SSA Global unveiled its solution framework that enables customers to comply with financial and regulatory mandates in a way that is cost effective and non-disruptive to their businesses at its annual Global Client Forum in Orlando, Florida.
SSA Global’s compliance framework positions customers to efficiently meet the demands of a wide range of government and industry mandates, including the financial reporting, controls and disclosure requirements of the Sarbanes-Oxley act; the Australian Federal Government Corporate Law and Reform Program (CLERP 9), the NZ Securities Commission Corporate Governance guidelines and other regulatory mandates.
“Compliance is an unavoidable business driver and, as a public company, we are aware of the impact of government demands on our customers,” said chief technology officer, SSA Global, Cory A. Eaves.
“We have developed a strategic approach that helps our customers leverage SSA Global solutions to meet their immediate and long-term compliance requirements without disrupting business or spending more time and money than necessary.”
SSA Global’s compliance framework includes:
* SSA Business Process Management (SSA BPM) - SSA Workflow helps companies establish preventative controls to ensure that pre-defined business processes and business rules are strictly followed.
In addition, SSA Event Management helps companies establish detective controls that identify processes and data that are not compliant.
* SSA Corporate Performance Management. (SSA CPM) - SSA Financial Reporting, SSA Enterprise Scorecarding and SSA Analytics enable visibility into business performance and change.
SSA CPM is powered by Cognos, which supports SSA Global’s compliance initiatives.
“We’re excited about SSA Global’s focus on compliance,” said vice president, performance analytics, Cognos, Eric Yau. “The combined strength of SSA Global and Cognos offers the critical data warehouse, analytics and dashboard components of a compliance framework. This enables SSA Global customers to drive performance and support their compliance initiatives.”
* SSA Enterprise Resource Planning (SSA ERP) - SSA ERP is tightly integrated with SSA BPM, SSA CPM, SSA Financial Management and SSA Human Capital Management to provide a broad range of compliance capabilities.
In particular, SSA ERP is helping companies comply with the 21 CFR 211 that applies to pharmaceutical manufacturing and the International Financial Reporting Standards (IFRS), the financial-reporting mandates for companies doing business in the European Union.
In addition, SSA Global has integrated tax capabilities into SSA ERP, so customers can more easily and accurately process sales and consumer-use taxes for US and Canadian requirements.