Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

Related Topics: Microservices Expo, Weblogic

Microservices Expo: Article

webMethods Introduces SOA Web Services Solutions For Sarbanes-Oxley

webMethods for Compliance Helps Sustain Compliance Initiatives by Continuously Monitoring the Accuracy and Validity

webMethods debuted webMethods for Compliance, a new solution designed to verify the completeness, accuracy and validity of transactions and business processes in accordance with the Sarbanes-Oxley Act and other regulatory requirements. Built with the technology components of webMethods Fabric(TM), this new solution provides businesses with the ability to continuously and automatically monitor their compliance control points without the risks or costs associated with manual testing and controls. At the same time, the process integration, assembly and optimization capabilities offered by webMethods for Compliance can also be used to further streamline and enhance these fundamental operations, which means enterprises can use their compliance investments to achieve continuous process improvements as well.


David Mitchell, president and CEO of webMethods

Building and sustaining compliance controls has proven costly for most corporations. According to AMR Research's John Hagerty [AMR Research Alert - Active Compliance is Becoming a Reality March 24, 2005], "Making compliance repeatable, sustainable, and cost-effective must become the priority for ongoing investment. Continuous monitoring and automated testing is maturing in approach and applicability to be considered for evaluation now rather than later."

Without standardized business processes, or integration between business units or divisions, companies often rely on manual monitoring and spot-testing to verify compliance agreement, which provides limited predictability or certainty. Alternatively, webMethods for Compliance brings extended visibility into these high risk enterprise business processes, provides for continuous monitoring of process controls, and standardizes and automates resolution procedures. As such, enterprises can significantly reduce compliance costs and realize other benefits through the automation and real- time monitoring operations enabled by webMethods for Compliance.

"The monitoring, analysis and evaluation of internal controls is labor intensive, costly and often fails to flag issues in time to take corrective action," said Arnold Huffman, vice president, Global Strategic Business Solutions, webMethods Inc. "webMethods for Compliance leverages the proven capabilities of our business integration product suite to fully monitor critical business processes so that real-time alerts of potential and actual violations can be consistently enacted. Automation of this process is critical and can produce significant savings for the corporation."

Designed for rapid implementation, webMethods For Compliance encompasses the following components within an integrated platform:

- Business process automation and management -- Allows business users to model and execute business processes encompassing a variety of certified requirements, such as e-Signoff and other authenticated approvals.

- Continuous controls and monitoring -- Mitigates risks by proactively identifying material events and violations in real-time.

- Compliance dashboard -- Provides users with additional, end-to-end process visibility with correlations to key performance indicators, graphically depicted.

- Document management -- Improves and secures information flow by controlling and managing all control and disclosure procedures.

One of the key benefits offered by webMethods for Compliance is greater predictability by which enterprises can track key real-time operational and business metrics without the need for additional programming. Furthermore, these monitoring and alerting features also provide users with the ability to better anticipate and predict future patterns in business operations based on comparison with past activity for a given time of day, day of the week, and time of year. Alerts are automatically triggered when key performance indicators or control points move out of range relative to historical norms and the previously-seen anomalies detected with webMethods' patent-pending 'fingerprinting' technology.

Additionally, having faced the need to fully document and test their core business processes in compliance with Sarbanes-Oxley and other mandates, enterprises today have a far greater understanding of the numerous weaknesses, bottlenecks and manual execution inherent in many of these processes. Through the use of webMethods for Compliance, enterprises can take advantage of a single integrated platform to not only monitor these processes for ongoing compliance, but to also automate and optimize them for improved business performance and additional cost savings.

"In today's regulatory climate, there are many vendors offering compliance solutions. Many of these compliance solutions focus on the documenting and reporting aspects of regulatory compliance. These are important, but only part of the technology needs," said Lee Dittmar, principal, Deloitte Consulting. "Automated controls monitoring will be an important area of focus. Plus, many CFO's today are leveraging their compliance efforts as an opportunity for business improvements. Technology is key to supporting these broader efforts, addressing both compliance and performance."


More Stories By WebLogic News Desk

WLDJ News Desk trawls the world of e-commerce technologies for news and innovations and presents IT professionals with updates on WebLogic related technology trends, products, and services.

Comments (2) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
Jolina 08/19/05 11:33:21 AM EDT

I saw that Prevari was doing some free focus groups related to Sarbox and Risk Management. Maybe it's worth checking out.
http://www.prevari.com/registration.htm

Web Services Journal News Desk 07/19/05 06:39:17 PM EDT

webMethods Introduces SOA Web Services Solutions For Sarbanes-Oxley. webMethods debuted webMethods for Compliance, a new solution designed to verify the completeness, accuracy and validity of transactions and business processes in accordance with the Sarbanes-Oxley Act and other regulatory requirements.

IoT & Smart Cities Stories
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...