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

  • žTime stamped
  • žStored and Locked
  • žSent to a respective Project Management, Accounting and Payroll Systems

Truly auditable project management environment is created:

  • žNo uncontrolled/unrecorded data revisions allowed after approval
  • žAudit trail of all transactions is available

 


eTimeMachine Features which Promote Data Integrity

  • Single Point of Entry- Eliminates inconsistencies and redundant effort across multiple systems.
  • Data Validation - Prevents data entry errors.
  • Elaborate Business Rules - Ensure information consistency and helps exception handling.
  • Approval Process - As many levels as required to guarantee  information accuracy.
  • Transaction Based - Original data stays intact from its time of  creation, transactions are recorded and time stamped.
  • Exception Handling - Built-in notifications, alerts, information review and adjustment procedures.
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