SOX Readiness Toolkit
Gundavelli said Emagia also offers built-in internal controls for Sarbanes-Oxley compliance around cash flow processes.

"Emagia's software has helped us achieve readiness for our Sarbanes-Oxley audit around receivables," said Bert McCuiston, head of credit, collections and cash management at Sygenta Crop Protection Inc, a $3billion agri-chemicals producer. "The system enforces our key internal controls around cash flow and, as a result, we received a grade of well-controlled by our internal audit team. We are now well prepared for our external SOX audit".

Emagia's SOX readiness Toolkit contains tools for organizations looking to assess their internal controls for receivables looking to assess their internal controls for receivables and payables, identify gaps in documentation and policies, and devise corrective action plans to address deficiencies. The contents of this toolkit include:

• An assessment tool for rapid evaluation of SOX readiness in the areas of credit, collections, cash application, receivables, payables, and cash forecasting.
• Sample narratives, flow charts and process diagrams to help companies attain SOX readiness for receivables and payables.
• Ready-made checklists geared to establishing and assessing internal control around receivables and payables.