Michael,
I would agree that improving business processes related to company's
financials is the primary task of SOX, and if a company chooses to use
BPM and SOA then that is their choice. I agree that automation and
integration for financial processes helps to improve the
sustainability of the compliance efforts, but it is not essential
according to the law. Many financial processes are driven manually
based on Excel spreadsheets, and can continue to do so if they are
willing to test and audit these processes frequently. And they will
probably do so.

As for the organizations I talked to (some large mobile telco,
software, and media firms), they were struggling enough to actually
understand what processes to include in their SOX projects. They were
in no position back in 2005 to even consider the radical efforts
required to do BPM and SOA correctly. Perhaps they are getting closer
to doing this now (though I expect they are still in survival mode),
but it will take the business problems to be wrestled out of the hands
of the CFO and Controller, and passed to a group that has time to do
the right thing. That is hard given the focus of SOX, placing the
blame for failures squarely at the door of the CFO and CEO.

I would avoid suggesting to the financial teams that SOX is at all a
technology problem. Even the IT teams that must show good management
of core systems probably don't consider BPM/SOA an essential component.

I have seen many vendors claiming SOX as another reason to sell their
software, so messages are getting confused. Of course, if you have
different experiences, please shout out. 

Cheers
Phil
http://improving-nao.blogspot.com








 
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