Axena Supports Coherent to Sarbanes-Oxley Compliance; Worldwide Leader in Photonics to Manage Companywide, Ongoing Compliance with Axena's SOAx Toolkit.ORLANDO, Fla. -- Axena(TM) Inc., a provider of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. software and services, announced today that Coherent, Inc. has selected Axena's SOAx(TM) Toolkit for its Sarbanes-Oxley Section 404 compliance initiatives worldwide. Coherent is a leading provider of photonics-based solutions to the commercial and scientific research markets. Founded in 1966, Coherent sells products in over 80 countries and has production and research facilities worldwide. Coherent will use Axena's SOAx Toolkit to implement an enterprise-wide approach to achieving 404 compliance across all of its locations. Axena's SOAx Toolkit is a Web-based application See Web application. that allows corporations to address the particular requirements of Sections 302 and 404 of the Sarbanes-Oxley Act See SOX. , which creates new responsibilities for both corporate management and external auditors The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in reporting on internal controls. The SOAx Toolkit meets all the reporting criteria outlined by the Public Company Accounting Oversight Board's (PCAOB PCAOB Public Company Accounting Oversight Board ) Auditing Standard No. 2. "We believe that Axena's SOAx Toolkit offers a comprehensive and easy-to-use solution for Sarbanes-Oxley compliance," said Joe Zambataro, director of internal audit at Coherent, Inc. "The software, coupled with Axena's expert advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , gives us all of the right elements to create a comprehensive and continuous snapshot of our controls environment. Axena's close relationship with leading auditing firms and in-house domain expertise will help in meeting current and future regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. ," he added. Coherent selected Axena's SOAx Toolkit to maximize efficiencies through all phases of Sarbanes-Oxley Section 404 compliance, driving streamlined documentation and reporting processes, and standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. best practices on financial reporting throughout the company and across geographically dispersed locations. "Forward-looking companies such as Coherent realize that they cannot rely on Excel spreadsheets and Word documents to create a sustained compliance process that will stay ahead of regulatory changes and streamline the compliance process year after year," said Frank Hailstones, 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 Axena. "We look forward to supporting Coherent's compliance initiatives today, while giving them the tools they need to reduce the overall cost of compliance with improved financial processes and internal controls, which ultimately will help to improve the performance of their business." A total Sarbanes-Oxley solution, Axena's SOAx Toolkit is a 'single-box' solution that is scalable to support geographically dispersed organizations and designed to meet changing regulatory and organizational requirements. The software includes an initiation project plan, a process manual, and an extensive knowledge base, which includes a unique detailed, customized library of business process risks and controls. The SOAx Toolkit is a platform that enables the compliance process to be easily repeated in future periods. The SOAx Toolkit shortens time-to-compliance with a simple and easy to use step-by-step process that ensures complete compliance with Sarbanes-Oxley 302 and 404. About Coherent, Inc. Founded in 1966, Coherent, Inc. is a Standard & Poor's SmallCap 600 company and a world leader in providing photonics based solutions to the commercial and scientific research markets. For more information about Coherent, visit the Company's Web site at http://www.coherent.com/ for product and financial updates. About Axena, Inc. Axena delivers world-class software products and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to companies that want to derive maximum value from their corporate governance initiatives. Since its inception in 2001, Axena has focused exclusively on the governance market and has helped leading companies in a variety of industries achieve high returns on their corporate governance initiatives and investments. The company's portfolio of Web-based software includes the SOAx(TM) Toolkit, a Sarbanes-Oxley compliance application that helps businesses meet Sarbanes-Oxley 302 and 404 requirements; and Axenaware(TM), a collaborative decision-support application for enterprise risk management, and internal auditing functions and compliance. Axena's consulting services are delivered by a management team with more than 100 man-years of experience in audit, compliance and governance at global organizations. Axena provides its best practices technology and industry expert consulting services to companies in diverse markets, including Tupperware, Visteon, NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress Health, Crown Cork The crown cork (also known as a crown cap or just a crown), the first form of bottle cap, was invented by William Painter in 1891 in Baltimore. The company making it was originally called the Bottle Seal Company, it changed its name with the almost immediate success & Seal, Perini, L&G America and Digital Net. For more information, visit http://www.axena.com. |
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