Spreadsheet Software helps meet Sarbanes-Oxley compliance.
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Press Release Summary:
SOX-XL Spreadsheet Controls solution provides spreadsheet controls and compliance to meet Sarbanes-Oxley (SOX) requirements for internal controls of key financial reporting processes. It implements internal controls such as cell-level audit trails that track all changes to spreadsheet formulas and other critical data. Software features audit trail management, reporting, collaboration and workflow, email notifications, configuration capabilities, and multiple security mechanisms.
Original Press Release:
CIMCON Software Announces New Release of Its Market-Leading SOX-XL Spreadsheet Controls Solution for Sarbanes-Oxley Compliance
BEDFORD, Mass., June 6, 2007 - CIMCON Software, Inc., the pioneering market leader in spreadsheet compliance and controls, today announced the latest release of its leading SOX-XL Spreadsheet Controls solution for Sarbanes-Oxley compliance. The new release is available now and already shipping to customers.
CIMCON's industry-leading SOX-XL solution provides spreadsheet controls and compliance to meet Sarbanes-Oxley (SOX) requirements for internal controls for key financial reporting processes. SOX-XL implements internal controls such as cell-level audit trails, security, and accountability. Cell-level audit trails track all changes to spreadsheet formulas and other critical data. Multiple security mechanisms include secure, role-based access to spreadsheets such that only authorized users can make changes to financial data. Based on a review of the audit trail, supervisors and managers can certify each sub-process and the validity of data using role-based electronic signatures. These signatures are then rolled up to the officers of the firm to greatly ease their task of certifying financial reports and procedures. Collectively, these controls close the compliance loop and aid in certification of internal controls by both management as well as external auditors.
The new SOX-XL release includes a better and seamless end-user experience, enhanced audit trail management, improved reporting, collaboration and workflow, enhanced email notifications, improved configuration capabilities, and a host of other enhancements. A majority of the changes were driven by user feedback and requests from CIMCON's large customer base of over 150 customers. The new release leverages SOX-XL's proven and mature compliance platform and a 5-year history of use providing current and future customers with the assurance of preserving their technology investment for the long term.
The SOX-XL suite of products provide the industry's most comprehensive spreadsheet lifecycle solutions from discovery, risk assessment, analysis, and controls to archiving and record retention. CIMCON Software is also the first company to provide compliance solutions for Access databases in a single integrated platform to provide our clients with one-stop End User Computing (EUC) solutions.
About CIMCON Software, Inc.
With 19 years of innovation, experience and knowledge, CIMCON Software, Inc. is a pioneering Market Leader in providing a complete range of Spreadsheet Controls and Compliance solutions. CIMCON's Spreadsheet Compliance Technology is a de facto Industry Standard with the Largest Installed Client Base of over 150 Companies for regulatory compliance, including the Regulator of America's Capital Markets and an enforcement arm of the Securities and Exchange Commission (SEC), and America's Largest Mortgage Company with nearly a trillion dollars in loans. With a client base spanning North America, Europe and Asia and a 5-year history of use, CIMCON's spreadsheet compliance technology has been selected and implemented worldwide by many Fortune 500 corporations as a Global Corporate Standard for Regulatory Compliance.
Marketing Contact:
Stephen Thornton
Manager, Sales and Marketing
Tel: (866) 727 8117
Email: sthornton@cimcon.com
For more information about CIMCON Software's market-leading Spreadsheet and Database Compliance Solutions, please visit www.sarbox-solutions.com.
