Interpublic Group Selects OpenPages FCM Software for Sarbanes-Oxley Compliance

22 August 2008

OpenPages®, the leading provider of enterprise GRC management solutions that optimise business performance, today announced that Interpublic Group (IPG), one of the world’s leading organisations of advertising agencies and marketing services companies, has selected OpenPages® FCMSM for its Sarbanes-Oxley compliance programs. IPG chose OpenPages FCM given the flexibility and configurability of the solution which provides a streamlined and sustainable approach to IPG’s continued compliance with Sarbanes-Oxley. OpenPages FCM allows IPG to automate the ongoing test and review of its controls documentation to reduce the time, cost and complexity associated with Sarbanes-Oxley Sections 404 and 302.

“Given our set of compliance needs, the ability to configure a technology solution to fit our specific requirements was a critical factor in our decision to deploy OpenPages FCM,” said Chris Young, vice president, international control compliance, IPG. “OpenPages FCM gives us the flexibility to leverage the technology across each of our business units to make our compliance processes more efficient, resulting in a dramatic improvement on the time committed to our SOX compliance initiatives.”

A web-based, flexible and configurable solution for financial controls management, automates an organisation’s entire compliance lifecycle – from design and documentation, through test, review, approval and certification. Rich, interactive dashboards and reports provide executive management with assurance into the state of compliance, with quick and easy navigation to potential problem areas. As part of the OpenPages Platform, OpenPages FCM is a key building block in implementing enterprise-wide, integrated approach to governance, risk and compliance management.

“IPG’s selection of OpenPages FCM further validates our technological excellence in helping companies meet crucial Sarbanes-Oxley requirements,” said Gordon Burnes, vice president, sales and marketing, OpenPages. “OpenPages FCM will be an essential tool as IPG looks to both simplify and improve the efficiency of SOX reporting procedures, ultimately making such activities sustainable and repeatable across the enterprise.”

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