Sarbanes-Oxley Night Sweats?
Join the Club
Written by Justin Sapp, Business Process Analyst
If the accountability requirements of Sarbanes-Oxley keep you up at night,
you're not alone. In a survey of influential business line managers and
senior executives from some of the nations leading companies, 73 percent
of respondents stated that they are concerned about the processes, tools
and methodologies used to track performance as a result of
Sarbanes-Oxley.
The survey, conducted by the non-profit Business Performance Management
(BPM) Forum, sought to determine key factors driving business
performance initiatives among its more than 230 member organizations.
Despite the obvious weight Sarbanes-Oxley carries, only 22 percent of
respondents cited corporate governance as a driving factor for
performance accountability; whereas 68 percent considered increasing
revenue and optimizing profit to be the driving factors and 61 percent
named challenging marketing conditions. (Respondents could select
multiple answers to each question.)
I see this as a positive indicator, said Alberto Garza, CEO of PMC
Solutions. It shows that people are interested in improving processes
for the right reason to improve their business rather than to simply
comply with a legal requirement.
Whatever the driving factor, companies are clearly concerned with their
ability to maximize and track performance. A full 95 percent of
respondents said that they are somewhat or extremely sensitized to the
need for better business process management. When asked about
impediments to success, 59 percent of respondents cited insufficient
processes, while 51 percent cited data collection systems.
PMC Solutions has developed a suite of services to help organizations
overcome these and other challenges to effective business process
management. From our fully customizable inProcess business process
mapping software, to our team of process management experts, we work
with our clients to improve their processes for better business
performance oh, yes, and to comply with Sarbanes-Oxley.
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