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SOX

SAP SOX Compliance Problem

Created as a response to the accounting scandals that occurred at major corporations in 2001 and 2002, the Sarbanes-Oxley Act (SOX) requires that publicly-traded companies ensure their internal business processes are properly monitored and managed. Financial reporting processes are driven by IT systems, so IT needs to be configured securely and maintained properly. The Securities and Exchange Commission (SEC) has identified five areas that need to be addressed to meet SOX internal control requirements and support SOX compliance; two of them are risk assessment and monitoring.

Typical solutions like Vulnerability Management tools rarely address SOX requirements at the application layer and access to particular functionality inside such applications as SAP. This means your business is not protected the way it should be.

SAP SOX Compliance Solutions

If your company is publicly-traded, we can help you with SOX compliance in ERP systems and mission-critical applications. ERPScan, the multi-layer security monitoring suite for SAP and Oracle applications, takes care about business and technical layers, controls security settings in various systems, and analyzes them according to compliance guidelines. ERPScan enables companies to address SOX compliance challenges and significantly reduce the costs of compliance. Using ERPScan's preconfigured templates for SOX compliance, companies can customize, assess their systems against SOX requirements, and monitor those areas on a scheduled basis. Review compliance with any level of detail and easily provide evidence to external auditors that an internal control is implemented.

Advantages:

We have preconfigured and customizable templates to check security regarding:

  • SOX compliance controls
  • TOP 20 SoD controls
  • ISACA Guidelines for Revenue, Expenditure, Inventory and Financial Accounting, and Fixed Assets

ERPScan Security Monitoring Suite for SAP was awarded the Best Solution for SOX Compliance at Hot Companies and Best Products Awards 2015 and distinguished in IT Products and Services For Enterprise at Hot Companies and Best Products Awards 2014 along with 25+ various other awards.