Sarbanes-Oxley Act of 2002 came to existence after the collapse of Enron and WorldCom financial scandals. Enactment of this act focused towards the protection of shareholders and general public accounting errors and fraudulent practices in the enterprise. The legislation not only affects the financial side of corporations, but also affects the IT departments whose job it is to store a corporation's electronic records. The legislation contains varieties of rules and regulations which establishes new or enhanced standards for public company boards, management, and public accounting firms. These regulations or Sarbanes-Oxley standard include:-    

   What does Nexstep | TnE do for you?

• Streamlines approval and verification of employee claims and vendor bills for payments, through the approval workflow process
• Automates disbursements, thereby reducing need for cash and cheque payments
• Highlights Exceptions to the Expense policy. Shows where expenses have been more than expected
• Provides visibility on spend patterns across locations, enabling you to do smarter purchasing
• Builds accountability for expenses incurred, since managers can track expenses billed to their cost centre
• Creates Accounting Entries for your Accounting System, thus saving your team’s precious time

    How Nexstep | TnE helps you meet your Sarbanes-Oxley
    Compliance requirements