October 18, 2004
Even Marketing and Sales Functions are Affected by Sarbanes-Oxley
If revenue recognition is the number one violation in the SEC's Section 704 study, which it is, then it makes sense that the marketing and sales functions are deeply included in the internal controls review in any company. This function which has been more art than science, is now under the bright lights of internal control review.
See this excerpt to read more about the larger net Sarbanes-Oxley casts everyday:
"Deploying a CRM system that supports Sarbanes-Oxley compliance initiatives. Sarbanes-Oxley spans beyond financial business processes and will have an important, lasting effect on all customer-related processes, making the need for an integrated CRM system even more crucial. Because much of what transpires in the marketing and sales organization directly affects a company's financial picture, a tight link between CRM and financial systems is critical and will let managers automate process controls, monitor performance and ensure the development of an audit trail." Click here for the complete article.
To see how Issues Central Sarbanes-Oxley Compliance Playbook(tm) can aid your company in managing its Sarbanes-Oxley project rapidly and effectively, see www.issuescentral.com or call (416) 97-1496.
See this excerpt to read more about the larger net Sarbanes-Oxley casts everyday:
"Deploying a CRM system that supports Sarbanes-Oxley compliance initiatives. Sarbanes-Oxley spans beyond financial business processes and will have an important, lasting effect on all customer-related processes, making the need for an integrated CRM system even more crucial. Because much of what transpires in the marketing and sales organization directly affects a company's financial picture, a tight link between CRM and financial systems is critical and will let managers automate process controls, monitor performance and ensure the development of an audit trail." Click here for the complete article.
To see how Issues Central Sarbanes-Oxley Compliance Playbook(tm) can aid your company in managing its Sarbanes-Oxley project rapidly and effectively, see www.issuescentral.com or call (416) 97-1496.
