A Process Approach to Compliance

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Whitepaper: Sarbanes-Oxley Section 404 Compliance: A Guiding Framework using iGrafx SOX Accelerator

The Sarbanes-Oxley Act of 2002 ensures both corporate management and the public that financial reports generated by companies are accurate. This Act introduced broad-ranging requirements for companies of all types and sizes at all levels of process maturity. These requirements place new demands on key corporate executives and the resources involved in corporate accounting and reporting. iGrafx helps companies comply with the Act in a managed, controlled and cost effective environment.

Confidence through Process Management and Control

Understanding the complexities of and ensuring compliance with the Sarbanes-Oxley Act is not an easy task for most companies. For those companies that already have a process-centric culture, the effort to apply that structure to the requirements of Sarbanes-Oxley is not as daunting. However, for those companies that do not have a history of understanding their business processes, the effort to achieve compliance is much more challenging.

Sarbanes-Oxley presents an opportunity for companies to develop an integrated view of their business that is complete, accurate and up to date. To develop such a view, IT and business professionals must work together to ensure confidence in the final outcome. With iGrafx, companies can confidently develop an integrated view of their business processes and information flows including risk and control points that are necessary for compliance.

iGrafx solutions have been helping companies improve process efficiencies for nearly two decades. With the increase in regulatory compliance requirements, companies now have a mandated catalyst to becoming process-centric organizations. iGrafx can help companies meet the requirements of Sarbanes-Oxley in a structured, controlled and secure way.

iGrafx offers a complete Sarbanes-Oxley solution that puts ease of use, capabilities and security where they are needed. Through its modular architecture, companies can ensure that process owners, IT and compliance specialists have the tools they need to contribute to process excellence, without unnecessary capabilities or uncontrolled access that could create conflict with the requirements of the act.

iGrafx also enables companies to integrate their Sarbanes-Oxley requirements with their other process-improvement initiatives such as Six Sigma, Lean and Enterprise Architecture. By providing a single process excellence platform, iGrafx helps companies leverage their efforts to document, improve and manage business processes to deliver superior return on investment.

iGrafx Sarbanes-Oxley Solutions enables companies to:

• Comply with section 404 requirements for documenting processes through visual process maps
• Ensure accuracy and consistency of models with a metadata repository
• Ensure model validation through customizable approval steps
• Ensure document access control through advanced security
• Achieve wider adoption through strong usability

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