Compliance |
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To comply with the Sarbanes-Oxley (SOX) Act, most organizations have completed the documentation of internal controls environment, financial reporting process documentation, controls design and testing during the last two years. However, maintaining compliance maturity while improving compliance processes makes it imperative for organizations to have an institutionalized and robust compliance sustenance framework.
Patni has extensive experience in making global corporations SOX compliant. Based on the COSO and COBIT risk management frameworks, Patni's SOX sustenance methodology enables organizations to sustain and improve their year on year SOX compliance. Patni's Six-Sigma based SOX sustenance methodology has a well-defined process that ensures continuous improvement of compliance processes. Patni leverages its global delivery model and its compliance process manager tool (AquilaVisioTM) for SOX sustenance to give significant cost effectiveness.
AquilaVisioT is a compliance process repository and manager, developed by Patni to automate and streamline management of SOX compliance. AquilaVisioT gives an "online, multisite" compliance automation framework to create an assessment methodology, plan the execution, execute the assessment, collate and analyze the collected data, and create analytical reports to ensure a professional, hassle free and clean assessment experience for the customer. AquilaVisioT stores the assessment methodologies, which can be modified, reused, recreated to be used for another business situation. AquilaVisioT has built-in process templates as a knowledge base.
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| Our Offerings |
Sustenance Framework Definition |
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Identification of control areas and activities to be tested periodically, and KPI definition |
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Exceptions and Alerts - e.g. violation of access controls |
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Reporting. |
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Test & Measure
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KPIs defined in the earlier phase are measured through testing and the compliance process is improved through an analysis of the test results. This is done by: |
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Periodic Control Testing |
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Event Based Control |
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Annual Control Testing. |
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| Continuous Process Improvement |
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Inclusion of controls due to changes in COSO/COBIT |
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Exclusion of controls from testing based on pre-determined assurance levels |
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| Our Value Proposition |
| Patni is uniquely positioned to deliver SOX sustenance solutions. Our key differentiators include: |
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Extensive SOX compliance experience with Fortune 500 corporations |
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End-to-End sustenance services from process controls sustenance to system control sustenance |
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Proactive management of changes to COSO/COBIT frameworks |
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Compliance process improvement methodology Pre-built ACL based test automation framework |
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Well-defined onsite-offshore engagement model with measurable milestones. |
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