Many manufacturers are public companies, and even more manufacturers are private companies that may one day be acquired by a public company. For some mid-market manufacturers in particular, the ultimate goal may be acquisition by a larger public company. All of these companies should be aware of and mindful of the Sarbanes-Oxley Act and ensure that their ERP software solution includes built in tools to ensure compliance with Sarbanes-Oxley. In fact, all manufacturers should consider implementing procedures to ensure their compliance with Sarbanes-Oxley in order to meet industry standards regarding best practices.
Individual business processes including management controls are subject to a Sarbanes-Oxley compliance audit. When it comes to Sarbanes-Oxley, ERP software is a tool which, when effectively combined with appropriate procedures specific to an organization, can deliver the necessary management controls to pass Sarbanes-Oxley muster.