Arrow Electronics Kicks Off Compliance Initiative For HP Solution Providers.COLORADO SPRINGS, Colo. -- How to take advantage of the emerging opportunities around end-users' need to comply with federal and other mandates is one of the hot topics to be presented at Alliance Summit, a new top HP customer event hosted by the SBM SBM - Solution Based Modelling Division of Arrow Electronics Inc. (NYSE NYSE See: New York Stock Exchange : ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) taking place this week at The Broadmoor luxury resort in Colorado Springs, Colo. The session, "Understanding Your Customer's Information Technology Compliance Problems," is designed to help Arrow's HP solution providers understand and seize upon opportunities arising from compliance and regulatory requirements such as the Sarbanes-Oxley Act See SOX. . Led by Barclay Blair, author and consultant with Kahn Consulting, the session will help resellers understand how government regulations translate into sales opportunities. Blair will present a new and practical methodology that solution providers can use when building policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental for ensuring that end-users' information is managed in a compliant manner. To support and leverage the information delivered during the session, Arrow will also launch a comprehensive program for Arrow's top HP solution providers that is focused on end-user compliance. Solution providers will be able to utilize Arrow's resources for new business strategy development, planning, channel marketing, sales solutions, and execution. Some of the deliverables of the program include compliance-focused training sessions, solution sales workshops, pipeline building tools, and integrated marketing campaigns. The program, which splits the costs between Arrow, HP, and participating solution providers, will help solution providers identify and drive new revenue opportunities around end-users' top four regulatory compliance issues: Sarbanes-Oxley Sections 404 & 409, SEC 17a-4 and a-3, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). 2711, 3010 and 3110, and HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, . "In 2004 alone, experts say that the average cost to a Fortune 200 company for Sarbanes-Oxley compliance will be between $5 million and $7 million, and we see it as our responsibility to enable our best solution providers to take advantage of this opportunity," said Michael Haley, vice president, SBM Division. "Whether solution providers are conducting preliminary investigations or are ready to launch a dedicated practice around compliance, the activities we've scheduled to take place at Alliance Summit will be extremely helpful in pointing our partners in the right direction." According to Atlanta consultancy Industry Direct Ltd., corporate spending related to being in compliance with Sarbanes-Oxley is expected to average $3 billion to $4 billion over the next couple of years. About the North American Computer Products Group of Arrow Electronics The North American Computer Products group of Arrow Electronics, Inc. (NYSE: ARW) is a leading distributor of enterprise and embedded computing systems to resellers and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in North America. Based in Englewood, CO, the group is comprised of four divisions that make up Enterprise Computing Solutions (Support Net, SBM, MOCA MOCA Museum of Contemporary Art MOCA Multimedia over Coax MoCA Museum of Chinese in the Americas MOCA Minnesota Ovarian Cancer Alliance MOCA Montezuma Castle National Monument (US National Park Service) , Enterprise Storage Solutions) and OEM Computing Solutions, which serves industrial OEMs and intellectual property-based companies. Visit all of our divisions at www.arrownacp.com. Arrow Electronics is one of the world's largest providers of products, services and solutions to the electronic components and computer products industries. |
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