OpenPages Partners with Cognos to Deliver Advanced Monitoring and Reporting Capabilities for Sarbanes-Oxley Compliance Processes
WALTHAM, Mass.--(BUSINESS WIRE)--Aug. 10, 2004--OpenPages, a leading provider of enterprise governance and compliance management solutions, today announced extended capabilities for monitoring Sarbanes-Oxley compliance processes through a partnership with Cognos, (NASDAQ: COGN; TSX; CSN) the world leader in business intelligence (BI) and corporate performance management. OpenPages will combine OpenPages' Sarbanes-Oxley Express (SOX Express) and Cognos ReportNet(TM) to provide corporate management with better insight into the current state of company operations and greater confidence for quarterly Sarbanes-Oxley assertions required for compliance. Companies can leverage this insight to reduce the cost of compliance while improving business processes.
"Sarbanes-Oxley is a means for proactive companies to transform compliance from a costly business requirement into an opportunity for continuous business improvement," said Peter Morgan, vice president of marketing at OpenPages. With integration to Cognos ReportNet, our customers gain sophisticated, ad-hoc reporting and data analysis capabilities to provide management with valuable information for improved decision-support."
Cognos ReportNet offers a complete Web-based report and query authoring environment, extensive multi-lingual support, and modern Web Services architecture to meet the needs of today's multi-national, diversified enterprises and to dramatically reduce total cost of ownership. Designed to scale to hundreds of thousands of users, Cognos ReportNet draws upon Cognos query and reporting leadership, delivering a revolution in reporting.
"We are excited OpenPages chose to work with Cognos to offer joint customers a compliant-ready solution designed to meet the goal-driven requirements demanded by today's organizations," said Ted Jandl, vice president, worldwide OEM partners, Cognos. "In working with our partners, we are delivering solutions that provide unmatched functionality, ensuring our customers have a single, reliable, and accurate view for both balances and details of the company's financials. This allows organizations to link individual execution with overall business strategy across the enterprise - this is the essence of corporate performance management."
OpenPages' SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404. SOX Express is a focused enterprise application that combines powerful document and business process management with flexible reporting capabilities in an extremely easy-to-use environment that enables CEOs, CFOs and financial management officers to enforce internal controls. SOX Express helps corporations automate significant aspects of their internal controls framework to significantly reduce the overall cost of compliance. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls of the company, and eventually to attest to the financial statements.
For more information on OpenPages' line of enterprise governance and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com.
About OpenPages
Founded in 1996, OpenPages develops enterprise governance, risk and compliance management solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act.
OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.
Contacts
OpenPages
Ed Thomas, 781-647-3800 Ext. 241
ed_thomas@openpages.com
or
Lois Paul & Partners
Mike Antonellis, 781-782-5832
mike_antonellis@lpp.com
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