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 CPM is the first completely financial closed-loop, double entry CPM solution, that unifies in a single product all Corporate Performance Management processes and Financial Governance processes for data consistency and reliability.
The only solution with Built-in processes and advanced functionalities able to comply with the most complex regulatory requirements, helping companies automate processes, and obtain the necessary transparency and data accuracy for compliance.

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