Solutions for Financial Management and Compliance

Companies are increasingly required to meet new and expanding compliance regulations, including those set forth in the Sarbanes-Oxley Act of 2002. A key prerequisite to Sarbanes-Oxley compliance is the presence of an extensive audit trail, complete with drill-down and drill-around functionality. The Sarbanes-Oxley Act has raised the bar for public companies, and failure to comply can result in harsh penalties. Therefore, it is imperative for key documents, organizational policies, and vital pieces of information to be available for fast retrieval in the new environment.Service OverviewInfosys' Financial Management and Compliance solutions allow companies to effectively and economically identify, assess and manage Sarbanes-Oxley compliance risks. Infosys can help insurance companies effectively manage risks and successfully conform to regulations of the USA PATRIOT ACT and Sarbanes-Oxley Act. In addition, Infosys helps define and implement agile processes and systems for accounting, financial reporting and management reporting that can improve your competitiveness. What can Infosys do to help make sure your company meets current and future regulations?

• Deliver compliance frameworks that cover the assessment of risk, developing a remediation plan and implementing the Sarbanes-Oxley compliance solution
• Streamline your processes and systems for financial accounting, financial and management reporting
• Reduce risk and increase productivity around Sarbanes-Oxley compliance

Solution OverviewTo comply with USA PATRIOT ACT, insurance companies and financial services firms are required to establish:

• Customer identification programs (customer record keeping & reporting)
• Suspicious activity reporting procedures (customer transaction monitoring)
• Anti-money laundering programs (policies, employee training and audit)

Infosys PATRIOT Act solutions offer:

• An end-to-end framework to comply with the USA Patriot Act
• Ability to assess an insurer's gaps with USA Patriot Act compliance through a quick assessment phase
• A methodology and suite of tools that can be adapted for an insurer's PATRIOT Act Compliance Program

BenefitsA well planned, executed and managed Financial Management and Compliance program can result in:

• Improved corporate transparency and increased shareholder confidence
• Reduced business risk and greater financial predictability
• Deeper regulatory understanding and flexible compliance structure
• Superior decision making support through a better understanding of competitive position
• Prevention of large penalties and fines for the company and it's senior management

Why Infosys?Infosys offers:

• Specially tailored services and solutions (Sarbanes-Oxley, USA PATRIOT ACT, etc.) that meet your financial management and compliance goals.
• Industry frameworks and experience in helping you put in place Sarbanes-Oxley compliance programs and financial management practices.

In an environment characterized by greater scrutiny on operational and IT costs, Infosys can improve your competitiveness by using financial management solutions, to help you focus on the right business and technology initiatives, and execute them cost effectively.