Software manages and monitors internal business controls.
Press Release Summary:
Workplace for Business Controls and Reporting v2.5 is based on open standards using industry-leading control frameworks. It provides unified approach for corporations to document, monitor, and test internal controls that can help bring confidence and management control to financial control and reporting practices. E-mail notifications help ensure corporate control policies and timelines are met, and instant messaging may be used to accelerate exception resolution.
Original Press Release:
IBM Workplace for Business Controls and Reporting V2.5 Adds New Functionality and Flexibility to the Risk and Compliance Portfolio
Overview
IBM Workplace for Business Controls and Reporting helps companies manage and monitor their internal business controls. In light of increased legislation in the area of business controls, IBM Workplace for Business Controls and Reporting V2.5, (formerly IBM Lotus® Workplace for Business Controls and Reporting) is a key solution which provides a unified approach for corporations to document, monitor, and test internal controls that can bring management increased focus regarding control, financial control, and reporting practices while helping to drive down the cost of compliance efforts .
With IBM Workplace for Business Controls and Reporting V2.5, process owners and CFO's, and others in the financial reporting chain have role-based access to crucial data. To help ensure corporate control policies and timelines are met, customized e-mail notifications are available and instant messaging may be used to accelerate exception resolution.
Delivering ongoing business value
IBM Workplace for Business Controls and Reporting V2.5 is based on open standards using industry-leading control frameworks. This approach allows flexibility in developing business solutions while leveraging current IT investments. It also streamlines the complex process involved with compliance-related audits and reporting, and enables customers to potentially save time and money.
V2.5 allows organizations to help drive down the cost of control with new features to help manage organizational change, simplify testing and auditing, and help improve performance through an update option that provides different departments with the most current data at their fingertips.
Note: Customers are responsible for ensuring their own compliance with the Sarbanes-Oxley Act. It is the customer's sole responsibility to obtain advice of competent legal counsel as to the identification and interpretation of any relevant laws, including but not limited to, the Sarbanes-Oxley Act, that may affect the customer's business and any actions the customer may need to take to comply with such laws. IBM does not provide legal, accounting, or audit advice or represent or warrant that its services or products will ensure that the customer is in compliance with any law.
Planned availability dates
February 24, 2005: Electronic software delivery
April 4, 2005: Media and documentation
