myC.R.O. Solutions Launches Sarbanes-Oxley Gap Analysis Capability - Comply™ Surpasses Reporting Requirements, Gives Enterprise View
myC.R.O. Solutions today announced the introduction of the new myC.R.O. feature ComplyTM, which clearly quantifies the gap between the regulatory requirements set forth by Sarbanes-Oxley and a public company’s existing enterprise technology environment.
New York, NY (PRWEB) June 15, 2005 -- www.MyCROSolutions.com – myC.R.O. Solutions, a leading
technology risk measurement and management firm, today announced the
introduction of the new myC.R.O. feature ComplyTM, which clearly quantifies the
gap between the regulatory requirements set forth by Sarbanes-Oxley and a public
company’s existing enterprise technology environment.
With Sarbanes Oxley
(SOX) carrying significant penalties, hefty fines and even jail time, more and
more American companies are looking for tools and services that help to clearly
convey to customers, employees and shareholders how they are assuring that their
companies are being run in honest and ethical manners.
“The challenge
currently exists for corporate executives of public companies to find
cost-effective tools that clearly identify to what degree their entire
enterprise is – or is not - Sarbanes-Oxley compliant,” said KoniKaye Jeschke.
“This is why we are receiving such positive feedback to the Comply feature of
the myC.R.O. risk measurement and modeling tool.”
With Comply, myC.R.O.
Solutions is leading the way to help public corporations effectively meet and
even exceed required SOX reporting criteria.
Outcomes of Comply include
the following:
- Gap Analysis which quantifies how near to, or far from, SOX
compliance the company actually is
- Risk Mitigation Insight which includes
detailed visual reports and illustrations of how each potential technology
change will result in more, or less, compliance with SOX
- Automated
Reporting which continuously illustrates how each change in enterprise
technology has served to narrow, or widen, the SOX compliance gap
“No
other risk measurement tool or consulting service has the ability to conduct the
objective and consistent measurement of Comply’s ongoing automated reporting
function,” said Chuck Buckley, myC.R.O. Solutions, EVP. “Only with Comply, can
public organizations visually simulate how a technology change moves a company
closer to – or further away from – SOX compliance.”
The new Comply
feature will debut at the June 15 – 16, 2005 Robert Frances Group “Reducing
Risk, Restoring Trust: A Leadership Role for IT” Summit in the New York City
Puck Building.
To meet and exceed Sarbanes-Oxley reporting requirements
contact myC.R.O. Solutions about Comply™: www.mycrosolutions.com or
call 763-377-3241.
About myC.R.O. Solutions
myC.R.O. Solutions is
dedicated to applying process maturity and quality assurance principles to
complete enterprise technology risk management, planning and implementation.
myC.R.O. Solutions has developed the proprietary Risk Analysis Engine (RAE)
product and its supporting Comply™ module. KoniKaye Jeschke, President and CEO,
was named a Finance-Commerce 2004 Innovator of The Year for development of a
breakthrough approach to quantifiably model business technology risk.
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Source : http://www.prweb.com/releases/2005/6/prweb251018.htm