Getting Ready for SOX Gelco helps you prepare for Sarbanes-Oxley compliance Upcoming White Paper Preview
IN THIS ISSUE: White Paper Preview: Preparing for Sarbanes-Oxley New Features for ExpenseLink: Fax Imaging New Features for ExpenseLink: Intelligent Workflow PA ESSENTIALS: Year-End Reconciliation Year-End Checklist Self Help for Quick How-To’s UPCOMING NEWS AND EVENTS: PERSPECTIVES Customer Conference March 20-23, 2005 New Orleans Hold the Date! International Accounts Payable Professionals (IAPP) April 24-28, 2005 San Diego Financial Executive International (FEI) May 19-22, 2005 Chicago October SmartTalks Web Seminar SOX: Taking Control Through Expense Management Have a comment or a suggestion for a Gelco Advisor Article? Contact Us >	It’s frequently called SOX, and it has many corporate executives shaking in their boots. With the deadline for compliance with the Sarbanes-Oxley Act fast approaching, corporations have had to scramble to ensure their internal financial reporting controls are in place and effective. CEOs and CFOs must be prepared to certify their first 10-K filing of FY2005 with the SEC. But our current customers are already ahead of the curve on SOX. That’s because regulators now are looking for many of the same answers and information that managers and program administrators have been seeking when they came to us for Expense Management Automation (EMA) solutions. Sarbanes-Oxley requires tough new standards for financial disclosures and internal cost controls. Gelco Expense Management has long provided controls for managing travel expenses simply because we knew it was smart business. Gelco solutions directly address two of the most critical sections of the Act – Sections 302 and 404 – that will impact financial disclosures. Section 302 addresses Corporate Responsibility and requires CEOs and CFOs to certify financial statements. This certification includes a report that both defines the controls that affect financial reporting and disclosures, as well as gauges the effectiveness of those controls and procedures. Section 404 goes one step further and requires a report on the actual process by which financial statements are arrived at, and the effectiveness of internal controls over financial reporting. We’re preparing a white paper covering Gelco’s role in Sarbanes-Oxley compliance related to Travel Expense Management. In this soon-to-be-released white paper, you’ll see how Gelco not only can help you comply with SOX, but also help you significantly reduce your travel-related spending in the process. For more information, you can also access our archived SmartTalks Web Seminar entitled “Sarbanes-Oxley Legislation 404: Taking Control Through Expense Management”.