Sarbanes-Oxley: Road to Compliance
Posted by shannonclark on February 16, 2004
This has to be an opportunity for JigZaw. We make software that manages a company’s contracts – whether with suppliers, customers or partners. It provides a centralized repository for contracts, with easy to use web tools to view and compare contracts at a clause level of detail. In turn, this allows for greater transparency and compliance monitoring of contracts – leading to the finacial controls (in part) that Sarbanes-Oxley requires.
Our newest product which we are just launching takes this one step further by incorporating models of contract compliance connecting the contract repository to the transactional/accounting systems of the company and providing an automated compliance audit. This provides a timely and powerful means of discovering potential risks, savings, and other key financial concerns buried within the ongoing transactions of a typical company (suppliers who owe rebates/discounts, customers that might demand rebates, unenforceable terms, contradictory agreements signed with different parties, purchases made to parties without a contract or with an expired contract or just outside of the terms of the existing contract, etc.
Now I have to get my message out there, work with partners to deliver our products and sell, sell, sell (and then deliver, deliver, deliver).