PayStream Advisors '06'07 Research Calendar

Report Description:

Over the last few years, accounting scandals have rocked the nation making Enron, Tyco, WorldCom and Adelphia household names synonymous with corporate greed. These scandals and the ensuing stakeholder concerns laid the foundation for the Sarbanes-Oxley Act. While the Sarbox Act is essential to keep organizations in line, this security does not come cheap. Research indicates that companies with a market capitalization of $75 billion or more will have spent over $6 billion in 2005 alone to comply with the regulation. Last year, companies were desperately trying to tie up loose ends in their reporting and controls to meet looming deadlines. Now they face the reality that Sarbox compliance will be an ongoing process and that everything organizations do go forward will be subject to close scrutiny.

We believe that this growing trend towards increasing compliance has created a tremendous opportunity for technology companies to develop tools and solutions specifically targeted toward the management of information to aid in Sarbox compliance. PayStream’s forthcoming report will explore these tools and identify their impact on organizations’ Sarbox compliance efforts and initiatives. Beginning with an introduction to need for Sarbox and the challenges associated with its compliance, it describes the role of technology, identifies the major players in this space and highlights the innovative solutions that they offer. The report concludes with analytical insights that will help the reader compare and contrast across all of the vendors and solutions.