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BASE stands as the protecting light, guiding your operations and helping you avoid dangerous waters that can threaten your position in the marketplace.


 


AcuMaestro’s BASE Application for SOX

Market Opportunity

The requirements of the Sarbanes-Oxley Act of 2002 (SOA) have created an onerous compliance burden for companies, and a major focus for senior executives and financial organizations. SOA Section 409 of the Act requires ‘real-time issuer disclosures’ on ‘rapid and current basis’ on events that are defined by the act as having a material affect on the financial health of the company. The general goals are for companies to redefine their financial systems to achieve greater transparency, greater individual accountability, and faster reporting cycles. The burden is that companies that have spent large sums on business process re-engineering, and on technology to automate those processes will need to spend still more time and money on monitoring their business processes and systems for enterprise-level conditions that trigger SOA compliance events.
Differences in business systems across an enterprise, whether due to internal divisions or acquisitions, work against establishing and maintaining an automated enterprise-level monitoring, reporting, control, and compliance capability. Partly automated or manual systems for compliance involving existing e-mail systems, checklists, spreadsheets, and so on may provide a short term solution, but will be too costly to operate in the long term, and will not be able to provide the needed level of ongoing SOA compliance.

Business Opportunity

AcuMaestro’s business assurance solution suite is ideally suited to creating automated SOA monitoring, reporting, control, compliance, and improvement. The core of the solution suite is the software product, BASE (for Business Assurance Solutions Environment). BASE is a core engine for creating a normalized, consolidated data stream from disparate data sources, and for executing user-specified rules and formulas to determine process performance. The core BASE engine is extensible through libraries for specific application, and has been extended to provide "out of the box" capabilities to support automatic real-time SOA compliance management. BASE underpins the processes, frameworks, business models, tools, and governance structures that enable organizations to define, adapt, deploy, and execute their unique strategy. It has a powerful model based formula engine including an open formula definition interface that allows complex formula definition and calculation for the correlation and aggregation of business intelligence (BI). The combination of "out of the box" features and the cost efficient customization inherent in the BASE integration suite provide a unique and powerful tool that enable many new consulting possibilities, true section 409 compliance, and the potential to bring operations efficiency to a new level.

Implementation of the BASE solution for Sarbanes-Oxley (BASE/SOX) entails:

o        installation and configuration of BASE/SOX software

o        consulting on process engineering and improvement to define necessary measurements and control points

o        verification that the data sources are in fact reliable

o        integration to source systems

o        definition and testing of the BASE rules and formulas, and

o        ongoing consulting for the purposes of improvement.

This represents a substantial management consulting opportunity for a professional services firm partnering with AcuMaestro to bring the BASE/SOX solution to clients.
The BASE calculation engine acquires information from other management systems and/or operational environments, allowing the BASE system to perform valuable information collaboration that is organized both vertically and horizontally. Specific real-time measurable components are refined into Business Behavior Indicators (BBI) to provide an accurate picture of the current state of the business in sufficient detail to drill down to the individual customer services. The collection of BBI’s is then compared in real time against service objectives and reporting thresholds in order to verify internal (service and operational quality), external (with 3rd party vendors), or customer service level commitments and compliance with Business Performance Objectives. BASE provides up to date information revealing the efficiency of your business, the financial implications of your current performance levels, and automated support for SOA compliance.

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