Organizations are continuously evolving their SOX practices to become more efficient and manage costs. However, the SOX hours and control counts continue to increase. A closer look at SOX practices reveals the lack of innovation in the process that is limiting the desired improvements. This underscores the need for organizations to assess where and how they can leverage analytics, RPA, machine learning and more in their SOX compliance process.
Emerging tools and techniques are enabling fresh approaches to assess risks and to test controls. To meet the everchanging business dynamics and regulatory scrutiny, many companies are looking to modify the way they manage internal controls as part of their Sarbanes-Oxley Act (SOX) implementation.
Our end to end digital transformation of the IT SOX Audit process helps business and IT risk owners reduce costs, increase efficiency and compliance. Services cover:
SOXET is an automation framework built to support the end-to-end SOX audit and compliance process to extract, prepare, operate, post validate, and close controls. It acts as a central repository for all IT Control audit tracking, storage of accounts and SLAs with automated rule driven segmentation, closure and workflow enabled with a dashboard for auditors and control owners.
SOXET provides up to 50% efficiency thereby increasing speed, reducing cost and increasing accuracy while ensuring audit reference are easily accessible.