IBS America Announces Expanded Sarbanes Oxley Capability |
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IBS America, Inc.
125 Hartwell Ave.
Lexington, MA, 02421
USA
 
Press release date: October 16, 2006
CompliantPro Software Features Enhanced Applications for Sarbanes Oxley Compliance
LEXINGTON, Mass., Oct. 16 -- IBS America, a leading provider of compliance management solutions essential to creating a "Culture of Compliance," today announced that CompliantPro has been updated for easier monitoring, assessment and reporting related to Sarbanes Oxley regulations. The new capabilities are available as an add-on option for the existing CompliantPro software.
The expanded version features tools to measure risk in real world terms (such as exposure to fines), track risk response and documentation, identify the roots of delays or non-compliance and perform the required reporting.
IBS' CompliantPro is a comprehensive, Web-based solution for compliance and quality management. With its robust, flexible framework, CompliantPro can support any initiative to help reduce risk and increase governability. The product provides a platform to manage compliance activities for the full spectrum of regulations and standards across the enterprise.
"CompliantPro has always fostered efficient, streamlined compliance management that saves companies time and high costs," said Matthias Grossman, CEO, IBS America. "Thanks to our extensive research, collaboration with SOX expert partners and attention to user feedback, the product is better suited to the needs of the Sarbanes Oxley compliance manager."
Already a leading provider of compliance solutions, IBS has bolstered its SOX compliance offerings through strategic partnerships with leading consultants. Recently the company announced that Global Atlantic Partners, a respected risk management consultancy, is working with IBS America to provide CompliantPro customers with SOX compliance readiness and risk management advice and analysis.
"As a longtime IBS customer, I have been impressed by their commitment to meeting the evolving needs of the compliance manager," said Andy Smolko, Director of Quality for Centrality Communications, Inc., a leading provider of platforms for navigation infotainment systems. "These CompliantPro enhancements confirm what I already knew -- that IBS continually develops its products to exceed industry standards and address compliance trends."
IBS works with customers to foster a "Culture of Compliance," a holistic approach to all their compliance needs. Savvy compliance managers examine the common elements of all their compliance initiatives, and work to build a common, coordinated management structure. With its improved capability to meet diverse compliant needs, the enhanced CompliantPro helps companies fulfill this objective.
IBS has authored two whitepapers on compliance best practices: "Building a Culture of Compliance for a Culture of Confidence," and "How to Build and Maintain a Culture of Compliance." To access these whitepapers, please click: http://www.ibs-us.com/ .
CompliantPro
CompliantPro is the only solution that manages all aspects of compliance including document control, notifications and alerts, escalation and employee training, ensuring that information is available and accessible. Easily configured to any organization's process workflows, CompliantPro is designed to conform to corporate compliance and business processes.
The system is suitable for one location or distributed global operations and features a personalized dashboard with real-time tracking to provide users with immediate visibility into the status of documents and tasks. CompliantPro, being entirely Web-based, can be accessed from anywhere using a standard Web browser, allowing enterprise-wide compliance management across all departments, business units and organizations.
Additional CompliantPro features include:
o Maximum document control -- flexible framework for creating, modifying, approving, releasing and archiving all types of compliance documents -- with automatic notifications sent to approvers and recipients at every stage
o Corrective and preventative action (CAPA) -- enables rapid identification, analysis and correction of compliance-related deficiencies. Allows for easily generated corrective action requests (CARs) and preventative action requests (PARs) with each type action request able to have its own resolution workflow
o Comprehensive assessments -- helps organizations effectively audit processes to ensure compliance with all relevant standards and regulations -- with internal assessments and supplier assessments scheduled, created and executed online
o Training and qualification -- a single, powerful repository for employee training and certification information, including course information, job position requirements and employee training profiles, allowing employees to self-acknowledge completion of training
About IBS
Created by the acquisition of Quality Systems International (QSI) in 2001, IBS America, Inc. is a wholly owned subsidiary of IBS AG, the leading provider of highly integrated software applications that enable businesses to achieve and maintain compliance with a wide range of industry standards and regulations.
IBS boasts more than twenty years of experience helping thousands of customers profitably produce and deliver products and services while overcoming ever-evolving business challenges. IBS provides the integrated software technology necessary to create a Culture of Compliance that cuts across corporate "silos" and instills confidence in the organization's ability to achieve compliance goals.
Source: IBS America
CONTACT: Greg Wind Fleishman-Hillard, +1-617-692-0542, greg.wind@fleishman.com
Stephen Cummings IBS America, +1-781-862-9002, stephen.cummings@ibs-us.com
Web site: http://www.ibs-us.com/
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