DATASHEET

Archer Financial Controls
Monitoring®

Use Case for Regulatory & Corporate Compliance Management

The Challenge
Financial controls compliance programs are essential for publicly traded companies. TheSarbanes-Oxley Act of 2002 (SOX) set requirements for all U.S. public companies to ensurethat financial information is certified and accurate. These requirements reduce opportunities
for corporate fraud and set severe penalties for noncompliance. Across the globe, countries
have passed similar legislation that mirror the objectives of SOX in the U.S.
While some controls and processes are unique to a financial compliance program, there aremany that overlap with other compliance obligations that companies must also adhere to. If afinancial compliance program is run separately from other compliance initiatives, the inevitableoutcome is a hit to productivity as employees increasingly divert time away from strategic
activities in order to respond to duplicative compliance requests. The challenge is applying
a “test once, comply many” approach to streamline the compliance across various programs while
also meeting the unique obligations set forth by the financial compliance regulations.

Overview
Archer Financial Controls Monitoring enables organizations to assess and report on theperformance of financial controls across all enterprise-level assets. Building on the foundation
established with the Archer Controls Assurance Program Management use case, you can manage
multiple financial compliance projects and track associated tasks such as Provided By Client(PBC) lists, design and operating tests, as required by SOX, and similar financial regulations.
In addition, you can document process narratives and detailed steps with assignment ofownership and change tracking for each part of the process.
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With Archer Financial Controls Monitoring, you can consolidate your financial complianceprogram with other compliance programs on a single platform. Business owners gain
improved visibility into critical risk and compliance data to make fully informed, riskbased
business decisions in support of financial compliance. It also enables detailed financial
reporting to the organization’s leadership as well as the external auditors who certify theorganization’s program.

Features• Document, test and manage changes to		 key financial flows and processes that		 affect reporting elements.
• Create projects to manage the compliance		 testing and determine what should be in		 scope for each test cycle.
• Track process narrative walkthroughs		 and 302 Certifications.
• Manage PBC requests and test package		 creation for external auditors.

Benefits
Archer Financial Controls Monitoring provides:• Management of end-to-end financial		 compliance program for regulations		 such as SOX.
• Manage data requested and provided to		 external auditors.
• Track changes and approvals for any		 modifications to key processes, controls		 and evidence utilized as part of a financial		 compliance program.
• Streamline financial compliance obligations		 alongside other compliance programs.

About Archer
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decision-making
and operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven by both businessand IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage risk and compliancedomains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, theArcher customer base represents one of the largest pure risk management communities globally, with more than 1,200 customers
including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

@ArcherIRM

Archer Integrated Risk Management©2023 Archer Technologies LLC. All rights reserved. Archer and the Archer logo are registered trademarks or trademarks of Archer
Technologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archer
believes the information in this document is accurate. The information is subject to change without notice. 10/23 Data Sheet.