Will the Sarbanes-Oxley Act Impact Your CRM Project? CFOs Require Detailed Value Justification For IT Projects. But their IT staff lacks the skills to do it.

The Sarbanes-Obley Act is requiring financial justification and measurements for IT Projects. How will this impact Customer Relationship Management projects?

Atlanta, GA (PRWEB) May 7, 2003 -- The Sarbanes-Oxley Act signed into law last year are spurring some financial officers to demand more detailed information about the status of IT projects.

CIOs would like to treat projects as investments to increase their return and their value. However, their subordinates havent mastered the financial skills to assess their work's value. A soon-to-be released study1 found that eight out of 10 CIOs say a lack of staff financial skills makes it difficult to track IT investments' value.

According to a recent AMR Research Highlight , Vendors must address the issues of flexibility, pricing, and accountability or users will increasingly just build it themselves."

The current businesses practices have lead to high risk situations with under funded projects or initiatives not aligned with business objectives. The fact remains that the Sarbanes-Oxley Act creates a requirement for real ROI analysis regardless if it is purchased, outsourced, built in-house", said Anthony Sarno, President of ProveIT.

In this economic climate is important to document your due diligence with credible business cases that ensure you select projects that generate the highest return, in the shortest amount to time, with the least risk" said Anthony Sarno, CEO of ProveIT.

But Sarno, whose company specializes in measuring performance and analyzing return-on-investment (ROI), says the next generation of Fortune 500 CIOs will have better decision-making tools at their disposal which will help them live up to todays elevated expectations.

Sarnos company offers GoldPointä CRM, a financial modeling application that quantifies the value for CRM projects and includes measurable metrics.

ProveIT has done all the work to simplify the Capital Budgeting process and provides a simplified financial framework that anyone can learn. The un-advertised advantage for our customers is that this ROI approach works for ANY solution they may consider in the future.

ProveIT is currently offering a ROI Workshopä. This is a one day instructor lead, interactive session that combines financial modeling, activity based costing, and system architecture principles to quickly and objectively select the best solutions and tools, using Generally Accepted Accounting Principles (GAAP) business cases.

Anthony Sarno can tell you more about how technological advances are changing the way executives make critical business decisions. To arrange an interview, call 404 255 0847 or email asarno@proveit.net.

About ProveIT.net, LLC
ProveIT helps companies dramatically increase their bottom-line by transforming the way they buy and sell technology. ProveITs scalable Enterprise Business case Application Suite automates value justification throughout the project life cycle.

ProveITs technology helps solution providers immediately differentiate themselves by providing them with the capability to quantify and continuously measure the value of their offerings. For more information please visit ProveITs website at www.proveit.net.

CONTACT: Anthony Sarno of ProveIT.net, LLC, (404) 255-0847, or Asarno@proveIT.net

ProveIT.net, GoldPoint, and WEB ROI, are trademarks or registered trademarks of ProveIT.net in the United States and other countries. All other trademarks or registered trademarks are the properties of their respective owners.

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