White Paper Outlines Technology Best Practices For Sarbanes-Oxley Compliance

Aceva Technologies Inc., a San Mateo, Calif.-based management solutions provider, aims to help manufacturers address newly mandated responsibilities of the Sarbanes-Oxley Act via an executive white paper "Achieving Sarbanes-Oxley Compliance and Working Capital Management Goals Using Industry Best Practices." The Sarbanes-Oxley Act requires companies to assume new duties and more stringent levels of corporate accountability in financial reporting. Aceva's white paper specifically addresses Sarbanes-Oxley Sections 302 and 404. It outlines the current views of industry analysts, corporate finance professionals and Aceva customers to achieve Sarbox compliance in parallel with working capital management efficiency goals. There is also a description of the specific best practices recognized within the industry for Sarbanes-Oxley compliance, including decision support, workflow automation and information forensics tools for root-cause analysis. "Aceva's focus on enabling accurate, measurable financial results in the areas of collections management and transaction reconciliation supports the optimization of both financial performance and compliance goals," says Sanjay Srivastava, COO of Aceva. "Companies that employ working capital management solutions can be assured of accuracy in reporting revenue recognition, aged and past due receivables and balances leading to write-offs, among other aspects of Quote-to-Cash (Q2C) reporting." The white paper is available at www.aceva.com/sarbox.