19 March 2007

OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced CAC Corporation, a Japanese independent systems integrator and OpenPages corporate partner, has selected OpenPages FCM for its J-SOX compliance initiatives. OpenPages FCM allows CAC to automate the ongoing test and review of its controls documentation so that it may reduce the time and resource costs associated with financial reporting compliance and to help organisations better implement internal audit and enterprise risk management solutions.

A leading IT services company, CAC Corporation delivers an integrated suite of services, ranging from IT strategy formulation and consulting to system construction, operation and management. And since its foundation in 1966 as Japan's earliest independent software developer, CAC has been serving its customers in a wide range of areas including the financial, pharmaceutical, and consumer packaged goods industries. In April 2006, CAC partnered with OpenPages to jointly distribute solutions for financial controls management and operational risk management in Japan. CAC is headquartered in Tokyo, Japan with operations in New York, London and Shanghai.

"Given CAC's global presence, we were in need of a solution that would not only optimise compliance initiatives but would also reduce the costs associated with complying with the numerous financial regulations that our organisation must meet annually," said Susumu Fukushima, General Manager, Internal Control Promotion Dept. at CAC. "Recognising the value that our own customers found by using OpenPages' solutions for financial controls management, we look forward to implementing OpenPages FCM in-house to both effectively manage information and to automate key workflow processes."

OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in five languages, including Japanese, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organisation to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximises end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

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