Compliance describes the abidance of legal and regulatory responsibilities for transparent business operations. Kindled by finance scandals laws, determinations and legal decisions such as Sarbanes-Oxley Act, Basel II or Solvency II administer directives for compliance. Accountants, controlling institutions and regulatory agencies demand from organisations standardised business processes and their consistently documentation.
Sarbanes-Oxley act of 2002 is an American law that regulates how a public company reports its financial dealings. This law was enacted mainly as a result of massive accounting scandals of companies such as Enron or Worldcom and the goal of the law is to reconstitute the confidence investors have in the accuracy and reliability of published finance data. The law is in force for domestic and foreign companies, whose stocks are dealt at US-exchanges.
Basel II are the names the entity of equity-commandments, that were recommended by the Basler Ausschuss für Bankenaufsicht in the recent years. The rules have to be adopted according to EU directive 2006/49/EG since January 1st 2007 in the member states of the European Union.
Quality standard ISO 9001:2001 provides quality assurance. With this certification companies can prove, that their products and services meet consistent the customer-needs and are compliant. Quality standard ISO 9001:2001 provides quality assurance. With this certification companies can prove, that their products and services meet consistent the customer-needs and are compliant.
Regulations for transparent storage of data and documents are becoming denser; simultaneously the quantity of data and documents is rising. Consistent knowledge about customer relationship management, actions and communication is the essence of any organisation.
Fabasoft Folio 2007 enables organisations to show binding directives quickly and easily in clear electronic business processes. The system maintains revision-safe documentation of the implementation of these processes and all related work. This documentation is available to authorized individuals for consultation. Fabasoft Folio 2007 is according to the Strategy 100 both under Linux and under Microsoft Windows.
The software product Fabasoft iArchiveExchange 2007 automatically relocates content worth archiving to favourably priced long-term storage by means of a special algorithm. Users no longer reach the capacity limits of their mailboxes, the risk of messages being deleted by mistake or prematurely is minimized, processing times for backup and restoring are significantly reduced.
