Gotcha! Complying With Financial Regulations ; The process never ends Bringing your systems into compliance with a new financial reporting law may be your biggest information- technology expenditure this decade.

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The process never ends Bringing your systems into compliance with a new financial reporting law may be your biggest information- technology expenditure this decade. Some say implementing compliance with the Sarbanes-Oxley Act is a bigger project than Y2K bug fixes. "That might seem extreme," says Kraig Haber, director of financial product marketing at SAP. "But Y2K was a single task - this is a recurring one."

"We've seen clients invest tens of thousands of hours to achieve minimal Sarbanes-Oxley compliance," says Gregory Derderian, managing director of the World-Class Finance practice at consultancy BearingPoint.

Speed is a requisite …