ICAM Features
ICAM is a web-based solution that implements internal controls as required by the Sarbanes-Oxley Act. ICAM is a highly effective solution that can be used with your existing supervisory controls and allows them to be managed from any location in the world that has Internet access.
ICAM Highlights
- Web-based implementation of internal controls for Sarbanes-Oxley compliance.
- Save time and money by eliminating the duplication of supervisory and SOX controls – one control covers both requirements.
- Easy deployment to meet compliance schedules and timelines.
- Minimal impact on existing business processes for seamless integration and minimal retraining.
- Easy to configure, use and maintain.
- Multiple level role-based assignments allow managers to sign off on each with optional review task that can be rolled-up for certification.
- Audit trails track changes made to data to aid in review and certification.
- Access security, data level audit trails and e-signatures aid certification of internal controls by management as well as external auditors.
Defines Organisation structures
- Main organisational structure can be automatically synchronised overnight via standard interface.
- Employee changes can be automatically synchronised overnight via standard interface.
- Enables definition of Reporting Structures, Risk Hierarchies and alternate structures.
- Execution Schedules automatically morph with the update of the structure.
- Execution Schedules automatically morph with the changes of employees.
- No additional control definitions changes are required (minimising administration overhead).
- No dedicated person required for signoff one will be automatically assigned.
Segregation of Duties
- Set by default for a control.
- Manual override possible. Specialised report for overridden controls and task assignme.
- Primary objective is the prevention of fraud and errors
- Enables management oversight of duties.
Structure based Scheduling / ICAM Pyramid Zone based Assignments
- Scheduling will only create task assignments based on the latest structure.
- Automatically takes into account changes of employees.
- Automatically takes into account changes of structure.
- Automatically taskes into account chain defintions.
- No additional control defintions changes.
Web Based System Administration
- Provides web based access to administration functions such as application configuration, user privileges, control template definitions, role assignments, drop down list configuration and account management.
Audit Trail
- Tracks both user and administrator actions.
- Fully secure and protected.
- Audit Trail of user logins, logouts, invalid Attempts, password changes and lockouts.
ICAM Security
- Enforces login requirements.
- Enforces minimum length and composition of passwords.
- Allows configuration of users and passwords.
- Transactional safeguards lockout users after configurable number of attempts and notifies administrators.