Compliance, Sarbanes-Oxley
What about Sarbanes-Oxley (SOX)? Business Assurance replaces or extends existing SOX documentation. In the USA, leading companies this year alone have already invested over $500 million in Business Assurance software to earn back on the SOX investments they made.
Documenting and testing financial controls is the expensive first step to comply with the Sarbanes-Oxley Act (e.g. section 404) or any of the other corporate governance codes like Tabaksblat that have been published. Most companies already have documented and tested their controls or are in progress. Whether you already have documentation or not, Ba-PRO supports the documentation of your controls in accordance with the COSO framework.
Ba-PRO also supports the reuse of your existing control documentation by integration with your SOX tool or environment. More important though, Ba-PRO supports the step that will bring you money. Ba-PRO translates the controls into business rules for continuous control monitoring and Key Performance Indicator dash boarding. Ba-PRO connects the documentation with you, real live business for real benefits.