e-Synergy basis allows organizations to create internal control frameworks for financial policies and procedures
ANDOVER, Massachusetts – (July 12, 2004) – Exact Software, a leading provider of solutions that connect the people, processes and knowledge essential to an organization, today announced the availability of Exact Focus for Sarbanes-Oxley, a corporate governance solution that provides the internal control systems necessary to adhere to the financial compliance and auditing processes mandated by Sarbanes-Oxley.
Faced with new pressures to provide timely and accurate financial data, organizations large and small are actively seeking solutions that will offer assistance in building the necessary internal frameworks for corporate accountability. Built on Exact e-Synergy®, Exact Focus for Sarbanes Oxley allows businesses to create a real-time internal control system that links the critical documents, processes and individuals responsible for financial reporting within an organization. In the coming months, Exact plans to introduce a series of Exact Focus solutions specifically designed to address other compliance issues related to ISO, HIPAA and FDA CFR Part 11.
“The parameters of compliance regulations have become important to organizations of all sizes, not just publicly traded companies,” states Mike House, general manager of e-Synergy for Exact Software. “With e-Synergy, organizations of all sizes are able to manage critical processes and gain invaluable insight into their business.”
Financial governance issues supported by Exact Focus include:
Secure collaboration between subsidiaries and external accounting groups
Automated alerts on specific financial events
Audit trail to prevent or detect fraud
Automated workflow of financial documents to responsible parties
Real-time financial reporting
e-Synergy leverages a single, centralized database and 24/7 access to information and allow businesses to drive new levels of organizational efficiency by automating internal and external business processes. Through a series of portals specifically designed for suppliers, customers, partners and employees, e-Synergy makes it possible for each core constituency to actively participate in the workflow of an organization.
About Exact Software™
At Exact Software, we believe in Business Unified™ - being a leading provider of solutions that connect the people, processes and knowledge essential to an efficient, competitive business. Exact’s integrated solutions encompass executive control, accounting, manufacturing, distribution, online commerce, CRM, HRM, document management, Web portals, workflow and more, empowering collaboration among employees, suppliers, and customers with real-time access to central Web-based corporate information and exchange. Exact Software solutions provide greater visibility across the organization, maximizing control, productivity and efficiency for the entire value chain.
Exact Software is a division of Exact Holding N.V. (Amsterdam: EXAH.AS), located in Delft, the Netherlands, and has its North American headquarters in Andover, MA.
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