Appian Unveils Industry’s Most Comprehensive BPM-based Sarbanes-Oxley Compliance Solution
Appian’s COSO-based Solution Streamlines Compliance Process, Enabling Organizations to Significantly Improve Financial and Operational Performance
Vienna, VA., April 26, 2005 – Appian Corporation, the first Business Process Management (BPM) company to deliver advanced process, knowledge and analytics capabilities in a fully integrated suite, today unveiled its Sarbanes-Oxley Compliance solution, the industry’s most advanced solution for ensuring end-to-end compliance with all relevant sections of the Sarbanes-Oxley Act. Powered by the Appian Enterprise BPM platform, Appian’s Sarbanes-Oxley solution is a major component of Appian’s Compliance Process Management Suite of solutions designed to streamline a wide variety of compliance and corporate governance initiatives, including HIPAA and The USA Patriot Act. As the first BPM solution to combine business process management, document management, and analytic functionality in an integrated suite, Appian’s Sarbanes-Oxley solution increases visibility and transparency of financial auditing processes across the enterprise, providing executives with real-time, actionable business insight about key financial processes and activities. According to the recent Meta Group Sarbanes-Oxley and Regulatory Compliance Issues for IT Organizations report, “A global and consolidated approach to corporate governance will yield consistency, savings, and additional leverage over disconnected/disparate approaches. Although each compliance mandate has different requirements and elements and not all are equally applicable across all organizations, a need still exists to coordinate and leverage efforts wherever possible on a global basis.” “Appian Enterprise organizes the step-by-step activities of our customer’s business,” said George Barlow, Appian’s Vice President of Strategic Alliances. “Since many of these activities utilize reference and collaborative documents, managing them through a standard and certified methodology assures our customers the highest levels of control, security and auditability.”
“As organizations struggle to meet the corporate governance requirements of Sarbanes-Oxley, they are realizing that compliance is more than just a documentation exercise, it is a continuous, dynamic business process that requires extensible technology to automate, monitor, and optimize reporting, review, documentation and alert processes,” said Kevin Spurway, VP Marketing at Appian. “With Appian’s Compliance Process Management Suite, and specifically Appian’s Sarbanes-Oxley Compliance solution, our customers can gain competitive advantage by establishing a flexible framework for continuous compliance, avoid the high cost of manual compliance processes, and benefit from active enterprise risk management.”
Leveraging a COSO-based framework for auditing internal financial processes, Appian’s solution is focused on helping companies achieve compliance with sections 404 and 302 of the Sarbanes-Oxley Act. In addition, Appian’s ability to automate other related financial processes and monitor existing ERP environments introduces a framework for performing Active Control Monitoring, allowing process owners to directly link process documentation with automated IT actions and workflows within the Appian platform. This enables the system to actively monitor the status of compliance for internal controls across the enterprise, in real-time, and ensures that any violation of an internal control is instantly reported to compliance managers and reflected as an issue in the internal control framework.
Appian’s Sarbanes-Oxley Solution provides:
- Task Management. Notifies participants of key actions required to achieve compliance and manage the on-time completion of the tasks
- Survey. Assigns and tracks entity-level assessments and 302 surveys
- Audit Trail. Provides full version control of all documents with complete audit trail of actions in a 100% web-based environment
- Personalization. Delivers each member of the team a personalized view into compliance data through configurable dashboards
- Issue Tracking. Identifies issues, recommends improvements, and tracks resolutions across the environment
- Real-time Reporting. Monitors the status of compliance efforts and analyzes risk and control information through rich, graphical, drillable reports
Please visit Appian’s booth at the CACS conference for a solution demonstration. Additional information is available at or by emailing firstname.lastname@example.org.
About ISACA North American CACS
Presented by the Information Systems Audit and Control Association (ISACA), North America CACS, the world’s leading conference for IT assurance, security and governance professionals, is well known for addressing the complex issues facing professionals responsible for information assurance, security, and governance.
Appian provides a leading low-code software development platform that enables organizations to rapidly develop powerful and unique applications. The applications created on Appian’s platform help companies drive digital transformation and competitive differentiation. For more information, visit www.appian.com.