Cleveland (Sept. 20, 2004) -- Professional services firm Jefferson Wells International has partnered with Axentis, a provider of risk and compliance software, to launch an integrated Sarbanes-Oxley solution that provides end-users with a real-time “defensible” audit trail.


Terms were not disclosed.


According to the companies, the joint solution ensures “timely and educated decisions” with regards to Sarbanes-Oxley compliance and one that “favorably” impacts shareholder value. In addition, the concerns said that the product helps companies streamline their SOX compliance budgets after the first-year costs by streamlining the process via features such as period management, a flexible and configurable control framework, dashboards, real-time reporting, and knowledge management.


“Companies have been taking a short-term approach to addressing the challenges of Sarbanes-Oxley by utilizing spreadsheet or repository tools,” said Ted Frank, chief executive officer at Axentis. “Organizations should instead approach [Sarbanes-Oxley] in the same way they approach their monthly close by monitoring ongoing compliance. This approach is avoids manual, time-intensive yearly updates.”


-- WebCPA staff

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access