COLT Telecom 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 COLT Telecom Group COLT Telecom Group plc (originally City Of London Telecommunications) is a telecommunications company based in the United Kingdom, but with operations in 13 countries in Europe. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COLT) has selected OpenPages Sarbanes-Oxley Express (SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. Express) for use in its Section 302 and 404 compliance initiatives. Headquartered in London, COLT Telecom Group is a leading pan-European provider of business communications services and solutions. The company operates an integrated 20,000 km network that connects 10,000 buildings across 32 major cities in 13 countries with an additional 42 points of presence across Europe and 11 Internet Solution Centers. COLT supplies customers across the full spectrum of industry, service and government sectors with unrivalled end-to-end network security, reliability and service. COLT will deploy SOX Express to streamline its internal control documentation process across all of its locations. It will enable the collection of information regarding ongoing business controls deployment and monitoring, resulting in a reduction of compliance costs. By combining a strong document repository (1) A database of information about applications software that includes author, data elements, inputs, processes, outputs and interrelationships. A repository is used in a CASE or application development system in order to identify objects and business rules for reuse. with powerful compliance automation capabilities, SOX Express will facilitate both project management and compliance, using web-based tools to get users up to speed quickly. "OpenPages has strong functionality for compliance and a simple interface for end users," said Gerry Small, international finance director at COLT Telecom Group. "We felt that OpenPages demonstrated a clear enterprise compliance vision, and backed it up with a commitment to product quality and customer satisfaction." 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 To turn a set of manual steps into an operation that goes by itself. See automation. 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 Internal auditor An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations. 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. to plan, document and test the internal controls of the company, and eventually to attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as to the financial statements. 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. About OpenPages Founded in 1996, OpenPages develops enterprise governance, risk and compliance management 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 Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act See SOX. . OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners. |
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