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Direct SarbOx spending plateaus, but companies are finding investment in GRC pays off

Executives may have spent a lot of energy groaning about the burdens of Sarbanes-Oxley, but a growing number are beginning to recognize some rewards for ...

By Staff Writer | Updated on April 10, 2007

Executives may have spent a lot of energy groaning about the burdens of Sarbanes-Oxley, but a growing number are beginning to recognize some rewards for their companies’ efforts. Forty-two percent of respondents in an AMR Research survey of 200 companies, 68% of which had revenues in excess of $1 billion, admitted that employing best practices in governance, risk management and compliance have resulted in better and more streamlined business processes. Among the long-term benefits cited: better quality transactions, resulting in fewer errors; better quality processes; a more secure environment; and better visibility into operations.

Not surprisingly, even though spending on SarbOx compliance in 2007 is expected to match 2006 spending at about $6 billion, companies are choosing to increase other areas of governance and risk management spending. Respondents to the AMR survey reported they expected 2007 GRC investment to jump 8.5% to $30 billion.

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