Sarbanes-Oxley Compliance

With corporate governance regulations including Sarbanes-Oxley (SOX) now demanding ever increasing levels of accountability from finance departments, it has never been more important to have a fixed asset solution that can assist you in meeting these regulations.

Real Asset Management International's (RAMI) Asset4000 is a specialist fixed asset system which provides a long term solution to Sarbanes-Oxley compliancy issues relating to fixed assets.

Providing users with a system that can control and track changes to an asset throughout its life-cycle from the moment it is entered into the system, Asset4000 assists financial professionals in complying with the Sarbanes-Oxley Act, eliminating the use of spreadsheets altogether.

The following features of Asset4000 enable organizations to eliminate cumbersome procedures when complying with SOX:

Improved Internal Control

Asset4000 has the facility to provide a full audit trail for all assets. The audit file holds a history of all user actions. It shows which records were amended with the before and after detail, giving the user a transparent view of every asset and therefore tightening internal controls.

Enhanced Security Features

The system uses an advanced protection utility that requires a valid combination of user name and password before giving access. Each user can also be given access rights restricting certain functions, for example, deleting records. This reduces the risk of errors and fraudulent activities, which are evident with the use of spreadsheets.

Automated Reporting and Forecasting

A comprehensive range of user definable reports is available in Asset4000 allowing period end financial reporting to be error free and less time consuming.

True Representation of Fixed Assets on Balance Sheet

At any given point in time, a balance sheet report can be produced providing a summary of an organization's assets, tightening controls where there is a susceptibility to loss due to error or fraud.

Accurate Financial Statements

All statements that Asset4000 produces are S302/S404 compliant, reducing the burden of manual output.

Reduced Audit Costs

With the elimination of deficiencies and weaknesses, Asset4000 enables auditors to do their job quickly and efficiently in a shorter time period.

Aids in Procedural Processes

With Asset4000's reporting and security capabilities, procedural processes can be carried out more effectively and efficiently, thus saving money and avoiding stringent penalties.

Real Asset Management International strives to maintain its high standards within the software industry and has received the following accreditations: