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Roundtable
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What is the single most challenging Sarbanes-Oxley issue today?
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Rob Ashe
President and CEO
Cognos
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We have to be honest: There is no out-of-the-box software solution for meeting the requirements of Sarbanes-Oxley, and frankly I think a lot of software companies are overpromising in this regard. SOX is primarily a process challenge, and to that extent the software companies best positioned to give companies relief in this area are those with strong partnerships with the auditing and consulting firms. Cognos has both the partner relationships and the technology that supports the required process change, technology that delivers accuracy and predictability throughout core financial processes.
It's important to keep perspective. Yes, there are regulatory pressures right now but in time compliance with SOX will be part of the normal course of business and CFOs will get back to their main objective, which is providing leadership in setting strategy and managing the financial performance of the business. That's ultimately what we promise CFOs help with.
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