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Compassoft Inc.


Compassoft Inc., a provider of automated regulatory compliance initiatives, has made available the public Beta release See beta version.  of Compassoft[R] visibility software, a solution that enables financial and IT departments to achieve sustainable Sarbanes-Oxley compliance. With this release, the Scotts Valley, Calif., firm says, "Corporate financial and IT departments now have a powerful enterprise information asset discovery software that can automatically locate analyze and report on information stored within the entire enterprise-computing environment--from server to desktop."

Compassoft automatically discovers and maps dependent data sources, compares iterations of data sources and reports on critical changes to information assets across all distributed machines in the enterprise. The software complements existing 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. ) systems and professional consulting organizations by reporting on thousands of spreadsheets, Crystal Reports and databases that reside on desktops or centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 corporate servers.

Until now, Compassoft says, companies have been forced to rely on extensive interviews with key stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
 and then sift through the files those employees have been asked to download from their hard drives. This manual process has proven to be extremely expensive in terms of consulting dollars, and unreliable because it depends on people's memories and cooperation.

Web: www.compassoft.com
COPYRIGHT 2005 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:COMPLIANCE SOFTWARE
Publication:Financial Executive
Date:Nov 1, 2005
Words:195
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