SOX (Sarbanes-Oxley) focuses on holding CEOs and CFOs personally liable for the accuracy of company financial reports and the internal control processes used in the generation of these reports.
Since ERP systems play a major role in the collection and management of this data, many public and larger private companies require audit trails on critical data changes to help satisfy these reporting requirements.
The WorkWise ERP Data Journaling application allows users to select key data elements: potential areas of fraud, common errors affecting accounting data (e.g. cost or item control flags), and auditing changes by tracking the user/date/time of selected changes.
It also provides a set of analysis tools allowing for query-based selection of the audit data which it displays it in a grid format with pivot table-like tools. This journaling tool, combined with the existing security functions (Groups, Users, .Net security) and history reports, will create a comprehensive set of tools for companies to comply with Sarbanes-Oxley report and control requirements.
The Data Journaling analysis application allows the user to query what any journal did and analyze using a grid list format with pivot table-like functionality. Queries allow for: