We have been asked by a number of existing and prospective clients about Sage’s compliance with SOX so we thought we would write this short blog and create a downloadable guide for you. We hope it helps.
What is SOX?
While the details of the Sarbanes-Oxley Act are complex, “SOX compliance” refers to the annual audit in which a public company is obligated to provide proof of accurate, data-secured financial reporting.
The Act that was passed in 2002 to restore confidence in financial reporting and protect investors from fraudulent activities. All publicly trading companies that do business in the US must comply with SOX and must be able to document, monitor and review internal accounting and auditing procedures, fully disclosing problems as they happen. Even for privately-held businesses – the best practices and controls set out by SOX can greatly benefit the company.
Does Sage X3 support SOX?
In short, the answer to the question is – yes, it does.
Sage X3 is a fully integrated ERP with one common database that delivers out-of-the-box capabilities that enable organisations to be SOX compliant. It also has configuration capabilities that can transform functionality to meet your specific processes and requirements for regulatory compliance.
Key features of Sage X3 that aid SOX compliance:
- Visual Process Flows
- Robust Security
- Financial Reporting
- Business Intelligence
- Electronic Signatures
- Alerts & Notifications
Download our FREE guide for a breakdown of each of these features and learn why they make SOX compliance easier! Just simply click the button below to view.
Author: James Mitchell
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