Help for Sarbanes-Oxley

With its launch of a corporate governance platform for its flagship product Livelink, Open Text says it gives companies a single system to manage critical information and collaboration in the face of Sarbanes-Oxley regulations.

The Livelink Corporate Governance Platform for Sarbanes-Oxley offers a Web-based regulatory compliance infrastructure that companies can deploy quickly to track, report and manage the regulatory processes associated with corporate governance.

Open Text says its platform integrates Livelink’s collaboration tools, auditable workflows and process controls, document and records management, e-mail management and certification and training delivery. Further, it claims, Livelink’s open architecture and Web interface make it easy to deploy and integrate with existing financial systems, as well as adapt the system to changing regulatory requirements.

Open Text says it provides an integrated enterprise platform designed to help companies with key requirements of Sarbanes-Oxley, including:

• process control documentation and monitoring;

• accelerated deadlines for 10K and 10Q disclosure filings, combined with more rigorous requirements for supporting documentation;

• training and certification to ensure that board members, executives and employees are fully aware of the latest policies and procedures;

• whistle-blower provisions, which require audit committees to have an independent and anonymous process for receiving and managing complaints; and

• consistent records retention and disposition practices for both released documents and working papers.

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