OpenPages SureStart Provides Support in Meeting J-SOX Compliance Regulations
OpenPages®, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced the availability of OpenPages SureStart, a software solution package that helps organizations meet J-SOX financial requirements by providing a packaged solution of software, services and training that empowers organizations to make J-SOX compliance sustainable and repeatable.
OpenPages SureStart combines the flexible architecture of OpenPages® FCM, the market-leading software solution for compliance with the Sarbanes-Oxley Act and similar worldwide financial reporting regulations, with the expertise of OpenPages’ professional services organization.
The SureStart software solution includes:
A diverse library of documentation control frameworks (processes, risks and controls) that can be leveraged to accelerate a company’s documentation efforts.
Powerful, real-time reporting capabilities that enable visibility into the current state of a company’s documentation effort.
Data import tools to accelerate the loading of existing controls documentation seamlessly.
Training sessions for business users and administrators to enable immediate adoption and use of OpenPages FCM.
OpenPages SureStart solution has been designed to accelerate companies’ “time to first year compliance” with J-SOX while enabling visibility and clarity during this journey. These capabilities and best practices have been developed by OpenPages in partnership with hundreds of companies around the world. Companies can also access the powerful workflow capabilities which enable sustainable automation for ongoing compliance from year two and beyond.
The OpenPages SureStart methodology delivers a defined process for companies to assess the technical and service requirements for J-SOX compliance, conduct a company-specific assessment to identify any unique requirements and complete the FCM installation and deployment.
Although officially scheduled to go into effect in April 2008, Japanese-based companies have already began to realize the benefits associated with implementing a streamlined compliance solution to help meet mandatory J-SOX regulations. Softbank Corp., an integrated digital information services company, recently announced that it had selected OpenPages FCM to help strengthen controls related to financial reporting compliance and to significantly improve operational performance and efficiency, ensuring better results as it works to meet imminent J-S0X requirements.
“With the introduction of J-SOX in 2008, organizations are confronted with the challenge of meeting new financial reporting requirements in an effective and efficient manner,” said Michael J. Duffy, president and CEO of OpenPages. “Relying on manual procedures for J-SOX requires significant efforts while the costs associated with meeting these regulations increase the potential for errors and failure to provide management with a holistic view of the state of J-SOX compliance. OpenPages SureStart provides the guidance and clarity needed for organizations to appropriately meet these unfamiliar financial regulations through automation, rapid implementation and key technical training that allows organizations to successfully meet their compliance goals.”
OpenPages® FCMSM is the market-leading software solution for compliance with the Sarbanes-Oxley Act and similar worldwide financial reporting regulations. Leveraging a core, shared-services and open architecture, OpenPages FCM automates an organization’s entire compliance lifecycle – from design and documentation, through test, review, approval and certification. Combining full document management with interactive reporting capabilities, OpenPages FCM makes compliance procedures more effective and efficient while providing executive management with clear visibility into the state of the financial controls and assurance that the organization is meeting its compliance requirements.