Reportable, Flexible, Efficient...
Publicly traded companies and SEC registrants are all too familiar with the obstacles associated with Sarbanes-Oxley compliance efforts. Most executives and auditors who endured the rigors of Year 1 compliance will agree that just gaining an understanding of the requirements imposed by the legislation and the external audit forms has been a monumental task in itself. The lack of an affordable, flexible compliance tool tailored toward Sarbanes-Oxley compliance has only compounded the problems associated with this costly, time-consuming effort. With few options available, most organizations have been left to their own devices, being forced to rely on a system composed of nothing more than volumes of unrelated spreadsheet, word processing, and text files stored on a corporate file share. This process is inefficient, insecure, and inaccurate and it provides little chance of recognizing opportunities for business-process improvements.
 
Complyant's goal is to solve these problems with a web-based tool that has extensive reporting capabilities, version control, document management, automated decision trees, and a simplified end-user interface. The tool is much more than just a document management system or a generic audit database that has been repackaged to capitalize on Sarbanes-Oxley. It was built specifically for internal controls auditing and it brings full version control and structure to the audit process while providing templates filled with content that is relevant to a company's industry. Complyant can be used for companies that are managing their internal controls audits, companies preparing for an external audit, or consulting or auditing firms that are conducting controls audits on behalf of their clients. For each situation, the tool will increase accuracy, enable extensive reporting, provide audit guidance, and reduce manual labor resulting from the maintenance of volumes of unrelated Word and Excel documents that must be carried over from year to year.
 
While Sarbanes-Oxley has been a burden for most companies, it can also provide opportunities for business-process improvement. We built the tool with Sarbanes Oxley Compliance in mind, but we also built it in a way that our clients can also recognize opportunities for business process improvement and capitalize on them.