Compliance
Allegro solutions help ensure full compliance.
Sarbanes-Oxley, FASB 133, FRS 39 and IAS 39 are only part of the challenge. The profusion of local, state/provincial and national jurisdictions make it difficult to ensure that all operations and transactions stay within the law. With regulatory complexity rising, how can companies practice cost-effective compliance?
Allegro’s full integration and other capabilities such as automated messaging and alerts provide companies across the energy industry with unparalleled compliance advantages. Allegro solutions provide:
- complete visibility across entire transactions and business processes.
- automated, end-to-end tracking and audit capabilities.
- tracking and secure archiving of every user access and action,
and every associated document.
- regulatory compliance customized to each applicable jurisdiction,
from local to international.
- statutory reporting tailored to comply with requirements of applicable jurisdictions.
Visibility coupled with robust Allegro messaging also enables real-time alerts of conditions and events requiring immediate action. If an out-of-compliance condition occurs, designated users can learn about it immediately.
Allegro solutions dramatically reduce another common source of regulatory and contractual violations: human error resulting from redundant data entry. Complete integration across multiple commodities and business functions eliminates redundant data entry. All aspects of the business tie into an integrated Allegro application environment, and operate from a single database across multiple commodities and user processes.
Companies gain huge efficiencies, eliminate rework resulting from errors, and substantially improve compliance. Further, accounting and compliance can be seamlessly integrated with existing or Allegro-provided AR, AP and GL applications.
