Many organizations are spending considerable time and effort to understand the requirements of Sarbanes-Oxley and manually prepare the necessary information for reporting, especially section 404. According to a recent META Group study, at least 20%-25% of companies audited will be found to have inadequate internal controls. In fact, real-time issuer disclosure requirements such as those contained in section 409 of the legislation may well prove to be some of the most onerous Sarbanes-Oxley challenges.

In terms of the cash flow processes (A/R, A/P, cash management), companies are seeing that transactions that affect the balance sheet are crucial targets of thorough evaluation under SOX regulations. Leading corporations have used Emagia's Enterprise Cash Flow Management solution to maximize free cash flow as well as facilitate key internal controls around cash flow processes.

The following table delineates some of the tremendous benefits of using Emagia's technology across cash flow processes:
 

Emagia Feature SOX Section 404 Internal Controls Cash Flow Process Automation Business Intelligence on Cash Flow A/R Management Reporting   Credit Policy Monitoring A/R Audit Trail Capability   Rules-based Collections Strategies   Workflow Based Dispute Resolution   A/R Segregation of Duties     Flexible Customer Correspondence   Real-time Cash Forecasting   Historical Transaction Analysis   Write-off approval processes   A/P Management Reporting   A/P Payment Audit Trail Capability   Rules-based Disbursement Scheduling   Workflow Based Dispute Resolution   A/P Segregation of Duties     Flexible Vendor Correspondence   Real-time Cash Forecasting   Historical Transaction Analysis   Approval-based Check Processing   On Demand Hosted Services Implementation       - Assessment       - Documentation     - Testing & Evaluation       - Internal Controls Checklist       - Gap Analysis

	Learn how to make your cash flow processes ready for Sarbanes-Oxley audits Register for Webcast Series Download SOX Readiness Tool-Kit