The Sarbanes-Oxley Act has been the catalyst for increased awareness of risk management and compliance throughout the United States. While it now affects only publicly traded companies and certain non-profits, in time, similar regulations could apply to privately held companies and government organizations as well. As a result, the average publicly-traded company now spends more than $4 million a year on Sarbanes-Oxley compliance. Companies need solutions that trim these expenses. That’s where the Internal Controls Portal (ICP) solution comes in. We estimate that implementation of our solution can cut the average company's compliance expenses by as much as 50% because its built-in controls streamline internal and external audits and the entire compliance process.

Not only are the expense savings realized, but the dividends of ICP implementation can be measured on a number of other levels. They include:

• Change in Company Culture
• Compliance Security
• Improved Processes
• Transparency
• Automated Internal Controls
• Ease of Audit

The ICP solution connects your internal controls to your business processes for reporting. It supports overall business process management, including the discipline, accountability, and working-level instructions necessary for compliance success. It addresses internal controls head-on with a web-based, process management framework designed for continuous improvement. The ICP solution is easy to use for administrators, control owners, and managers. For those currently challenged with the gathering of data points, cutting and pasting, and building reports, ICP gives you the ease of use you are looking for without compromising compliance discipline.