Software simplifies Sarbanes-Oxley compliance.
Press Release Summary:
Designed to aid mid-size and large organizations monitor key processes for performance and accuracy, software simplifies compliance with SOA Sections 302 and 404. Product offers event server and project management capabilities for streamlining and certifying internal audits that enable organizations to identify accounts; document, monitor, and measure internal processes; and disclose material events on real-time basis.
Original Press Release:
IFS Simplifies Sarbanes-Oxley Compliance
CHICAGO, Aug 25, 2003 - IFS announced a new packaged software solution that reduces the time and cost of compliance with the Sarbanes-Oxley Act (SOA). Designed to help mid-size and large organizations easily and efficiently monitor key processes for performance and accuracy, IFS' software simplifies compliance with even the most complex aspects of SOA - SOA Sections 302 and 404.
"With the passage of the Sarbanes-Oxley Act," said Michael Nordin, IFS North America president, "most companies, whether they are public organizations or private enterprises seeking investments, are facing lengthy, expensive audits. However, by deploying IFS software with its advanced event server capability and comprehensive project management capabilities for streamlining and certifying internal audits, organizations can more easily identify high value accounts, document, monitor and measure internal processes and disclose material events on a real-time basis."
The IFS SOA software solution is fully integrated with IFS' suite of 60+ web-based business applications. Since IFS Applications are component-based, companies can implement the SOA modules they require now, quickly and cost-efficiently adding other capabilities and applications as their requirements grow and change. And, there is no need to change any specialized systems already in place. Without requiring costly system integrators, IFS Applications can be easily integrated with other enterprise suite solutions, point solutions and even legacy systems.
About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises and organizations. IFS Applications, which can be implemented step by step, is based on web and portal technology. The solution offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance and human resource administration. IFS offers customers an easier, more open alternative that can be implemented step by step.
A leading global business applications supplier, IFS has 3,000 employees, with sales in 45 countries, and more than 350,000 users worldwide. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).
For additional information, contact:
John Bridges, VP Marketing, IFS North America
Phone: +1 520 512-2000
Fax: +1 520 512-2001
E-mail: john.bridges@ifsna.com
Chris Jensen, President, Jensen Market Relations
Phone: +1 714 847-7846
Fax: +1 714 847-4856
E-mail: chris@jensenmarket.com
IFS' Web: www.ifsworld.com
