The need to comply
with global financial disclosure legislation,
such as Sarbanes-Oxley, has been a major
challenge for CFOs in recent years. Companies
have invested millions of dollars to document
key risks and internal controls, test them and
audit the results. Today, the burden of this
effort is all too apparent and now CFOs must
focus on reducing the costs associated with
financial compliance legislation, establishing
repeatable and sustainable governance practices
in order to streamline financial statement
production.
The first and only financial governance, risk
and compliance solution to be unified with a
performance management suite, Cartesis
Governance drives sustainable compliance
processes, delivering a clear cost advantage and
allowing businesses to better manage their
financial reporting and close processes.
- Sustainable Financial Governance Risk and Compliance
- Lower Cost Compliance
- Fast and Trustworthy Financial Reporting
Sustainable Financial
Governance Risk and Compliance
A financial governance, risk and compliance
management solution, with its own document
management and process modeling capabilities,
Cartesis Governance drives sustainable and
repeatable governance practices throughout your
entire organization.
Framework
for Risk and Control
An integrated part of the Cartesis 10 Release 2
performance management suite, Cartesis
Governance provides a complete and fully
integrated framework for risk and internal
control. It includes control documentation,
testing and signoff, workflow, document
management, process modeling, issue management,
remediation planning, risk assessment,
compliance reporting and dashboards.
Flexible,
Easy to Use, Web-Based Solution
This fully Web-based application can scale
easily to your organization’s needs and requires
no rollout or local installation. A highly
intuitive tool, Cartesis Governance requires
minimal end-user training, is available in
multiple languages, and is easy to use for both
frequent and infrequent users at every level of
your business. Added email alerts guide users
through the compliance process in an efficient
and timely manner.
Easy Setup and
Implementation
Leveraging the investment that companies have
already made in documenting key controls,
Cartesis Governance can easily import all
existing control documentation to automatically
create a risk and control
framework, dramatically reducing implementation
time. An out-of-the-box solution, Cartesis
Governance also features numerous quick-start
compliance templates including those for the
COSO framework.
Lower Cost
Compliance
Cartesis Governance establishes a complete
framework for all of your financial compliance
and internal control requirements. For large and
small organizations alike, it maximizes the
opportunity for your company to dramatically
reduce the cost associated with financial
compliance.
Adaptable and
Flexible Platform
By offering a platform and library of key risks
and controls, Cartesis Governance is capable of
supporting multiple regulatory regimes including
Sarbanes-Oxley, Tabaksblat, the Lippens Code, J-SOX,
the Turnbull guidance and Loi de Sécurité
Financière from the same solution. Its flexible
architecture supports multiple business units
and divisions, allowing a framework to be
created centrally and rolled out to divisions as
needed.
Automate,
Integrate and Rationalize
Automating control testing and evidence
collection in a repeatable and reusable way,
Cartesis Governance reduces the effort and
workload associated with control documentation,
testing and signoff. Adopting a riskbased
approach by integrating risk assessment and
financial account data via integration with
Cartesis Finance, it drives more efficient
scoping of entities and accounts in order to
rationalize key controls, thereby reducing
control overlap by up to 40%.
Substantial Cost
Savings and ROI
Based on case study evidence, a sample company
with 1,000 controls can spend upwards of $2.5
million in hidden costs for control and process
documentation, testing and remediation planning.
By using Cartesis Governance, a company can
reduce that cost by up to one-third, releasing
two full-time equivalents from control and
process documentation and achieving a full ROI
in less than one year.
Fast and
Trustworthy Financial Reporting
Over the last 17 years, Cartesis has established
trust in supporting the financial reporting
processes at some of the world’s largest
companies including Air France KLM, AXA, Diageo,
Nissan, Cargill and Standard Life. Cartesis
Governance now allows companies to fully
implement financial disclosure policies
completely and from a single performance
management solution.
Improved
Financial Reporting Processes
Unique embedded process modeling capabilities
within Cartesis Governance allow for the
documentation of the complete financial
reporting process from beginning to end.
Cartesis Governance makes workflow, responsible
actors, email alerts and all the associated
sub-processes, risks and controls assessable
through Cartesis Finance, therefore ensuring
total transparency and greater efficiency in the
management of the close process.
Online, Real-Time
Reporting and Dashboards
Cartesis Governance features its own built-in
reporting tool complete with over 70 templates
and reporting wizards. These interactive,
real-time reports and additional dashboards
powered through Cartesis Analytics deliver
actionable compliance reporting across the
enterprise. The application also provides
integration capabilities with Microsoft Office
applications.
Looking for more information on our business performance management software?
- Call ABM Systems on +61 2 8249 4351
- Contact us for pricing information and to learn more about our products and BPM solutions
