Sarbanes-Oxley spending weighted heavily toward tech projects

Companies are taking a number of steps to make sure their reporting infrastructures are up to snuff.

•  They're investing in storage resources, data warehouses and content management software to handle more stringent document security and retention policies.

•  They're buying systems management tools and business intelligence software to catch non-conforming system events and anomalous business trends.

•  And they're deploying financial software to streamline manual-based reconciliation and reporting procedures, and security tools to protect the integrity of systems and data.

All those investments translate into big expenses. Spending on SOX compliance will reach $6.1 billion in 2005, according to AMR Research. Of the money spent, $1.71 billion, or 28%, will go toward technology, the research firm says.

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•  They're investing in storage resources, data warehouses and content management software to handle more stringent document security and retention policies.

•  They're buying systems management tools and business intelligence software to catch non-conforming system events and anomalous business trends.

•  And they're deploying financial software to streamline manual-based reconciliation and reporting procedures, and security tools to protect the integrity of systems and data.

All those investments translate into big expenses. Spending on SOX compliance will reach $6.1 billion in 2005, according to AMR Research. Of the money spent, $1.71 billion, or 28%, will go toward technology, the research firm says.

Back to article: "Thinking outside the Sarbox"

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