Sarbanes-Oxley Compliance

Sarbanes-Oxley Compliance Challenges Enterprises

Compliance with the reporting requirements of Sarbanes-Oxley legislation initially seemed daunting to executives charged with maintaining performance. Documenting internal processes, creating transparency and providing accurate reporting all generated costs that threatened to impact the bottom line. But as enterprises worked toward compliance, many discovered business intelligence tools that not only aided their reporting for Sarbanes-Oxley but exposed inefficiencies in the organization that, when corrected, ultimately improved transparency and performance. For software that provides extraordinary benefits to the enterprise—and makes Sarbanes-Oxley compliance easier—many of the world's most savvy companies turn to Cognos.

Cognos Provides Tools for Efficient Compliance with Sarbanes-Oxley

Cognos offers a suite of applications that provide enterprises with a range of tools to manage all the phases of corporate performance management and Sarbanes-Oxley compliance. Cognos helps enterprises unify data across all areas and deliver a single view of “the truth” to stakeholders. Improved data accuracy increases efficiency company-wide and reduces errors. Cognos also identifies the overlapping information needed for reports and inspectors, and deters the use of loopholes or misrepresentation that can threaten compliance. Cognos delivers effective financial process definition and tracking for certification with confidence. And by automating the consolidation and reporting, Cognos helps to ensure that enterprises meet all Sarbanes-Oxley requirements on time.

The Hidden Benefits of Sarbanes-Oxley Compliance

While Sarbanes-Oxley initially created headaches for corporate officers, today many are seeing the value of addressing transparency and compliance requirements head-on. Any company that wants to become a major player in its field will have an increasingly larger pool of stakeholders with which communication and trust are critical. Cognos Scorecarding helps track and communicate objectives and metrics to all stakeholders throughout the organization. Cognos Business Intelligence provides critical insight into why an organization is performing as it is. And Cognos Enterprise Planning and consolidation allows the entire organization to participate in creating better strategic and operational roadmaps. Cognos solutions not only help to create trust with stakeholders, transparency in reporting, and compliance with Sarbanes-Oxley, they help to save money by doing the job right the first time.

For more information on Sarbanes-Oxley compliance with Cognos, click here.