Overview
With the introduction of Sarbanes-Oxley (SOX) and similar worldwide financial reporting mandates — including Turnbull in the United Kingdom, JSOX in Japan, the Loi de Sécurité Financière (LSF) in France, and CSA Notice 52-313 in Canada — organizations are beginning to experience even greater financial reporting compliance burdens that add to the complexity and interrupt the flow of streamlined business operations. As the regulatory environment continues to evolve, organizations that create flexible, sustainable, and repeatable financial controls compliance infrastructure will find themselves well-prepared to meet new challenges.
OpenPages Financial Controls Management software makes SOX and SOX-like compliance procedures more effective and efficient through the combination of end-to-end document management, powerful workflow capabilities, and business intelligence and forecasting tools.
Key Features of IBM OpenPages Financial Controls Management
| Single Data Repository | A central source for all financial controls and compliance documentation including entities, processes, risks, controls, tests, and test results. Full document management provides check-in/check-out, version control, and comprehensive auditing capabilities for better control over the process. |
|---|---|
| Business Analytics & Decision Support | Dynamic dashboards, charts, and reports give insight into the state of financial reporting and compliance. Drill-down through sub-reports and in-context data for root cause analysis. Provides browser-based, ad hoc drag-and-drop report design. |
| Risk and Compliance Automation | Automatic notification and routing of activities such as design and operating review, risk assessments, control testing, issue remediation, signoffs, and certifications. |
| Microsoft® Office and Smartphone Integration | Microsoft Office and smartphone integration lets users collaborate and access data anytime, anywhere. |
| Fully Configurable | 100% configurable by business users, including forms, user interfaces, language, reporting, workflow, and system-wide settings. |
