The third Sage ERP MAS 90 and 200 4.4 Product Update — 4.40.0.3 — is now available via a compact download from Sage Online . Product Update 3 delivers new core features and functionality enhancements, as an additional on-plan benefit. These customer-requested features streamline workflows and solve Bank Reconciliation pain points. Also included in Product Update 3 is the Pre-Installation Data Scan utility introduced in Product Update 2 that will help identify data issues prior to your installation.
Sarbanes-Oxley™. Also known as "SOX". Two names that appeared within the last decade and now typically evoke a reaction amongst executives and IT professionals alike that usually includes much head-shaking and eye-rolling.
Why such a negative reaction?
In a word, overhead. The amount of time and money required for an organization to become "compliant" – whether with the Sarbanes-Oxley rules, or a different set of guidelines – is considerable. In fact, a 2007 report on the cost of implementing SOX among 168 companies showed an average cost of almost two million dollars. (Yes — "million")
So is it a surprise that any company outside of the Fortune 500 runs for cover whenever the subject of "compliancy" is raised? Hardly.
So why should an organization strive to become compliant, just how do you go about doing so, and is it possible to implement a set of compliancy rules without breaking the bank, and without causing a mass mutiny of your IT staff?
The Optimal Combination: Sage ERP MAS 90 and 200
It is no secret that having the optimal financial reporting and analysis tool allows you to gain greater control of your entire business by giving you both a past and future view of your business-critical information. But with so many options, how do you choose the right solution? The first step is considering what your business needs are. Do you need a tool that:
- Is easy to use and implement?
- Gives you access to your entire business's data, not just General Ledger data?
- Allows you to reduce month-end close time by eliminating the creation, running, and distributing of manual reports?
- Allows you to run real-time reports?
- Allows you to easily manipulate information to fit your business needs?
- Allows you to drill down deeper into business-critical data so you can analyze current and future trends?