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Since the inception of the Sarbanes-Oxley Act in 2002, CFOs have had a laser-like focus on complying with its vast number of rules and regulations. Although the legislation is targeted primarily at board governance and accounting practices, its reach extends across the organization and into human resources. Today, CFOs are realizing there are several business processes residing in the HR department that have a direct and material impact on corporate financial statements. Furthermore, CFOs are looking to their human capital management (HCM) organizations as the single best communication vehicle to disseminate compliance training and other critical information.
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