47% of US companies are reporting estimated costs of more than $10m to comply with Sarbanes-Oxley compliance. -- Financial Times, Mar 17, 2005
The cost, frequency, and magnitude of regulatory and business mandates associated with corporate governance and compliance have increased significantly in recent years. As a result, many companies are finding they need to change their plan for governance and compliance from a departmental plan or ad hoc approach to an enterprise-wide strategy.
Is your organization prepared to meet new regulatory requirements for the Sarbanes-Oxley Act, European Union procedures for MiFID, or new advisements from FASB and AICPA?
Q.Know Information Management solutions increases visibility and transparency of all information to effectively meet regulatory requirements, thus empowering employees and management teams with real-time tools and information - giving managers greater insight, control, and visibility into corporate practices, enabling them to make smarter, faster, and more accountable decisions.
Q.Know Benefits for Corporate Compliance
- Increase visibility - Create a single access point to all company-wide information sales, service, contracts, legal, clients, and more
- Gain greater control - Manage governance processes to an internal controls framework while increasing accuracy and quality
- Create efficiency: Ensure all information is available, easily retrievable and has complete audit tracking; provide workplace file sharing to improve decision-making
- Lower the operational cost of compliance: Reduce the cost of archiving and maintaining information files and records
The risks of non-compliance are even greater: SEC sanctions and prosecution, shareholder lawsuits, and negative publicity that can cause a company's share price to fall dramatically. To reduce risks as well as costs, companies are turning to information management solutions from Q.Know to increase control of corporate information.
To manage your corporate information more effectively and address compliance head-on, contact Q.Know today.
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