Incorporated in 2002, Sarbanes-Oxley Act or SOX has become the dominant regulatory requisite for most US-based organizations.
Section 404 in the SOX Act, plays a significant role for CFOs as they are required to account the adequacy of the company's internal control on financial reporting functions. Since for all companies Procurement and AP teams manage a major chunk of financial transactions, CPOs need to establish verifiable records certifying procurement processes as SOX compliant.
With this as the background, this whitepaper explores the SOX Act in procurement based on the following:
- Role of technology in compliance
- Technical controls and visibility provided by Zycus software suit
- Zycus remedy to common SOX risks
Be Prepared With SOX Compliance
Compliance and regulation needs can vary. SOX Compliance particular can be daunting. Watch how Zycus Source-to-Pay suite provides a superior purchasing experience while ensuring data security and transparency.
