Software provides auditing and balancing for open systems.
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Press Release Summary:
ViewDirect®-ABS helps ensure integrity and consistency of enterprise information and enhances control for Sarbanes-Oxley compliance. It automates balancing and reconciliation processes that are typically subject to human error when performed manually. ViewDirect-ABS ensures accuracy by auditing and balancing data across applications and platforms and alerts key personnel when irregularities are detected. ViewDirect-ABS is a component of ViewDirect TCM software.
Original Press Release:
Mobius Unveils Audit and Balancing Tool for Open Systems
ViewDirect-ABS Enhances Control for Sarbanes-Oxley Compliance
RYE, N.Y.--Dec. 10, 2002--Mobius Management Systems, Inc. (Nasdaq:MOBI), a leading provider of software for total content management (TCM), today announced the availability of ViewDirect(R)-ABS for open systems, an audit and balancing system that helps ensure the integrity and consistency of enterprise information.
ViewDirect-ABS provides a control that enhances confidence in the accuracy of financial reporting and certification as required by the Sarbanes-Oxley Act of 2002. The software automates the balancing and reconciliation processes that are typically subject to human error when performed manually. This release extends the operating platforms for the product, which has been used in OS/390 environments.
The Sarbanes-Oxley Act, signed into law in July 2002, requires corporate officers to certify that the financial information they report fairly presents the financial condition and operating results of their companies. The Act requires internal controls designed to ensure that material information is made known to corporate officers and that financial data is appropriately recorded, processed, summarized and reported. ViewDirect-ABS ensures accuracy by auditing and balancing data across applications and platforms and alerts key personnel when irregularities are detected. The product is a component of ViewDirect TCM, an integrated suite of solutions for total content management.
"The pressures on corporations have never been greater," said Brendan English, vice president of quality solutions at Mobius. "CEOs and CFOs are personally accountable for the accuracy of financial information and the IT staff has to deliver the solutions that support enterprise reporting. The challenge is made more complex by the distribution of financial information across a heterogeneous computing environment. The ability of ViewDirect-ABS to balance across applications, data types, database structures and operating environments is a critical key to its value."
ViewDirect-ABS is fully integrated with the ViewDirect TCM repository and with WorkflowDirect(TM), Mobius's Java-based business process platform. Reports and documents in the repository can be processed in ViewDirect-ABS and a document's arrival in the repository can trigger the balancing process. WorkflowDirect automates actions to be taken when unusual conditions are detected.
Additional key capabilities of ViewDirect-ABS include:
o A "record and playback" facility that transforms the user's knowledge of balancing requirements into rules that automate the process.
o A control-total database of extracted values used for period-to-period and application-to-application balancing.
o A line-item reconciliation process that extracts detail data from multiple sources for comparison at the transaction level. Line-item reconciliation can be automatically triggered when an out-of-balance condition is detected.
"ViewDirect-ABS is a versatile tool that can be used for a wide range of applications in addition to financial reporting," said English. "Examples include inventory control, exception reporting for retail sales and managing inter-bank transactions. The ability to trap inconsistencies, pinpoint erroneous entries and take corrective action without interrupting processing can improve organizational productivity and reduce the costs of lost and misdirected information."
ViewDirect-ABS is available now. For pricing information, please contact Mobius.
About Mobius
Mobius Management Systems, Inc. (www.mobius.com) is a leading provider of integrated solutions for total content management. The company's ViewDirect(R) TCM Content Repository serves as the foundation for a software suite that meets a broad range of content-intensive e-business requirements, including Web content management, workflow and imaging, Internet presentment and payment, and enterprise report distribution. Mobius products are used by more than one million customers and employees of nearly 1,300 organizations worldwide. More than sixty percent of the Fortune 100 companies use Mobius software. The Company, founded in 1981, is headquartered in Rye, New York, with nine U.S. offices, as well as subsidiaries in England, France, Germany, Italy, Sweden, Switzerland, Benelux, Australia and Japan.
CONTACT: Mobius Management Systems, Inc., Rye
Renee Hewitt, 914/921-7356
rhewitt@mobius.com
