When it comes to providing evidence necessary to validate project cost and performance reports and demonstrate effective internal control measures, eTimeMachine has means of proving that company's internal procedures meet the imposed regulatory requirements. Examples of such requirements: Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley Act) and all kinds of Government Grant and Incentive programs for Research and Development companies, e.g. Canadian Scientific Research and Experimental Development Tax Incentive Program (SR&ED). eTimeMachine promotes Data Integrity, Validation, Audit Trail, and Transaction based procedures making for a fully-auditable transparent business environment.
How confident are your executives with the validity of company reports? Can your company’s current environment provide evidence to validate project cost and performance reports and demonstrate effective internal control measures?
With eTimeMachine in place companies have the tools to comply with legislated reporting and operational standards.
The project management discipline has become integral to corporate success and now more than ever management needs to examine their project environment for internal controls and validity of data to mitigate risk and corporate exposure. The Sarbanes–Oxley Act, also known as the "Public Company Accounting Reform and Investor Protection Act" is a United States federal law, which sets standards for all U.S. public company boards, management and public accounting firms. eTimeMachine's Internal Controls is ready for the Sarbanes-Oxley Act (SOX).
eTimeMachine's Configurable Business Rules (CBR) is a module within eTimeMachine Enterprise that allows users to enhance and customize the system's logic to support their business processes. Using the CBR module, users can configure business rules and exceptions over and above those that are addressed by the software. For example the system can be configured to calculate cost of a specific resource based on the time of the day, the resource's association with a wage group and/or cost group and specific company rules such as overtime charges and night shift factors.
This gives the company added flexibility to address issues as they occur without having to request and wait for software changes and also supports and mitigates the challenges of operational changes. Configurable business rules also allow companies to automatically send out triggered notifications to employees. Triggered notifications can be used to warn of potential risks, send out reminders, request action etc.