SOX Compliance

What is SOX Compliance ?

SOX compliance refers to the process of ensuring that a company’s financial reporting and internal control systems comply with the requirements of the Sarbanes-Oxley Act.

What are SOX compliance requirements?

The act imposes strict standards for financial reporting and requires companies to establish and maintain internal controls to ensure the accuracy and reliability of their financial statements. To be SOX compliant, companies must perform regular assessments of their internal controls and report on their effectiveness to external auditors. Failure to comply with SOX requirements can result in significant penalties and damage to a company’s reputation. Achieving and maintaining SOX compliance is an essential part of corporate governance and risk management.

HighRadius’ Autonomous Accounting Software is a SOX compliant Record to Report Suite offering for Finance & Accounting Operations.

HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.

Improve your efficiency with our order-to-cash templates such as - A/R Aging Report, DSO calculation excel template, A/R Dashboard excel template, credit scoring model for new customers, 21 Credit-collections email template, and Our Ebooks.

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