The Polish subsidiary of the global healthcare company Sanofi urgently needed to improve the security and efficiency of its business applications to meet the requirements of Sarbanes-Oxley. It used K2 software to develop over 100 automated business applications and transformed core business processes to become a far more efficient and auditable organisation.

Sanofi is headquartered in France but trades on the New York and Paris Stock Exchanges. Consequently, the organisation must comply with the Sarbanes-Oxley Act of 2002, a U.S. federal law that sets strict criteria for financial accounting and corporate governance. Sanofi Group carried out an internal Sarbanes-Oxley audit in early 2007 and found that several of its business processes were non-compliant.

The adoption of K2-based workflows has led to significant improvements in efficiency across the business. For example, the new workflow for approving company credit card expenditure imports statement data directly from the bank and exchanges it with the company’s enterprise SAP systems. Users only have to fill in a little additional information, which saves them a lot of time. Simultaneously, the accounting department saves time and can meet accounting deadlines because expense forms are more complete and easier to process.

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