Ensure SOX (Sarbanes Oxley) compliance by securing vendor data, bank account controls, and payment integrity – powered by Trustpair’s automated account validation solution against vendor fraud.
SOX compliance refers to adherence to the Sarbanes-Oxley Act, a U.S. federal law introduced as part of the Public Company Accounting Reform and Investor Protection Act. Its purpose is to strengthen corporate governance, corporate accountability, and internal controls.
SOX compliance requires public companies, certain foreign companies, and IPO-ready organizations to ensure that financial information, financial records, and company’s financial statements, including the balance sheet, are accurate, auditable, and free from manipulation.
Weak internal controls, manual processes, or poor access management can lead to audit failures, financial restatements, and regulatory action by the Securities and Exchange Commission (SEC).
SOX compliance requirements focus on establishing an adequate internal control structure across the financial reporting process and holding corporate officers accountable. Most requirements fall into a few critical areas:
SOX compliance is mandatory for publicly traded companies and organizations preparing to go public, and it plays a central role in corporate governance and investor confidence. Under SOX, companies must demonstrate that their financial systems and company’s internal controls support reliable financial reporting and enhanced financial disclosures. This means ensuring that:
SOX compliance and fraud prevention are inseparable. Vendor fraud and data manipulation undermine accurate financial reporting and expose executives to regulatory risk under securities laws. Trustpair reduces SOX risk by:
Trustpair helps organizations meet SOX requirements by securing one of the most sensitive areas of financial reporting: vendor master data and payment controls. Finance teams can:
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SOX applies to U.S. public companies, foreign companies listed on U.S. exchanges, and organizations preparing for an IPO. While private companies are not directly subject to SOX, many adopt SOX-aligned controls to prepare for audits or investor requirements. Accounting firms and audit public companies must also comply with PCAOB standards.
SOX was enacted to combat corporate fraud and restore investor confidence. It requires companies to establish robust internal controls, conduct fraud risk assessments, and safeguard financial data, especially where payments and vendor data are involved.
Trustpair supports the SOX audit by strengthening controls that auditors examine closely: vendor data accuracy, payment authorization, and change monitoring. The platform provides audit-ready evidence for internal audits, external auditors, and independent audit committees.
Yes. Trustpair integrates with ERP, TMS, and procurement platforms to embed SOX compliance software directly into existing financial systems, reducing manual work while strengthening security and access management.
The four pillars of SOX excellence support long-term compliance and corporate accountability:
Together, they support compliance with the Sarbanes-Oxley Act, improve governance, and reduce regulatory risk.
A SOX compliance checklist helps organizations track and evidence compliance. It typically covers:
A strong checklist reduces audit findings and supports ongoing compliance.
"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."
"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."
"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."
“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”
“The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details.”
"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."
"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."
Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.
We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.
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