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Amadeus Launches Its Governance Solution, eQCM Internal Control Manager to Help Organizations Achieve Excellence in Their Corporate Compliance Governance Initiatives
Quebec City, October 2nd, 2007- Amadeus International Inc. (TSX-V: Aii), a pioneer and leading provider of Enterprise Quality and Compliance Management software solutions, announced today the availability of its new internal control management software. The eQCM Internal Control Manager allows companies to solidify their Sarbanes-Oxley and C198 compliance programs through the implementation of business processes that will substantially reduce associated costs and efforts while enhancing the management of risks and internal controls related to the preparation and disclosure of financial information.
"After the first phase of complying with SOX and its Canadian counterpart, C198, companies realized that their compliance programs are in fact business processes that can be optimized and automated, much the same way compliance to ISO and other standards and regulations have been optimized throughout the years. Our customers are also telling us that they are striving to own a single platform for compliance to all norms, standards and regulations, instead of multiple vertical platforms and systems. These elements led to the development of eQCM Internal Control Manager, which allows streamlining of financial compliance processes without compromising accuracy, integrity, and oversight of the financial processes" said Yves Leblanc, President and CEO of Amadeus International.
The capabilities of eQCM Internal Control Manager for financial compliance and other enterprise governance initiatives will provide optimized business processes, greater control and clear visibility for all stakeholders. With eQCM Internal Control Manager, companies can centralize the documentation related to their entities, processes, accounts, risks and control objectives in a hierarchical financial control structure providing indicators of control effectiveness and outstanding issues. Now CEOs, CFOs, internal and external auditors, process owners and other stakeholders will be able to perform all of the required activities to insure compliance over financial reporting and disclosure.
The Amadeus eQCM Internal Control Manager allows companies to:
o Model their control environment on selected frameworks, including the COSO Framework.
o Centralize their documentation on internal controls through the mapping of controls and control objectives, risks, processes, accounts, and entities.
o Assemble a comprehensive financial control structure linking their organizational structure, chart of accounts, business processes, control objectives, risks and the controls themselves
o Identify target processes and accounts using a risk based approach to categorize controls and assign testing frequencies, methods, and responsibilities.
o Develop test plans with the possibility of adding configurable questionnaires.
o Create flexible workflows for evaluating the design of controls, testing their operational effectiveness, their certification and sign-off.
o Log issues, rank deficiency levels, assemble and execute corrective action plans.
o Produce management reports and indicators for test results, evaluation of findings, control effectiveness and others.
Using eQCM Internal Control Manager, companies will be able to monitor their compliance processes at any level of detail and provide evidence to the external auditors, investors and the general public that internal controls are in place and that control deficiencies are being addressed.
Starting today, eQCM Internal Controls Manager is available in two versions; first as an enhancement to the eQCM software platforms already deployed throughout our customer base and secondly, as a standalone solution for companies who require only the financial compliance processes.
About Amadeus International
Amadeus International is a pioneer and leading provider of Enterprise Quality and Compliance Management software solutions. For over 14 years, customers in the Life Sciences, Manufacturing, Financial Services and other industries have automated their compliance and quality processes using Amadeus software platforms. Its flagship product, eQCM®, offers an integrated and very cost effective solution for enterprise governance, risk management, quality and compliance management. More information on Amadeus and eQCM® can be found at www.amadeussolutions.com.
For further information:
Manon Rouillier
Marketing and Communications Director
Phone: +1 (418) 525-0606, ext. 2231
E-mail: manon.rouillier@amadeussolutions.com
Contacts:
Marketing:
Manon Rouillier Marketing and Communications Director
CAN
Phone: 418-525-0606 ext 2231
 E-mail this person
Company Information:
Name: Amadeus International
Address: 400 Jean-Lesage Boul., Suite 500
City: Quebec City
State: QC
ZIP: G1K8W1
Country: USA
Phone: 418-525-0606
FAX: 418-525-0909
http://www.amadeussolutions.com
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