The Challenge:
SOX requires strict internal controls over financial reporting to prevent fraud and errors.
The Verity Risk Solution:
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Strict SoD Enforcement: Our platform enforces a strict Segregation of Duties (SoD) framework, ensuring no single user can initiate and approve a financial transaction.
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Fraud Prevention: By identifying and mitigating high-risk access combinations in real time, we drastically reduce the likelihood of fraud.
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Board-Ready Audit Trails: Generate comprehensive, board-ready audit reports in minutes that track every access-related action and justification.
Key Feature:
Use our pre-built library of 270+ rules to automatically flag SOX-relevant violations like "Conflict of Interest" in payment processing.
SOX Audit-Ready Checklist
Financial Integrity & Fraud Prevention in SYSPRO.
Define Segregation of Duties (SoD): Establish clear boundaries to ensure no single individual holds unchecked access to critical financial functions.
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Automate Transactional Monitoring: Use a rule engine to proactively identify high-risk access combinations in real-time.
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Secure the P2P & O2C Cycles: Drill down into specific risk areas like Procure-to-Pay and Order-to-Cash to prevent unauthorised payments.
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Prioritise Critical Violations: Assign risk ratings (Medium, High, Critical) to prioritise access violations based on their financial impact.
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Generate Board-Ready Reports: Produce comprehensive audit reports in minutes to demonstrate control effectiveness to stakeholders.