SOX Audit, Remediation & Compliance

The SOX IT Compliance Audit from iOPEX is an advisory service that helps IT Risks & Compliance teams at publicly listed companies to streamline risk mitigation in IT environment and provides program management across all controls that provides transparency, efficiency through automation & reduces effort costs by up to 40%. Our service is driven by a technology driven framework (SOXET) that enables end-to-end digital transformation of internal audit process.

Innovate and transform SOX Compliance

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.

iOPEX – your SOX compliance partner

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:

sox

SOXET - Automate your SOX processes

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.

sox

Features of SOXET

  • Connectors to external systems for extraction
  • Easy application of rules for classification and workflow triggers
  • Business user friendly for configuration of new systems/rules
  • Central repository of all accounts and evidence
  • In built dashboards for monitoring and reporting
  • Plugins available for external dashboards to be integrated
  • In built DB
  • Easy connection to external DBs through API
  • Approval/Rejection/Resubmit notifications automated
  • SLA driven notifications
  • Easy search and filter options on accounts/evidence/owners
  • FAQ/Announcements integrated for new users
  • Can be integrated with AD/SSO for security
  • Ability to define keywords for manual import of accounts
  • Easy connection to external vaults such as Google Cloud/Dropbox to store evidence

Value SOXET brings to you

    Time to Complete

  • Reduces time to complete due to elimination of a majority of manual steps
  • Easy application of rules for classification and workflow triggers

    Accuracy & Correctness

  • Increases compliance through rule-based automation and reduces errors
  • Single source of truth and audit logs for all controls

    Cost Savings

  • Lower costs through right shoring and reduction in manual efforts
  • Low cost of maintenance of technology

    CSAT

  • Frees up employee time to focus on core tasks and gives auditors more time for strategic tasks

iOPEX Technologies brings the right mix of compliance expertise and technology enablement to transform your SOX compliance processes.

iOPEX Technologies brings the right mix of compliance expertise and technology enablement to transform your SOX compliance processes.

Contact Us

Get in Touch

CONTACT US