Stop sweating SOx.
Your people may be everywhere, but all their SOx activity happens in here. Our Sarbanes-Oxley Compliance system provides 100% visibility and end-to-end workflow for every phase, task, and person in your global SOx audit. During all of this activity, you’ll know exactly what everyone’s doing, as they do it.
myCM simplifies or eliminates many of the complex, manually-intensive tasks that plague SOx projects. It's not surprising that our customers report up to a 50% increase in SOx project efficiency, while simultaneously improving company awareness, accountability and internal control effectiveness.
And all of this comes with myCM's Productive Simplicity, Passionate Service, and Premier Security.
Is it a good fit?
If you work on a SOx audit, directly or tangentially, then this system was designed for you.
Our flexible features accommodate companies of all sizes, whether you are just starting your SOx 404 work or already have a mature SOx program.
When it comes to SOx compliance, one size does not fit all. That's why myCM supports a variety of audit methodologies, from traditional SOx projects --staffed primarily by Internal Auditors or external consultants-- to programs where process owners are more integrated into the overall auditing effort.
Features
Your SOx project touches multiple stakeholders across your enterprise, each with different needs and varying degrees of SOx sophistication.
So you need a system to satisfy all of them, with tailored functionality that enhances each of their activities. Below is a partial list of myCM features that do just that; categorized by the four most common SOx stakeholder groups: your Core Audit Team, Employees & Process Owners, Executive Management, and External Auditors.
SOx FEATURES BY STAKEHOLDER
For the Core Audit Team
Daily to-do list & alerts
Real-time status dashboards
Internal Control database
Universal updates to all RCMs and work papers with a single, centralized change
Compensating controls linkages
Version control tracking
COSO & CoBIT mapping
Financial statement line item integration
Risk assessments
In-scope selection tools
Narrative management & global updates
PBC List / document request automation
IT Systems database
ITGC linkage to IT Systems
Walk-throughs workflow
Test plan automation
Testing workflow
Remediation Plan automation
Remediation & re-test workflow
Deficiency assessment logic tree
Deficiency assessment workflow
SAD reporting
Evidence & document library
Certification form builder
Certification management
Query builder & reports
For Process Owners
Easy-to-use interface
Zero training for most users
Personalized to-do list
User-specific control self-assessments
Narrative reviews & updates
PBC List response workflow
SOD surveys
Optional CSA testing by process owner
Remediation activity workspace
Certification workflow
Rep. letter workflow
Alerts and reminders
For Executive Management
100% visibility globally
Real-time status dashboards
Drill-down summary trees
Personalized 1-click reports
Remediation accountability reports
Certification workflow
Optional ERM integration
Office of the Controller surveys with operational updates & change reporting
For External Auditors
Remote access
Review of all management assertions, testing and evidence
Sample source & size analysis
Full audit trail information
COSO & CoBIT framework review
SAD Analysis
Certifications review
PBC List / document request workflow
Query builder & reports
Project export for download
INTEGRATED MODULES
Risk Management
Controls Assessment
Document Request
Testing & Remediation
Systems Inventory
SOx Certifications
Deficiency Assessment
Queries & Reports
And all our solutions include...
What's my ROI?
Our secure cloud model allows us to deliver all of this in a cost-effective manner. In addition, before buying myCM, we encourage you to speak to our clients who have shared with us the following ROIs:
Up to 80% reduction in SOx project administration
Up to 50% reduction in external auditor review time
1/5th of the time required to run and analyze SOx reports
Up to 50% increase in operational audit coverage, due to SOx taking less time
1-2 FTEs that could be rolled off SOx and onto other critical projects
100% response rate for certifications and sub-certifications
Our clients also reported that myCM helped them reduce their backlog of un-remediated controls, and improve operational accountability at both the process owner and executive process owner levels; all while achieving their primary SOx goal of enhancing financial report accuracy for investors.
Your SOx solution is waiting.
Contact us to learn more about our Sarbanes-Oxley Compliance solution.
Page Credits - Photos: Unsplash - Melinda Pack, Craig Garner, rawpixel.com, Sarah Dorweiler, and Matthew Henry.
