Overview

Allow me to introduce myself. My name is SOX Owl, Accounting Intelligence Expert! I recently flew onto The GL Company’s team and am really excited about it! The GL Company always likes to do things a little bit differently so they quickly welcomed me with open arms. They appreciate the wisdom and sound advice that I can offer! I have a long list of projects that I will be working on including improving the month end close process for our customers and helping them understand how we can help them become Sarbanes-Oxley compliant.

SOX

SOX has been with us since 2002 but has your organization’s SOX project created paperwork and bureaucracy or has it been a flagship for process simplification? Are you spending fewer hours working in finance? Have your most creative minds in IT become administrators?

Many software companies have claimed ‘SOX functionality’ but this targeted the output of SOX (risk registers, flowcharting, and security management) and didn't simplify the underlining accounting processes. In fact, today’s tools continue to pile on additional SOX issues as organizations look to decentralize the reporting burden from IT e.g. Business Intelligence tools copy data to a separate data warehouse and require additional security before they can be introduced.

So where are we today? Financial reporting and inquiries are being done in exactly the same way as they were before SOX was announced – in most cases the accountants are continuously and repeatedly extracting their ERP data to spreadsheets. In fact, companies are even more dependent on non-auditable spreadsheets and BI tools holding the secure general ledger data in their own version of the general ledger. How safe and efficient is your financial month end process?

The GL Company is the only company that offers something new. With the Really Real Time® Inquiry Suite your finance users are able to report straight from their ERP general ledger tables, build reports and publish them to end users without losing the link to the underlying financial records (allowing drill down to the document detail). No separate database/cube/mart is required and you don’t need any additional user security.  

The Inquiry Suite transforms your ERP relational database into a financial data warehouse without moving the data.