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 In the wake of corporate scandals throughout North America, companies must demonstrate their full control of business operations and financial reporting to regulators and the public.
As a result publicly traded companies face significant challenges in demonstrating effective management control of critical processes and information and required by Sarbanes Oxley and related legislation:
- Provide effective document and records management infrastructure to ensure protection and safety of corporate and client information
- Archive “point in time” reports and records to provide an accurate summary of transaction details
- Make available complete information regarding records and document access requested for auditing purposes
Data Repro Com (DRC) ensures fidelity, accuracy and accountability of corporate and financial information:
- Convert paper based files supporting financial transactions into digital format using DRC’s scanning and indexing services
- Automatically distribute and archive key financial data and reports through DRC’s ERM/COLD solution linked with relevant documents and records
- Report on complete document access history to support audit requests using the DRC-ifile solution or turnkey imaging and compliance solution from DRC
DRC’s Compliance solutions provide many strategic benefits:
- Reduced cost of meeting compliance obligations
- Reduced financial risk, reputational harm and cost of financial penalties
- Lower cost of auditing and research with immediate access to financial reports and supporting information
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