Tuesday, November 23, 2004 SOX spending will grow to $5.8 billion in 2005, with the technology component rising from $1.13B in 2004 to $1.62B in 2005, a 43 percent increase. Overall, companies say that 42 percent of 2005 SOX spending will be for internal labor and headcount; 29 percent will be for outsourced services; and 28 percent will be for technology. The top four "hot button" areas for technology spending are document and records management; all types of security, (internal and external); business process management; and compliance management software. Line56.com: Technology Rising for SOX Previous articles Price of Regulatory Compliance Skyrockets, Accordi...
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