“It’s time to consider transforming informal and flawed data governance efforts into formal data governance programs ... Supplementing management with governance will make [management's] jobs easier, will help satisfy advanced compliance requirements, and will help protect the integrity of your corporate data, which is what SOX is all about.”
- Gwen Thomas, z/Journal
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GeoBooks On Demand is designed and built with today's strict compliance requirements in mind.
Sarbanes-Oxley (SOX) compliance
Today's Chief Financial Officers need to trust the numbers behind the financial statements they are certifying. That's why GeoBooks On Demand provides complete before-and-after snapshots of all database changes as a standard capability. Most ERP packages retain only the timestamps and user IDs for the most recent update, but this does not meet today's expectations for transparency. With GeoBooks On Demand, IT managers and CFOs alike can rest assured that full database auditing is always on.
Using the workflow capabilities of GeoBooks On Demand, together with its built-in role-based access controls, it's easy to implement Segregation of Duties (SOD) policies so no single person can initiate, authorize and monitor a critical transaction from start to finish. You can use these features to prevent fraud by individuals and deter fraud requiring collusion between several people.
National audit, tax and regulatory compliance
Transnational businesses - whether small, medium or large - need to comply with U.S. GAAP, international accounting standards (IAS) as well myriad national rules and regulations. Some companies run "localized" editions of standard ERP products for specific countries, while others run completely different ERP packages in each country or make do with off-line solutions like spreadsheets. These approaches are difficult to implement, costly to maintain and potentially impair the integrity of your corporate data. Using one configurable software application and a single database, GeoBooks On Demand offers a completedly integrated and fully-functional solution to this complex and challenging problem.
Here's how GeoBooks On Demand supports these requirements:
