Sarbanes-Oxley software Biztrol
Internal Control Management System

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Sarbanes-Oxley automation
Background
The Sarbanes-Oxley Act was passed by the U.S. Congress in 2002, in response to several prominent corporate financial scandals. This act requires company management to establish and maintain “an adequate internal control structure and procedures for financial reporting” and to have “an assessment, as of the end of the most recent fiscal year of the issuer, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting.” In order to comply, companies have to formally implement and audit all internal processes and controls used to generate financial reports. Sarbanes-Oxley compliance has been a major endeavor for U.S. public companies since 2004.

During the initial compliance cycles, there was no application specifically designed to automate the Sarbanes-Oxley compliance tasks. As a result, most companies relied on desktop productivity tools, document management systems, and general-purpose collaboration tools to meet the requirements. Unfortunately, this is a labor-intensive and expensive approach that requires substantial recurring expenses.

The Next Generation
Finally, a new application specifically designed to automate the Sarbanes-Oxley compliance tasks is available.

Biztrol Internal Control Management System is a software application that has been specially created by a team of financial and computer professionals, including some of the best domain experts, to automate the labor-intensive tasks of Sarbanes-Oxley compliance. This intelligent application is organized to help you collect all of the internal control data that you need to document for Sarbanes-Oxley compliance, it guides you through these tasks using the workflow process, and then it correlates the relationship between the data collected and the information that you need to submit. Biztrol Internal Control Management System generates your internal control documentation in Microsoft Office file format to meet the Sarbanes-Oxley audit requirements.

Benefits
By using Biztrol Internal Control Management System, you can reduce manual effort, reduce manual errors, and reduce project risks while you optimize the design and operation of your internal controls.

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