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Drowning in Data

A flood of corporate data, intensified by Sarbanes-Oxley compliance, threatens to overwhelm business managers.

Six Degrees of Automation

Costs and benefits of IT probrams for Sarbox compliance.

Technology Option Costs and Efforts Required Potential Benefits % of Public Companies Considering This Option
ERP instance consolidation Projects cost about $10M per $1B in annual revenue; often requires implementation of system; projects can take 12 to 24 months Consistent processes across all units; much better visibility across the company; additional 25 percent decrease in IT maintenance costs 65%
Turning on controls within current systems One of the least-costly options; may require help from a systems integrator to reconfigure the existing system Takes advantage of existing technology investments; increases auditing capabilities and ability of govern every action 39%
Adding an EPM system to current infrastructure Varies widely; can include BI, analytics, planning, budgeting, ETL, and/or data warehousing products Improves goal alignment; manages accountability; identifies risks in near-real time; standardizes external reporting processes 32%
Upgrading of current ERP/financial system Costs average 18 percent of the initial ERP project; projects take about seven months Provides a chance to add new functions and features and consolidate separate instances 13%
Changing ERP/financials vendor One of the most-costly options; costs can range up to tens of millions of dollars Can get off of antiquated systems and take advantage of new features and functions; ability to consolidate separate instances 3%
Do nothing No upfront costs, but the risks are high if the company does not come to compliance No disruption to current systems or processes 7%


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