The need to be fulfilled is the dynamic, configurable control execution, monitoring and recording process amenable to audit and appropriate hierarchical access and change control.

Further, control implementation/monitoring and necessary remediation needs to be 'paperless’, cost effective, non-intrusive, efficient, as well as secure, in addition to providing a valid audit trail.

OnTop® SOX Application automates the execution of manual and manually dependent IT controls as well provides management and auditors the ability to review, monitor and record the operating effectiveness of controls.

The OnTop application facilitates the 'automation' of manual controls by scheduling and facilitating the creation and filing of control execution documentation by control owners in online binders by control execution instance.

The alert function sends timely notifications to business process owners or other defined recipients in case the control scheduling or execution activities have not been completed within the defined tolerances.

The various customizable reports facilitate the review of late controls as well as controls that have exceptions, are under remediation or have been remediated.

The application’s 'scheduling’ and 'operative actions’ enable:

• Automation of control execution instances by scheduling, reminder, reporting and escalation of non-compliance
• Generate and log evidence of control execution automatically and attach evidence of control execution in various mediums as desired to create a complete control binder by execution instance
• Process documentation (risks and controls) and changes to control configuration (timing/personnel etc.) maintained by Business Owners themselves.

The key Benefit is significant reduction in costs arising from more efficient and sustainable business processes, reduced employee and auditor time expended in evidencing and testing SOX compliance.

The OnTop solution facilitates the review and testing of internal controls by management as well as by external auditors by providing control by control test plans and a secure repository for the filing of test work papers.

The OnTop Vision In Action

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