Sustaining compliance with Sarbanes-Oxley presents a series of unique management challenges. Many organizations find it increasingly difficult, if not impossible, to fully comply -- without incurring significant operating costs and interference with on-going business-as-usual programs. In addition, external audit costs continue to skyrocket because of the increased demands by auditors to increase testing of high risk areas directly relating to financial reporting. And then there is the cost of damage to corporate reputation and share price when companies file material weakness statements regarding the ineffectiveness and sometimes failure of their management control framework.
Unlike any other regulation, SOX compliance requires a constant and mindful management focus. It is not an event. Sarbanes-Oxley compliance requires commitment, persistence and, most important, a comprehensive system for managing the on-going assessment of financial risks and controls. Companies, both large and small are now finding that investing in the right infrastructure is a critical success factor for meeting the challenges of Sarbanes-Oxley.
Alinion Sentinel is the leading industry solution for providing a comprehensive management framework to comply with Sarbanes-Oxley. Our software-as-a-service solution automates your entire SOX compliance program from beginning to end, with powerful management and monitoring of the business systems and control activities you have put into place to govern your compliance initiative. It is easy and cost effective to implement and easy for all your employees to use. With Alinion Sentinel, you take control now of your entire Sarbanes-Oxley program.
Sentinel fully leverages the investment organizations have made in consulting programs to define the systems and controls they must manage. In one secure environment, companies can fully automate all of their assignments, control assessment and audit testing. In addition, Sentinel provides a central repository for managing the thousands of documents that organizations must organize and control to meet the stringent reporting requirements of SOX.
In addition to providing a more efficient and effective management solution, Alinion Sentinel will help you significantly reduce the operating costs of your compliance program. As proof, look at the cost savings generated by an Alinion client, who reduced the hours required to test their controls by 60 percent in the first year of using Sentinel – while increasing the amount of testing by 25 percent.