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Business Objects Launches New Sarbanes-Oxley Analytic Solution to Help Businesses Manage Compliance.


SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- New Product Enables Organizations to Certify Financial Results, Rapidly Disclose Material Events, and Ensure Effectiveness of Internal Controls

Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA )(Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange.  ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C.  code FR0004026250-BOB), the world's leading provider of business intelligence (BI) solutions, today announced the availability of BusinessObjects(TM) Sarbanes-Oxley Analytic Solution, which enables companies to more effectively manage regulatory compliance. The new product is part of BusinessObjects(TM) Analytics, a suite of enterprise analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution.  that allow organizations to better understand their operations, customers, products, and people.

"Smart companies are taking a strategic approach in using technology to manage the increasingly complex issues around the various compliance laws including Sarbanes-Oxley," said Jon Gibbs, global lead for business intelligence at CapGemini. "Compliance regulations require our customers to have a structure in place which provides the necessary insight into their operations, as well as the agility to react to changing market conditions. We've chosen to partner with Business Objects so we can provide our clients with the necessary business intelligence environment that improves their corporate accountability in the marketplace."

The Sarbanes-Oxley Analytic Solution helps organizations to increase financial transparency and improve oversight of their internal controls structure. The solution allows organizations to perform root cause analysis, and quickly identify and highlight process irregularities so they can take corrective action. An advantage of the solution is that it allows financial managers to investigate the data represented in reports and trace the data source to its origins, which is a key capability for compliance. For example, if there are variances in financial statements, analysts can take immediate action using the Sarbanes-Oxley Analytic Solution to investigate and resolve discrepancies. By providing companies with complete visibility into their financial operations, Business Objects gives executives the confidence they need to certify that their financial results are accurate and up to date.

"We recognize that Sarbanes-Oxley is forcing many companies to invest money and time into improving their financial processes," said Chris Caren, vice president of corporate marketing at Business Objects. "That's why the entire Business Objects product line is designed to provide businesses with solutions that facilitate compliance. Our products can help with the entire spectrum of compliance issues -- from data integrity to financial reporting to advanced financial analysis. With Business Objects, companies have the tools they need to easily comply with 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.
 regulations both in the United States and abroad."

Availability

BusinessObjects Sarbanes-Oxley Analytic Solution is currently available.

About Business Objects

Business Objects is the world's leading business intelligence (BI) software company. Business intelligence enables organizations to track, understand, and manage enterprise performance. The company's solutions leverage the information that is stored in an array of corporate databases, enterprise resource planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) systems.

Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to gain visibility into their business, acquire and retain profitable customers, reduce costs, optimize the supply chain, increase productivity, and improve financial performance.

In December 2003, Business Objects completed the acquisition of Crystal Decisions, the leader in enterprise reporting. The combined product line includes software for reporting, query and analysis, performance management, analytic applications, and data integration. In addition, Business Objects offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has more than 26,000 customers in over 80 countries. The company's stock is traded under the ticker symbols Nasdaq:BOBJ and Euronext Paris (ISIN:FR0004026250-BOB). It is included in the SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel)
SBF Small Block Ford (automotive engine)
SBF Single Black Female
SBF Société des Bourses Francaises
 120 and IT CAC See Consumer Advisory Council.  50 French stock market indexes. Business Objects can be reached at 408-953-6000 and http://www.businessobjects.com.

Business Objects, the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Enterprise, and Crystal Reports are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies Affiliated Companies

A situation that occurs when one company owns a minority interest (less than 50%) in another company.

Also refers to companies that are related to each other in some way.

Notes:
An affiliated company is sometimes referred to as a subsidiary.
 in the United States and/or other countries.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 4, 2004
Words:642
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