Compliance
Overview
Regulatory compliance standards, such as the Sarbanes-Oxley Act (SOX), require better corporate governance.
The corporate SOX compliance requirement can be satisfied through better performance management and compliance software from IBM. With compliance reporting software, you can provide trusted and timely regulatory compliance information for all stakeholders.
Trusted results and Certification
"Key figures in our planning processes need to be integrated with other important data, such as financial and non-financial data that has been reported and processed using the IBM Cognos consolidation solution," says IBM customer Vin & Spirit Group.
Information ready for disclosure Business intelligence identifies the overlapping information that needs to be available to inspectors and reports, says Bank Systems and Technology Magazine. "When making efforts to comply with Sarbanes-Oxley, for example, BI tools deter the use of any loopholes or misrepresentation of data before a CEO can sign off on the data and attest that it is correct."
Timely reporting
IDC reports that delivering timely external results to comply with regulations such as Sarbanes-Oxley and IFRS has put software supporting these processes high on the corporate agenda.
"Cognos has made a commitment to providing solutions that complete this vision for financial executives, and it is well positioned with a best-in-class suite of products, coupled with its BI solution, to deliver an integrated, strategic approach to performance management and reporting."
More: Benefits and Value
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