The Role of Contract Management in Ensuring SOX Compliance
 

SOX (Sarbanes-Oxley Act) compliance involves adhering to firm rules regarding financial reporting and disclosure of critical corporate information. Nestled inside many companies’ contracts are critical terms and obligations that are not effectively tracked in existing ERP’s or back-end systems.  To address these concerns, this paper provides information about the SOX act, how contract management aids companies in remaining compliant, and presents examples of SOX compliance for individual contract types.

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About Selectica: Selectica (NASDAQ: SLTC) provides Global 2000 companies with cloud software solutions that help them close business faster, with higher margins and lower risk. More than 100,000 users rely on Selectica applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management to streamline their sales operations and process over one million new contracts annually. Selectica solutions are used by leaders in technology, healthcare, government contracting, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications.