SAP today announced its newest solutions to help companies align their business processes and IT systems for corporate governance compliance with the U.S. Sarbanes-Oxley Act (SOA). Building on the inherent control principles and existing capabilities for SOA compliance in mySAP Financials and mySAP ERP, SAP has added new functionality for the management of internal controls and whistle blowing, and enhanced the solutions Audit Information.
Some companies are using process control and compliance as the rationale for consolidating ERP instances, said John Hagerty in the AMR Research Alert, CFOs Say Its All About Process and Internal Controls, March 21, 2003. Standardised process and common controls will reduce exposure to diverging business practices between divisions and geographies.With SAP Compliance Management for Sarbanes-Oxley Act, SAP combines its new and existing financial compliance functionality, leveraging the integration capabilities of mySAP Financials.
Due to SOAs broad impact across business operations, the financial compliance offerings in mySAP Financials, as well as SAPs comprehensive enterprise resource planning solution mySAP ERP, are designed to integrate with further mySAP Business Suite solutions such as mySAP Customer Relationship Management (mySAP CRM) and mySAP Human Resources (mySAP HR).
2003-11-03
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