- ERP instance consolidation. Public companies that have different ERP systems across multiple business units are using Sarbanes-Oxley as a reason to migrate to a single system, making internal controls easier to standardize. AMR found that "Nearly 65% of public companies are strongly considering ERP instance consolidation as a remedy to process standardization."
- Better implementation of existing controls and processes. In many cases, ERP systems already have features and functions needed to strengthen internal controls--but they are not fully implemented. AMR found that "nearly 40% of companies surveyed will evaluate the existing features and functions of applications and platforms already in place and configure their systems to take advantage of this built-in and often-ignored functionality."
- Investments in Enterprise Performance Management (EPM). One hot class of applications in light of Sarbanes-Oxley is EPM--software that gathers and operating metrics across multiple operating units. AMR found that "slightly more than 32% of companies surveyed are considering EPM....Demand for better internal and external disclosure, and longer term requirement for near real-time reporting of material events to outside regulators."
The full article is on AMR's web site.