The Sarbanes Oxley (SOX) Act of 2002 has forced companies to not only overhaul their financial control systems, but also meet much higher standards of proof and validation. The fact that CEOs and CFOs face stiff penalties for non-compliance has helped focus organisational minds on compliance issues.

Unfortunately, there hasn’t been a solution for a ‘best practice’ compliance environment - until now.

Comply4  is new and powerful software application for total compliance management. It’s a new class of Financial Compliance Process Management (FCPM) application that allows companies to achieve dramatic cost savings by reducing or eliminating error-prone temporary SOX measures.

Built ‘from the ground up’, Comply4 enables organisations to meet the strict requirements of SOX and similar regulations by automating the management and reporting of financial activities and controls. It combines powerful document management with flexible reporting capabilities in an extremely easy-to-use, Web-based environment.

Comply4 helps businesses automate significant aspects of their internal controls framework to significantly reduce the cost of compliance. Its flexible, configurable dashboards are designed for use by executives, project managers, documentation team members and internal auditors to plan, document and test the internal controls of a company - and ultimately to attest to the voracity of financial statements.

Comply4 is designed to manage all aspects of SOX documentation and testing and can deliver key information to management on demand. For organisations that have already obtained SOX certification, Comply4 organises existing processes into a more efficient and sustainable system. For businesses in their early part of a SOX project, Comply4 provides a ‘best practice’ compliance environment to reduce delays and increase the accuracy of the project.

Comply4 meets multiple compliance requirements, including: SOX302 and 404; COSO; COBIT, and PCAOB standard number 2.