Altria Group Selects OpenPages SOX Express for Sarbanes-Oxley Compliance.WALTHAM, Mass. -- OpenPages, a leading provider of enterprise governance, risk and compliance management solutions, today announced that Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. (NYSE NYSE See: New York Stock Exchange : MO) has selected OpenPages' Sarbanes-Oxley Express (SOX Express) for its Section 404 compliance initiatives. Altria Group, Inc. is the parent company of Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for Inc., with 84.9% ownership of outstanding Kraft common shares, Philip Morris International Philip Morris International, (PMI) based in Lausanne, Switzerland, held a 15.5% share of the international cigarette market in 2005. Its brands, led by Marlboro and L&M, are sold in over 160 countries around the world. Inc., Philip Morris USA Philip Morris USA is the United States tobacco division of Altria Group, Inc. General information On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. Even under this new name, Altria continues to own 100% of Philip Morris USA. Inc. and Philip Morris Capital Corporation. "OpenPages is emerging as a leader for Sarbanes-Oxley compliance," said Florie Petti pet·ti n. pl. pet·tis 1. A woman's petticoat. 2. A pettislip. , IS Director at Altria Corporate Services. "With the added benefit of having an easy migration from Internal Controls Workbench to SOX Express, OpenPages will keep our initiatives on track while significantly upgrading our capabilities with respect to compliance." OpenPages' SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404. SOX Express is a focused enterprise application that combines powerful document and business process management with flexible reporting capabilities in an extremely easy-to-use environment that enables CEOs, CFOs, and financial management officers to enforce internal controls. SOX Express helps corporations automate significant aspects of their internal controls framework to significantly reduce the overall cost of compliance. Its dashboards can be used by project managers, documentation team members, internal auditors, and external auditors to plan, document, and test the internal controls of the company, and eventually to attest to the financial statements. About OpenPages Founded in 1996, OpenPages develops enterprise governance, risk and compliance management (GRCM GRCM Governance, Risk and Compliance Management (software) GRCM Goal, Rule, Checklist, Metric GRCM Gravel, Cemented (lithological term) GRCM Gnome Remote Connection Manager ) solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act See SOX. . For more information on OpenPages' line of enterprise governance and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com. OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners. |
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