61% of companies are not SOX-compliant yet
Despite years of effort, nearly 61% of companies say they have not yet completed implementation of their Sarbanes-Oxley (SOX) compliance processes. At the same time, about 64% of those tracking SOX metrics report that they have already identified deficiencies within their financial/ERP database environments related to Sarbanes-Oxley. Among organizations with more than 5,000 employees, 80% of the respondents say they require four or more full-time employees to manage database monitoring and compliance reporting ? which translates into a fully loaded operations cost approaching $500,000 per year.