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 transaction based infrastructure and matrix based approval workflow validates, date stamps, stores and restricts changes to all approved data entered into its system. With eTimeMachine in place companies have the tools to comply with legislated reporting and operational standards.
All Project Management data is passed and validated through the eTimeMachine approval process. Both Project and Functional Managers are prompted to approve timesheets, suporting functional, matrix and projectized organizations.
How eTimeMachine Helps Achieve Compliance
Once management validates timesheet information, timesheet data and each transaction is
- Time stamped
- Stored and Locked
- Sent to a respective Project Management, Accounting and Payroll Systems
Truly auditable project management environment is created:
- No uncontrolled/unrecorded data revisions allowed after approval
- Audit trail of all transactions is available