The Sarbanes-Oxley Act of 2002, also known as the Public Company Accounting Reform and Investor Protection Act of 2002 has brought sweeping changes to agencies and businesses since its introduction a few years ago. Sarbanes-Oxley is concerned with the transparency and accountability of information, and presents new requirements for how public companies record, track, and disclose financial information. Firms must comply with these diverse regulations, depending on where, how and with whom they conduct their business.
In a perfect world businesses would have a single solution to manage such regulations, but since compliance crosses so many areas, the administration of SOX is managed from department to department. These new requirements are changing the way businesses operate and companies are looking for effective ways to not only meet regulations, but also to improve their business practices.
Support tracking software, such as the Novo Service Desk, helps to reduce costs and prevent violations from occurring. By allowing for enhanced management of both data and assets, and by creating a centralized mechanism for documenting, approving and sharing knowledge across organizations, the Novo Service Desk enables corporations to have their business processes clearly defined. The end result will be improved communications and a clear understanding of the path of best practices which will swiftly move organizations towards reaching their SOX compliance goals.
To learn more about how the Novo Service Desk software can help you implement project and document change management to facilitate compliance with Sarbanes-Oxley, please visit http://www.novosolutions.com/