SOX Assistance
July 25, 2005
START Magazine

http://www.startmag.com/web/article.asp?ARTICLE_ID=1622

Seeking out software that enables compliance with regulations such as Sarbanes-Oxley (SOX) has become as common as looking for an enterprise resource planning (ERP) system, or any other type of basic necessity.

The Air France-KLM group, www.airfrance.com, Paris, France, has taken advantage of Paisley Consulting’s, www.paisleyconsulting.com, Cokato, Minn., software tool designed to comply with SOX, Risk Navigator. It is an automated solution that establishes companywide accountability to support ongoing and long-term compliance demands.

“Paisley Consulting delivers one of the most effective solutions for Sarbanes-Oxley related needs through its Risk Navigator offering. We are confident that working with Paisley consulting will further enable us to address our ongoing compliance needs,” says Patrick van Zuilen, program manager, global SOX team of Air France-KLM.

Also specific to SOX compliance, webMethods Inc., www.webMethods.com, Fairfax, Va., released webMethods for Compliance, a solution designed to verify the completeness, accuracy, and validity of transactions and processes in accordance with Sarbanes-Oxley, and other regulations.

webMethods for Compliance is meant to automatically monitor companies’ compliance control points—as opposed to manual monitoring and spot-testing to verify compliance agreement which provides limited predictability—thus cutting risks and costs associated with manual testing and controls. These processes are too fold as well, in that enterprises can use these as compliance investments while achieving continue process improvements at the same time.

“The monitoring, analysis and evaluation of internal controls is labor intensive, costly and often fails to flag issues in time to take corrective action, says Arnold Huffman, vice president, global strategic business solutions, webMethods Inc. “webMethods for Compliance leverages the proven capabilities of our business integration product suite to fully monitor critical business processes so that real-time alerts of potential and actual violations can be consistently enacted. Automation of this process is critical and can produce significant savings for the corporation.”