DigitalDrawer Improves Sarbanes-Oxley Compliance
Controls Within DigitalDrawer
- Provides permission-based user authentication to prevent unauthorized access and modifications to specific documents
- Tracks all user activity within the system from the time a user logs in to the time that they log out
- Provides specialized version control technology to prevent users from making undocumented changes to company information
By using DigitalDrawer to manage all of your business documents, complying with the Sarbanes-Oxley standards will be easier and more efficient that you ever imagined.
The Sarbanes-Oxley Act of 2002 was established as a response to the corporate accounting scandals that were uncovered at Enron and WorldCom, among others. The Act established stringent financial reporting requirements in an effort to safeguard outside investors from corporate fraud.
As it relates to document management, Sarbanes-Oxley requires that a public company have processes and controls in place to ensure the accuracy and integrity of all financial records.
A document management software system in itself cannot make a company Sarbanes-Oxley compliant, but it can help make this process much easier and efficient. Not all document management software systems will aid in compliance, however. In order for a document management software system to improve a company’s compliance with Sarbanes-Oxley, the system must have measures in place to authenticate each user who accesses information and track the steps that the user makes within the system.