If the job of a CFO weren’t already difficult enough, the Sarbanes-Oxley Act and Health Insurance Portability & Accountability Act (HIPAA) has made it much more so. SOX law includes numerous checks, balances and requirements for financial reporting and controls that affect all publicly held organizations. This means that in addition to their day-to-day duties, CFOs need to ensure that Sarbanes-Oxley rules are followed to the letter throughout their organization. HIPAA law provides for Healthcare continuity, privacy and accountability.
We can help you implement the right accounting, customer and patient software to help your organization achieve SOX and HIPAA compliance by managing compliance initiatives related to Sections 302 and 404 of the Sarbanes-Oxley Act and Section 164.502 of the Federal Register’s Department of Health and Human Services.
These systems can help you increase the visibility and transparency of your financial processes and internal controls and provide your CFO with better views into and more control over financial reporting as well as secure sensitive patient and customer data. All ERP or CRM implementation activities are conducted with compliance in mind, including having a clear project plan, well-documented processes and rigorous testing.
Contact BSP to learn more!