August 27, 2004

Sarbanes-Oxley Software Solutions Gaining Momentum

by Paul D. Hamerman

with Jessica Harrington

Executive Summary (This is a document excerpt)

As the deadline for Section 404 approaches, Forrester has been monitoring the adoption of Sarbanes-Oxley (SOX) compliance software. Since the beginning of the year, we have seen a significant ramp-up in the number of customers for the leading solutions and we expect that this trend will continue through 2005. More than 700 companies have invested in these solutions to meet compliance for the initial Section 404 cycle. We will see an even stronger second wave of software adoption in 2005 by companies that elected to comply initially with in-house and auditor tools. These companies will progress to more sophisticated solutions to make the compliance process repeatable and more collaborative.

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