Compliance –

Without a doubt, the Sarbanes-Oxley Act is the single most important piece of legislation affecting corporate governance, financial disclosure and the practice of public accounting since the US securities laws of the early 1930s. And, it is clear that public companies and the accounting profession have made tremendous progress in meeting the rigorous requirements of this legislation.    Are you compliant?

Document Management alone will NOT make you or your organization compliant. Document Management and the conversion of documents to digital formats are technology enablers. Your compliance officer may use digital documents to control, secure, audit and retrieve your business documents when called upon for disclosure. 

Consequences for failure to disclose in a timely manner may result in significant fines, and or imprisonment of corporate officers.

If this does not get your attention, read the national papers!

Additional regulatory and compliance laws and Acts that may affect your corporation include:       

• Sarbanes-Oxley (Regulation #302 & 404)

• DoD 5015.2 (records management standards)

• ISO 15489

• HIPAA

• Gramm Leach Bliley Act

• Patriot Act

• Privacy Act

• FTC, Safeguards ACT

 Call on us to convert your business documents, enabling control and security, we’ll earn your business and trust one page at a time!

What is the opportunity cost around regulatory compliance?

Answer:  We have company data that tells us for every $1 spent on paper we incur $10 to the organization from a total cost of ownership perspective.

$360 billion - Amount U.S. businesses spend annually turning information from the documents they receive every day into something they can use to run their businesses.

Source: Gartner Group

An average organization:
Makes 19 copies of each document.