Best SOX software and cost?

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1. When it comes to selecting the best Sarbanes-Oxley (SOX) compliance software, there are several options to consider based on features, user-friendliness, scalability, and cost. Here are some popular SOX compliance solutions:

   1. LogicManager: Comprehensive risk management and compliance software, offering modules specifically for SOX compliance. Pricing typically starts around $6,000 per year, depending on company size and required features.

   2. Workiva: Known for its superior collaboration features, Workiva provides integrated solutions for compliance, reporting, and auditing. Pricing can vary widely based on the scale of usage and may start around $15,000 annually.

   3. SAP GRC: This is a robust option particularly for organizations already using SAP solutions. The cost can be significant, often requiring custom quotes based on the organization’s needs, which can range from tens of thousands to several million dollars annually.

   4. Falconry: Offers a modern approach to SOX compliance with automation features. Pricing usually starts at around $5,000 to $10,000 per year, depending on the features and scale.

   5. AuditBoard: It provides an intuitive platform for managing SOX compliance and internal audits. Pricing is typically based on a custom quote, but many companies report spending between $10,000 and $20,000 annually.

   6. Galvanize (now Diligent): Offers an integrated risk management platform that includes SOX compliance capabilities. Pricing is also custom and varies by user requirements, often starting from $15,000 to $25,000 annually.

   When evaluating SOX software, consider your organization’s size, industry, specific compliance needs, and budget. It’s a good idea to request demos, take advantage of free trials, and compare pricing based on your specific requirements to find the best fit for your organization.

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