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MyC.R.O. Solutions Launches Sarbanes-Oxley Gap Analysis Capability
Wall Street & Technology
MyC.R.O. Solutions, a Minneapolis-based technology risk measurement and management firm, has introduced Comply, a new myC.R.O. feature designed to quantify the gap between the regulatory requirements set forth by Sarbanes-Oxley and a public company's existing enterprise technology environment.
With Comply, myC.R.O. Solutions is aiming to help public corporations effectively meet and even exceed required SOX reporting criteria. Outcomes of Comply include gap analysis, which quantifies how near to, or far from, SOX compliance the company actually is; risk mitigation insight, which includes detailed visual reports and illustrations of how each potential technology change will result in more, or less, compliance with SOX; and automated reporting, which continuously illustrates how each change in enterprise technology has served to narrow, or widen, the SOX compliance gap.
"No other risk measurement tool or consulting service has the ability to conduct the objective and consistent measurement of Comply's ongoing automated reporting function," said Chuck Buckley, executive vice president of myC.R.O. Solutions, in the press release. "Only with Comply, can public organizations visually simulate how a technology change moves a company closer to -- or further away from -- SOX compliance."
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