SOX Compliance Software

Solution & Benefits Lifecycle Related Regulations

SOX Compliance Software Lifecycle

The SOX compliance software lifecycle includes the following steps, all automatically enacted by the ProcessGene™ GRC Software Suite:

Compliance software step Compliance software activity
SOX context establishment
  1. Definition of SOX compliance related business processes
  2. Delineation of process diagrams (optional)
  3. Definition of assets within the SOX scope
  4. Standardization and documentation of SOX regulations, policies and procedures
Risk identification
  1. Risk description, identification of risk stakeholders
  2. Risk classification and determination of heat-maps
  3. Risk assessment and measurement
  4. Determination of Key Risk Indicators (KRIs)
  5. Risk tolerance determination
Control determination
  1. Definition of controls to mitigate identified SOX risks
  2. Assignment of SOX control owners
  3. Scheduling and monitoring SOX control execution
  4. Assessment of residual risk levels
Requirement management
  1. Requirement definition
  2. Automated requirement workflow management
  3. Requirement fulfillment monitoring
SOX audit and remediation
  1. Definition and scheduling of SOX audit plans
  2. Definition of mechanisms for testing ongoing SOX compliance
  3. Collection, analysis and storage of SOX audit results
  4. Remediation plan definition, execution and follow-up
SOX related incident management
  1. Incident recording
  2. SOX related incident handling (using scheduled workflows)
  3. SOX related incident analysis and reporting
  4. Incident monitoring and follow-up
SOX certification
  1. Hierarchal SOX certification process determination
  2. Establishment of an automated SOX certification process
  3. Monitoring and reporting SOX certification status
  4. Archiving SOX certification history
Multi-Org management
  1. Determination of a global SOX compliance baseline with mandatory components
  2. Establishing a workflow for examining local (subsidiary) variants
  3. Enforcement of enterprise guidelines, regulations and frameworks within subsidiaries
  4. Control SOX compliance level both locally (per subsidiary) and globally from a central HQ cockpit

The ProcessGene™ SOX Software Users

The ProcessGene™ SOX compliance software provides value to the following users:
  1. C-level management (CEO, CFO, CIO, CRO, COO)
  2. Board of directors
  3. Compliance officers
  4. Internal auditors
  5. SOX compliance managers



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