The Sarbanes-Oxley Act (also known as Sarbox or SOX) was enacted in the United States on 30 July 2002 in order to strengthen corporate governance and restore investor confidence. The Act was a response to the financial scandals and corporate bankruptcies experienced by a number of internationally-prominent groups in the United States.

These scandals resulted in a great loss of confidence with respect to Corporate Reporting and have imposed the need to change the existing financial discipline to avoid market abuse and affirm Corporate Responsibility.

The Sarbanes-Oxley Act requires companies the certification of financial information and provision of appropriate internal controls for regularity of budget reporting. Regarding the Directors, a designated CEO and CFO is responsible for the content of financial information and budgets of companies. They are required to personally certify the accuracy of accounting documents and information disclosed to the market.

In addition, the Sarbanes-Oxley Act requires management to develop internal controls necessary to ensure transparency and traceability of financial information and deemed directly responsible for the preparation and maintenance of an adequate system of internal supervision for the information to the market.


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Tagetik delivers a unified software solution that can support Performance Management and Enterprise Governance, Risk & Compliance, Business Intelligence, Collaborative Disclosure Management.

Tagetik 4.0 creates value by simplifying complex business processes for CFOs and CIOs: budgeting, cash flow planning, statutory and management consolidation, cost allocation & profitability analysis, financial close & fast closing, dashboard & scorecarding, collaborative disclosure management, business intelligence and compliance/industry requirements.

Tagetik 4.0 is the solution to translate strategy into operations, manage and control overall performance down to business transactions and improve decision-making across the whole organization while achieving faster ROI and lower total cost of ownership (TCO).

Tagetik operates in 18 countries leveraging a close partnership with Microsoft. Its market experts are totally committed to the success of 400 worldwide customers, including some of the largest Fortune 1000 companies and representing all industries, as well as to foster partnership with system integrators, technology leaders and local consulting specialists.