Stellent named as key player in Sarbanes-Oxley compliance

Stellent is one of the companies named as a strong performer in helping companies meet the requirements of the Sarbanes-Oxley Act in a new report from Forrester.

For the report, The Forrester Wave: Sarbanes-Oxley Compliance Software, Q1 2005, Forrester interviewed and surveyed 10 software vendors whom it regarded as market leaders. Of those 10 only two - Stellent and IBM - were from the enterprise content management (ECM) space.

The report named OpenPages as the leading market player but said of Stellent that it was the only vendor providing a "robust capability for content and records management for its SOX application."

The Sarbanes-Oxley Act requires greater transparency from publicly-quoted companies in the US (and their global subsidiaries) in their financial reporting, and also affects UK companies listed on US stock exchanges.

Currently, Stellent has one UK customer using its Sarbanes-Oxley solution, but expects to gain more, as non-US companies have until early 2006 to meet Sarbanes-Oxley compliance.

Stellent's Sarbanes-Oxley solution gives companies quick access to key documentation, such as disclosure controls documents and testing procedures. Version 7.5 of the solution, released in February this year, included improvements to usability and greater reporting capability, including pre-defined process, risk and control templates.

Dean Berg, director of compliance solutions at Stellent, said that there was increasing demand for a solution that had a wider application than Sarbanes-Oxley compliance: "Customers are starting to say, 'We want a tool that supports our internal audit programme and our risk management programme.'" In the UK, he added, companies had to meet an increasing number of regulatory requirements and were tending to look at the "bigger picture".

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