Compliance delivers unexpected benefits

Many business leaders may object to the stringent corporate regulations that have emerged in the past two years, but organisations that have deployed reporting tools to help them meet post-Enron regulatory requirements are increasingly finding that the systems also deliver unexpected business benefits.

According to VNUNet.com, while many firms initially deployed business intelligence reporting systems simply to provide an automated way of proving financial processes were in line with legal requirements, there is now awareness such systems can be used to help optimise those same processes.

John Taylor of business performance management (BPM) vendor Cartesis said the same corporate reporting regulations that many have accused of being too expensive to comply with have actually helped deliver improved corporate performance.

Microsoft India, along with Skelta Software, a Bangalore-based software company, has launched the Skelta Compliance Accelerator, reports India Infoline.

Built entirely on the Microsoft .NET platform, the accelerator is a 100% Web-based, workflow-enabled compliance solution, which will help Indian corporations comply with statutory and regulatory legislations, such as the Sarbanes Oxley Act and amended Clause 49 of SEBI.

Skelta Compliance Accelerator comes with predefined, customisable workflows and document templates, and will help CEOs/CFOs expedite their compliance initiative by simply customising this single, out-of-box solution to their organisation`s need.

Ultimus, a provider of BPM, workflow automation software and services, announced that it will be hosting its annual BPM and Workflow Conference in Munich, Germany from 5 to 7 April, at the Kempinski Airport Hotel.

Attendees will gain invaluable opportunities to learn from the extensive experience of colleagues who will share their strategies, results, lessons learned, and plans for extending BPM across the enterprise, according to a press release.

Experts and analysts in the BPM field will reveal emerging trends and best practices for improving operational accuracy, shortening cycle times, reducing costs and improving transparency and compliance, the company says.