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What You Should Know About ERP and Financial Compliance

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Financial Compliance

Financial Compliance-Financial compliance is a must-have for any business and an essential component in most ERP systems. Failing to be compliant can have catastrophic effects on your business. This is where ERP comes in to ‘save’ the day. Financial compliance requires your business to correctly abide by all the rules established by regulatory organizations. These will vary from country to country. In the USA, these include the Securities Exchange Commission and the rules of the Sarbanes Oxley Act. ERP financials have a responsibility to assist in financial compliance, but the buck stops with how you implement and utilize your ERP system for financial management.

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