Sarbanes-Oxley: Trust is Not a Control

Sarbanes-Oxley (SOX) compliance is onerous, with heavy penalties that include more than large dollar fines, but serious jail time in a Federal “country club” penitentiary and shades of The Shawshank Redemption. Enacted in 2002, we have been living with SOX for over a decade, and companies subject to SOX have been getting better at managing the associated costs which have declined as a percentage of revenue. But, have companies gotten better at actual compliance with SOX? Personally, I don’t think so as what appears to be a pyramid of sub-certifications built on sub-certifications has simply created a compliance house of... Read More »

Lean BPM Defined

Providing clarity in defining Lean BPM Lean BPM has evolved from the development and implementation of a BPMS which could be deployed quickly, adopted and used by the business user themselves (the Citizen Developer) and which would allow for fast, reactive and proactive changes to business processes. There has been much discussion revolving around low-code and zero-code BPM alternatives to traditional BPM solutions, however, little focus has been placed on the practical implementation of efficient and effective BPM solutions into both manufacturing and transactional operational environments. Lean BPM has 5 core components, and we’ll go through each of them here.... Read More »

Compliance and Risk Management using Business Process Management (BPM)

Karl Hindle is Director of Marketing for JobTraQ, and a former auditor with Arthur Andersen & Co. and Pannell Kerr Forster (UK). Managing Compliance and Risk Across the Organization No matter which compliance regime you are operating under, you must establish visibility into the business processes operating at the heart of your compliance and risk management efforts. If you are unable to gain visibility into who does what and when (and by when), then you are running blind and will be unable to effectively establish appropriate controls and procedures, nor be able to establish adequate audit procedures. There is also... Read More »