ACUMEN/SOA Aids Companies in Compliance with Sarbanes-Oxley Act Section 409.Business Editors LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 2003 ACUMEN's Capabilities Grow from Financial Analysis of Historical Data to Forward-Looking Analysis, Predictive Forecasting and Auto-Trend Analysis to Aid Companies in Section 409 Compliance ACUMEN Financial Solutions announces ACUMEN/SOA, a unique tool with predictive forecasting, trend analysis and extended graphic representations. ACUMEN/SOA was developed specifically to aid companies scrambling See scramble. to comply with the requirements of the Sarbanes-Oxley Act See SOX. ("the Act") Section 409. Section 409 of the Act requires that public companies disclose to the public on a rapid and current basis information concerning material changes in their financial condition or operations, including trend and qualitative information and graphic presentations. ACUMEN/SOA is uniquely positioned to help companies comply with Section 409 by providing a tool to rapidly determine how any changes in their current condition will effect future operations. Features, such as trend analysis and predictive forecasting, look at historical data in order to give executives and financial staff an instant picture of current conditions and how they will (or will not) affect future performance. "The corporate market is demanding software tools that will help it comply with the new requirements set forth in the Sarbanes-Oxley Act," says Elmer Easton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACUMEN Financial Solutions. "While most of the activity so far has been focused on Section 404, ACUMEN/SOA uniquely and specifically addresses Section 409. It provides instant, deep and detailed analysis of historical data, then rolls trend information forward, all in an easy-to-read graphic format. This gives financial executives a clear picture of how new information affects their company's future, and helps determine whether they have a reportable condition or event. ACUMEN/SOA complements Section 404-focused software solutions, together providing a more comprehensive response to the Act." A copy of the ACUMEN/SOA Summary Specification is available at http://www.threedgraphics.com/tdg/products/financial/acumen/SOA.html. ACUMEN/SOA users first build a model of their reporting financials, which can be as quick and easy as importing a model from an Excel(TM) spreadsheet. The range editor is then used to set allowable limits for all or selected accounts, such as revenue, operating costs operating costs npl → gastos mpl operacionales or net profit. If a "What if" calculation returns an out-of-range result, ACUMEN prompts the user with suggested best solutions and an opportunity to make adjustments as desired. Rich Graphics and Visuals Enhance Comprehension comprehension Act of or capacity for grasping with the intellect. The term is most often used in connection with tests of reading skills and language abilities, though other abilities (e.g., mathematical reasoning) may also be examined. , Promote Ease-of-Use for Non-technical Users Customized views, interactive graphs, charts and other visuals provide an in-depth view of preceding periods. Forward-looking trend values based on the analyses are updated on command. Each new period can be scrutinized for reportable or material changes. User-friendly graphical interfaces See GUI. allow the user to test changes by dragging a slider A block of material that holds the read/write head of a magnetic disk. See flying head. to increase or decrease a specific line item. Results of the change are instantly reflected throughout the entire financial statement. About ACUMEN Financial Solutions, Inc. and Three D Graphics ACUMEN Financial Solutions, Inc. develops and delivers executive-level financial analysis, planning and visualization Using the computer to convert data into picture form. The most basic visualization is that of turning transaction data and summary information into charts and graphs. Visualization is used in computer-aided design (CAD) to render screen images into 3D models that can be viewed from all tools for mid-market corporations. It is a subsidiary of Three D Graphics, the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae developer and licensor of data-driven financial analysis, charting and graphics software for many of the global software companies providing business intelligence, presentation, spreadsheet and graphics applications. ACUMEN Financial Solutions, Inc. and Three D Graphics are located at: 11340 West Olympic Blvd., Suite 300, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA 90064. Phone: 310/231-0600. Fax: 310/231-3303. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.threedgraphics.com and http://www.acumenfs.com. |
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