November
25

Sage MAS 90, 200 and 500: Sarbanes-Oxley Compliance Whitepaper

Posted By: Wayne Schulz    



Sage just updated their library online with a free white paper that explains how their Sage MAS 90 , MAS 200 and MAS 500 products are compliant with SOX regulations.

The document is quite good and  clearly spells out several myths about the act including that using one type of software makes you “SOX compliant” (false) or that any accounting software packages have been certfied SOX compliant (false again).

Here’s an excerpt:

One area that many companies find problematic is if internal systems are fragmented and incompatible. For example, a manufacturer that uses one application for  manufacturing operations and another for accounting may find itself exposed to potential control issues. This is because significant manual re-entry is usually needed to pass data (such as inventory valuation) from the operational system to the accounting system. Any lapse in this area will expose an organization to the risk of material inaccuracies.
Sage MAS products offer seamless integration between the inventory system, the manufacturing operations, and the accounting system. As long as Sage MAS security features have been implemented appropriately, there is very limited scope for information to be lost between  modules of the system.
Manufacturers are not the only types of organization to be at risk from disparate systems of course. Project-based organizations that use Excel for tracking project performance will be at risk of accounting incorrectly for partially completed projects. Distributors must ensure their inventory levels are recorded accurately so that the accounts can reflect the correct stock valuations. In every case, an integrated system reduces the likelihood of accounting misrepresentation.

Link: Sage MAS 90 SOX Compliance

© 2008, Wayne Schulz. All rights reserved. Sage 50, Sage 100, Sage 300 and Sage 500 are registered trademarks of Sage. Have additional unanswered questions about MAS90? You may contact Schulz Consulting here.

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Related posts you might want to review:

  1. Sage MAS 90 and 200: The Road Ahead – Version 4.4+
  2. Sage Software Webinar 10/23/08: Migrate from Sage MAS 90 to Sage MAS 500
  3. Sage MAS 90 and MAS 200 Accounting Software
  4. Sage Extended Enterprise For Sage MAS 90 and 200 Pricing Announced
  5. Service Update 4 For Sage MAS 90 and MAS 200 Available

About

This entry was written by a Sr Consultant who has worked with Sage 100 ERP ( Formerly Sage MAS 90 and MAS 200) since 1986. He provides technical support to companies located throughout the United States on all versions of Sage 100 ERP Contact Wayne via our info request page.The views expressed on this site are solely those of the author and do not reflect the opinion or position of any other person or company. We are NOT in the business of providing tax, accounting or audit advice and you are advised to consult with your tax professional in such matters and not to rely on any information here as authoritative tax, technology or accounting advice. Information is subject to change without notice. Google+

Filed Under Sage software, Technical Documents 

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