SenSage
 |
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The need to track the actions of users inside a company has greatly increased the amount of data that entities must collect to ensure a complete view of all activity. |
Jim Pflaging
President and CEO
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SAS Institute
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The last decade has seen events that have broken the trust in corporate America and sparked a whirlwind of change in how we all do business. |
James Goodnight
CEO
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InfoStep, Inc.
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Companies have to increase the control awareness among the operational management and empower them for the ongoing governance activity. |
Sagar Anisingaraju
CEO
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Axentis
|
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Many companies are approaching compliance blinded by the pain, which drives them towards a solution-in-a-box approach for a too narrowly defined and over-simplified problem. |
Ted Frank
CEO
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IMERGE Consulting
|
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Relative to technology, Sarbanes-Oxley is both a curse and a blessing ? a curse, because technology is what made it possible to enforce SOX compliance and pass the legislation into law to begin with . . . |
Arthur Gingrande
CEO
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ZipLip, Inc.
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Hidden in the glare of other spotlights is the monitoring function, needed for continued compliance and effectiveness of controls. |
Kon Leong
CEO
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CharacTell Ltd.
|
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Perhaps the most serious aspect of Sarbanes-Oxley to management is that in order to comply, one has to prepare for, protect from, and even defend, the unknown. |
Paz Kahana
CEO
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Approva
|
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Complacency stems from those who view Sarbanes-Oxley as a "documentation problem." The reality is that Sarbanes-Oxley is a business problem ? and a business opportunity as well. |
Prashanth Boccasam
President and CEO
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Interwoven
|
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While control analytics address the structured data upon which compliance is based, significant unstructured data requirements remain. |
Martin Brauns
CEO
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Paisley Consulting
|
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The next challenge is finding a sustainable solution that distributes responsibility for monitoring of controls to the appropriate managers . . . |
Tim Welu
President & CEO
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ACL Services
|
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Characterized by high volumes of transactional data that are dispersed across multiple applications, the operational control environment is the most costly and difficult to document and test. |
Harald Will
CEO
|
Stellent
|
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Companies are quickly realizing the need to turn their resource-intensive Sarbanes-Oxley 404 "projects" into ongoing "processes." |
Robert Olson
President and CEO
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Cognos
|
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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. |
Rob Ashe
President and CEO
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Oversight Systems
|
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This ongoing monitoring of controls demands a new level of transparency into all transactions within financial systems. |
Patrick Taylor
CEO
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MetricStream, Inc.
|
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Without the use of enabling technology, such a manual approach would have to be repeated every year . . . |
Shellye Archambeau
CEO
|
SourceSentry, Inc.
|
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. . . the new challenge for CFO's today, is how to ensure that these outsourced programs will still comply with Sarbanes-Oxley requirements. |
Sridhar Balaji
CEO
|
Indus
|
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The shared challenge among all of these issues is the need to rapidly deploy solutions in order to meet the government-mandated time requirements. |
Greg Dukat
CEO
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Movaris
|
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A far more serious issue for corporations is the lack of mechanisms to monitor, enforce and improve controls. |
Eric Keller
CEO
|
Delinea
|
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Buy-in starts with education. Management must educate the organization regarding the importance of controls and compliance for legal compliance. |
Trey Swain
CEO
|
Thor Technologies
|
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One of the first and most critical internal controls that must be met is the ability to determine who in the organization has access to what, and why. . . |
Alberto Yepez
CEO
|
Axena
|
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The challenge at any point in time has reflected the maturity of the implementation process cycle . . . |
Frank Hailstones
CEO
|
Clearview Strategic Partners
|
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Even with all the internal controls, checks and balances and sophisticated technological solutions, it is still the human side of enterprise that . . . |
Ron Paquette
CEO
|
Vignette
|
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The most significant challenge is meeting regulatory requirements and implementing a governance best practices model while enhancing competitiveness. |
Thomas Hogan
President and CEO
|
Scientific Software
|
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The fact is, we see many public companies struggling to build a sustainable infrastructure of internal controls, supporting technology, and best practices. . . |
Soheil Saadat
President and CEO
|
ZyLAB North America
|
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The attention meter is on throughout corporate America to address SOX. |
Johannes Scholtes
CEO
|
Active Reasoning
|
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Ultimately, the external auditor has the final say on compliance requirements. |
Marv Tseu
CEO
|
Consul Risk Management
|
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Organizations are often fooled into thinking Sarbanes-Oxley is simply a technology challenge and installing one piece of software is the panacea. |
Joe Sander
CEO
|
netForensics
|
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For those in the thick of the compliance process, it has become clear that IT plays a significant role in internal control. |
Rajeev Khanolkar
CEO
|
OpenPages
|
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Turning Sarbanes-Oxley Compliance Into A Strategic Advantage |
Michael Duffy
President and CEO
|
Arsenal Digital Solutions
|
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Companies and their executives will bear the burden of proof to demonstrate that records or documents have not been intentionally or unintentionally altered or destroyed. |
Frank Brick
CEO
|
Appian Corporation
|
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Documenting, testing and evaluating the control environment was a daunting task when it was considered to be a one time event. With companies now realizing that Sarbanes-Oxley compliance is a continuous process, the task is even greater. |
Matt Calkins
CEO
|
Ecora Software
|
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Internal audit departments and financial management initially drove the compliance effort. However, once the scope of the Sarbanes-Oxley requirements were clearly understood, IT management became central to the compliance effort. |
Alex Bakman
Founder and CEO
|
Preventsys
|
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The most challenging thing about SOX compliance is the ability of an organization to align legal liabilities and IT security initiatives together with key business goals. |
Patrick Harr
CEO
|
Essential Security Software
|
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In today's age of growing security concerns and increased regulations, protection and control over internal and outbound financial data is a critical component of an overall compliance solution. |
Ray Zambroski
President and CEO
|
Trusted Network Technologies
|
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Nobody challenges the intent of the Act, rather they argue about the costly and unpredictable means to an ill-defined end. Nonetheless, the IT component must be automated (via Identity Management Tools) and made real-time so that in year two, the IT audit results can be computed in seconds rather than in millions of dollars. |
Steve Gant
Founder & CEO
|
Object Management Group
|
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The unclear and shifting interpretation and impact on IT systems create an "unfunded mandate" on the CEO, CFO and CIO to keep up constantly as the rules get clarified. |
Richard Soley
Chairman and CEO
|
Privacyware
|
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Grinding through the complicated and financially burdensome determination and implementation phase and reaching the point where the SOX framework of systems, controls and policies becomes transparent to the business as a whole and can be effectively leveraged to consistently capture measurable competitive advantage. |
Gregory Salvato
CEO
|
170 Systems
|
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While the rush to achieve initial compliance has passed, companies are still faced with the relative complexity of their financial business processes. |
Dave Ellenberger
President and CEO
|
Elemental Security
|
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Organizations have to adopt much more efficient processes to provide easy, timely access to relevant compliance information. |
Peter Watkins
CEO
|
Voyence
|
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What organizations need today, more than anything, is a way to automatically, easily and instantly know whether they're operating in compliance. |
Susan Nash
President and CEO
|
CopperEye
|
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Adapting ILM principles to regulatory realities is an important, critical step. |
Kate Mitchell
CEO
|
Manakoa Services Corporation
|
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Best results are achieved by combining people, policy and technology. |
Robert Williams
CEO and Director
|
Radware
|
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Technology is implemented to safeguard the network and critical applications in order to focus on servicing customers and generating revenues. |
Roy Zisapel
CEO
|
StillSecure
|
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I see two primary challenges. The first is extracting technical requirements from non-technical regulation and the second is synchronization of departments. |
Rajat Bhargava
CEO
|
Business Propulsion Systems
|
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SOX's biggest roadblock within a large organization has to do with the shift in culture that involves thinking of your job in terms of risk to the organization at large. |
Mark Opausky
CEO
|
Rivet Software
|
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Improvements in the way financial data is reported and maintained gives a boost to both investor confidence and public perception, but it is imperative that businesses put in place tools that make Financial Integrity Management cost effective and efficient. |
Mike Rohan
President and CEO
|
Hummingbird Ltd
|
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The real Sarbanes-Oxley challenge for publicly-traded companies is the additional level of introspection and process review needed to demonstrate that legally-mandated corporate governance programs have been established. |
Barry Litwin
President and CEO
|
Breach Security
|
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This is a challenge which isnt taken seriously enough, except by those unfortunate companies who have had to deal with the problem in the past. |
John Payne
CEO
|
BasWare
|
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When companies have a complete record of each invoice, they can easily uncover fraud or overpayment and can ensure that checks are approved correctly and assigned to the right cost centers. |
Illka Sihvo
CEO
|
Emagia Corporation
|
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An Emerging Area of Focus for SOX Compliance Credit Risk and Receivables Management |
Veena Gundavelli
CEO
|
