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UK-based support services firm Wolseley Group has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its global compliance initiative.
SOX Express is used to automate a company's evaluation process and internal controls documentation. In particular so they can achieve compliance with Sections 302 and 404 of the act.
As a UK company, Wolseley does not have to satisfy a Sarbanes-Oxley Act under company law. However as it has a US listing it will have to meet the onerous conditions of section 404 and section 302.
The suites itself is an enterprise compliance management solution. Features include document management, business process management and reporting capabilities.
Testing and reviewing of internal controls can be a time consuming and expensive business. Following the introduction of the Sarbanes-Oxley Act of 2002, compliance management has become one of the hottest growth areas for automation.
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