Date: October 5, 2010 at 11am to 12pm PST

Speaker: Ed Winder, EVP Keytone Technologies

The end of each fiscal year can be a hectic time for many companies as they have to comply with the Sarbanes-Oxley Act (SOX), a U.S. legislative mandate designed to ensure that companies practice accurate financial reporting. An average US company spends approximately 26,000 hours of labor to comply with it. Much of this burden is a direct result of inaccurate data—relating to such things as goods sold or manufactured, or the acquisition of valuable assets—being manually inserted into enterprise reporting systems which then feed the erroneous data into software made specifically for SOX reporting.

Specifically for corporate assets, SOX section 404 states that companies must verify each and every asset physically and with their system before reporting. KeyTone’s RFID solution helps companies automate asset tracking throughout its entire lifecycle enabling asset inventory reporting in conjunction with other enterprise systems. This webinar will provide the following:

• A quick overview of SOX requirements
• An approach to automating the asset procurement, usage and retirement processes
• Asset auditing
• SOX reporting

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