Tuesday, February 22, 2005

Sarbanes-Oxley, some more news

Last month I wrote my first posting about Sarbanes-Oxley, which mostly talked about all the requirements associated with this legislation. I also mentionned some IT solutions which could speed up the adoption process for SOX, well it seems that more and more ECM vendors are adding SOX support to their tools, well 2 weeks ago Stellent announced the release of version 7.5 of their content management solution which promises better support for SOX (Read some more about it on CMSWire).

Last week, one of business magazines here in Belgium, Trends/Tendances, had an article about Sarbanes-Oxley as well so I guess the interest in Sarbanes-Oxley is definitely hitting mainstrain. The comments about the implications of Sarbanes-Oxley definitely seem to be very varied:
  • Sarbanes-Oxley good for IT - in this article one of IT managers at Dresdner Kleinwort Wasserstein talks about how SOX has speeded up the effort to connect different information silos within their company. I definitely think that this will be the most important challenge of the coming years, we have developed a lot of different systems and now we have to find a way to connect these and to build upon current investments. This is why things like XML, web services, SOA and Information Bridge Framework are very important.

  • In Making Compliance Sustainable - I think another important lesson is shown - developing a solution which supports compliance efforts such as SOX should be embedded into the corporate vision about how you go about knowledge management, document management, records management, information life cycle management, etc... If you develop a solution for a specific problem it should fit into your global vision.

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