Sarbanes and BI Reporting:

In order to provide real time visibility, business intelligence solutions integrate, store and provide the overall framework to ensure regulatory compliance and report financial data.

In order to determine compliance issues/ resolutions quickly and efficiently, the CEO’s and CFO’s must have access to complete corporate data and they should be in a position to do any unplanned queries. BI reporting tools provide the complete view of the data and get the results quickly to topmost executives in an understandable format. The drill down feature in BI reporting tools helps the topmost executives to analyze individual transactions in a detailed level and prevent problems from escalating.

In order to ensure certification of financial results in a collaborative environment, BI reporting tools help in complying with section 409 by providing real-time monitoring and alerting of variances. This enables rapid disclosure to shareholders of any material events.

• BI tools help the company by providing an annual assessment to the effectiveness of internal controls in financial reporting.
• BI reporting tools enable financial transparency and greater accuracy for internal and external corporate stakeholders.
• BI reporting tools is used for Certification of annual report forms 10K, 10KSB, 20F, 40F and quarterly report forms 10Q and 10QSB, data can be from different sources.
• Storing, Reporting and Analyzing can be done with BI tools.
• BI tools provide aggregation of financial data in real time.

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