Recent development in the international economy has been changing the landscape of bookkeeping rules and regulations. The Sarbanes-Oxley Act drastically changed top managements responsibility and accountability. Guidelines became rules and laws. Violaters now run the risk of imprisonment. Putting trust in procedures 'how things are supposed to happen' is not sufficient anymore. A solid, documented and accessible internal control structure isn't a luxury anymore either.
Not only accounting personel is affected by new policies and procedures. All employees need for their area of responsibility insight and help in monitoring critical checkpoints. An information system helps greatly in performing automatic checks and monitoring, but ultimately not everything can be automated. Deploying knowledge regarding specific risks and ensuring that procedures to prevent or control these risks are performed consistently, is a task that belongs naturally to the process management space.
Countless analyst reports have been published in the recent past with strong statements about the importance of Business Process Management solutions to reach compliancy. An AMR Study stated "Looming active compliance and enforcement (...) will require Business Process Management (BPM) software for short and long-term compliance."
Over the years, EZ-Process has proved to be a stable and complete solution for Modeling, Publishing and Workflow execution of Business Processes. This experience now has been used to help our customers to reach compliance with the Sarbanes-Oxley Act and COSO framework. Business controls can be added - like checkpoints - to processes, to implement internal controls in the context of the process. Multiple checks can be performed automatically, to avoid potential risks and to ensure proper segregation of duties. And so helping employees, giving back to management the time to manage, and impressing auditors.
|
Customer Quote Don Morren, Manager DEM/Process Management, Herman Miller |