start with a low cost solution
and expand it as the need arises and your skills develop.
Benefits of Our Solutions:
- Our solutions produce results quickly without disrupting
the way you currently do business.
- Leverage your existing systems - you've invested time
and money in your systems and our solutions work with them.
- We work closely with you to build your system, rather
than build it for you which will result in a thorough understanding
of the various components of the solution.
- Short learning curve - because our solutions are Excel
or web browser based, you're most of the way there already.
Keep using what you know and like - Excel.
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