SOX Compliance in NetSuite:

Automate and get compliant in under a month

Three Steps to NetSuite Compliance

SOX compliance requirements are only going up — and cloud-based enterprise systems like NetSuite pose a special set of challenges. 

Strongpoint helps you meet some of the more unique audit requirements around ERP systems, giving you complete visibility into your scripts, workflows, user roles and permissions, dependencies, managed bundles, platform changes and NetSuite releases.

Read on for details, or use the form to download our eBook, Three Steps to NetSuite Compliance.

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"I could not imagine surviving as a public company without Strongpoint on top of NetSuite"

— Dave Witty, ZoomInfo

Read our case study to learn how Witty used Strongpoint to get SOX compliant in just 30 days. 

Strongpoint and SOX

Strongpoint automates the most time-consuming, error-prone parts of audit prep.

Here's how. 

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Account Documentation

If you don't have accurate documentation of your system, your path to passing a SOX audit is much more difficult. Auditors will want to see that you're aware of if and how changes to your system will affect revenue recognition. And the more complex your account is, the harder it is to be confident about this.  

Strongpoint starts by scanning your NetSuite environment and creating a comprehensive record of all your customizations, dependencies and critical settings and preferences. It automatically keeps this information up-to-date, and gives you several out-of-the-box tools for working with it.

Learn More about Documentation

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Impact Analysis

You can't get SOX compliant without an efficient change process. And you can't get efficient change processes unless you have effective impact analysis. When you know the effect of a change ahead of time, you can build smart policies to review what's risky and pre-approve what's safe. 

That's exactly what Strongpoint does. We give you access to accurate impact analysis before you make a change, so you no longer have to rely on guesswork to know what requires investigation. 

Learn More about Impact Analysis

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Change Management

Going through these system notes to identify changes that are relevant to auditors, and tying those changes back to approvals that took place outside the system, is incredibly time-consuming. In fact, it's one of the biggest pain points for NetSuite teams in the lead up to an audit. 

We designed Strongpoint to solve this problem. Our change management tools are built on smart, risk-based policies and automation. Inside NetSuite or integrated with your ticketing system, we help you create airtight processes and controls that make passing an audit easy and stress-free. 

Learn More about Change Management

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Reporting and Reconciliation

Strongpoint automatically tracks the changes and updates that are the most difficult to capture manually. It continuously audits every change, pre-clearing those that are safe, and automatically alerting Admins and managers when a high-risk change occurs without the proper approval.

This functionality can be easily integrated into Jira and ServiceNow using pre-configured plugins, so that your teams can continue using those platforms while taking advantage of Strongpoint’s industry-leading impact analysis and change policies.

Learn More about Reporting

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Segregation of Duties

NetSuite contains 636 distinct permissions, which govern 4923 separate tasks, searches and records. Because of this complexity, managing segregation of duties effectively takes time and resources most admins and finance teams don't have. And even if things are clean and streamlined at all times, automation can introduce 'phantom conflicts' that auditors will read as control deficiencies. 

Strongpoint contains out-of-the-box rules and tools that make it easy clean up streamline access to your NetSuite account and identify phantom conflicts that read as violations to auditors. 

Learn More about SOD

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Master Data and Financial Controls

Not all transactional behavior can be managed through roles and permissions alone. To manage these risks, you need a solid system of detective controls.

With Strongpoint’s master data and financial controls, you can move from static monitoring to active response — and create an auditable trail that will make compliance easier. Strongpoint converts saved searches into powerful detective controls that route violations to the proper authority for review and clearance, and collects it all in a separate, auditable GRC system. 

Learn More about Financial controls

"It really helps to have those checks and balances."

— Emily Tillis, Bandwidth

Public CPaaS company Bandwidth uses Strongpoint to reduce audit prep to three reports. Check out the case study to learn how they did it. 

See Strongpoint in Action — Book a Demo

Get in touch to book a free needs assessment with one of our SOX compliance experts. We'll provide a comprehensive review of your system, your processes and your setup — and let you know if Strongpoint can help make the compliance process fast and simple.

Read our blog post on financial exception tracking-1