D2C Solutions Unveils New Fraud and Compliance Offerings for ERP Systems.HOUSTON -- D2C The U.S. government's term for the Ampex DD2 format. See DD2. Solutions, a Houston-based software company, today announced a new family of cross-platform risk and compliance management software for 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 that helps companies dramatically reduce the risk of internal fraud and achieve compliance with Sarbanes-Oxley (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. ) and IT security regulations. Under the advisory board leadership of former U.S. Attorney General John Ashcroft John David Ashcroft (born May 9 1942) is an American politician who was the 79th United States Attorney General. He served during the first term of President George W. Bush from 2001 until 2005. Ashcroft was previously the Governor of Missouri (1985 – 1993) and a U.S. ; David Ayres David Ayre was a Canadian Security Intelligence Service agent involved in the lead-up to the 1985 Air India bombing. Together with Raymond Kobzey he was widely considered to have lost, failed to secure, or destroyed crucial tapes needed to implicate Talwinder Singh Parmar. , former chief of staff for the U.S. Department of Justice; and Don Nicolaisen, former chief accountant for the U.S. Securities and Exchange Commission, D2C is delivering a significantly improved solution that strengthens internal security access controls and reduces the risk of fraud as called for in Sarbanes-Oxley, Section 404. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Association of Certified Fraud Examiners Established in 1988 the Association of Certified Fraud Examiners is the professional organization that governs professional fraud examiners. Its activities include producing fraud information, tools and training. , as much as 5 percent of company revenues are lost through fraud. D2C predicts that improving access controls for ERP systems will be an ongoing concern for auditors, particularly in the context of SOX 404. Within a few years, technical control over Segregation segregation: see apartheid; integration. of Duties (SOD SOD 1 Sphincter of Oddi dysfunction See Biliary dyskinesia2 Superoxide dismutase, see there ) will be considered virtually mandatory for ERP systems within regulated firms. The concept of SOD requires that functions and processes that are potentially subject to fraud and abuse be divided and assigned to different persons within an organization. D2C ComplianceNow[TM] is an ERP SOD and security access controls solution that helps companies reduce the risk of fraud by analyzing unauthorized access to one or more sensitive business activities for all the financial business processes in the company. "The need has never been greater for a solution to help companies achieve and maintain financial integrity," said Ashcroft. "With the demands of SOX 404 and the growing risk of internal fraud through ERP applications, businesses are under tremendous pressure to implement rigorous security access controls for their financial processes and to operate at the highest level of integrity." "Organizations are just beginning to understand how our software can continuously monitor and improve the effectiveness of their ERP security access controls, and reduce the costs associated with administering manual in-house solutions," said D2C President, Waters Davis. "Until now, businesses could turn only to SOD solutions that analyze thousands of transactions from a bottom up approach that is time consuming and difficult to manage. ComplianceNow offers a completely different approach." D2C ComplianceNow relies on a 'top-down', business process approach that assesses, remediates and continuously monitors security access risks. D2C's unique, patent-pending approach displays these risks in an intuitive, graphical format using advanced search algorithms In computer science, a search algorithm, broadly speaking, is an algorithm that takes a problem as input and returns a solution to the problem, usually after evaluating a number of possible solutions. to dramatically reduce the time and resources required to implement, manage and analyze security access controls. D2C's ComplianceNow suite enables users to assess, remediate re·me·di·a·tion n. The act or process of correcting a fault or deficiency: remediation of a learning disability. re·me , and continuously monitor weaknesses in security access controls that can lead to fraud and abuse in financial systems: * C-Advisor[TM] - The cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to of the D2C ComplianceNow suite, which provides comprehensive assessment, remediation, and monitoring of compliance risks across every activity associated with a business process. The application enables analysis of millions of complex risks. The product's unique patent-pending collection-based algorithms eliminate compliance shortfalls of other vendors. C-Advisor ensures results are presented in a format useful to multiple levels of an organization including: C-level executives, business process owners The process owner is the person who co-ordinates the various functions and work activities at all levels of a process. This person might have the authority or ability to make changes in the process as required, and manages the entire process cycle to ensure performance , and security administrators. C-Advisor installs in hours and can analyze and monitor existing SOD matrix in the first day. The first, complete assessment can be delivered within two to three weeks. * C-Monitor[TM] - D2C provides continuous monitoring of sensitive transactions and ERP user activity. Rather than approaching compliance as a periodic activity, C-Monitor allows users to actively monitor sensitive transactions and user activity. C-Monitor provides the insight into your business processes, role administration, and control environment necessary to sustain effective compliance. C-Advisor and C-Monitor are available immediately for both enterprise clients and consulting partners, and have already been deployed at several Fortune 500 companies. About D2C Solutions D2C Solutions is a leading vendor of cross-platform risk and compliance management software for ERP systems. D2C Solutions' patent-pending ComplianceNow system enables users to identify and manage ERP compliance risks through analysis of key business processes instead of hundreds of thousands of transactions and rules. D2C Solutions dramatically reduces the time and effort associated with assessing, remediating and continuously monitoring weaknesses in security access controls. D2C Solutions is headquartered in Houston, TX. For more information, please visit www.d2c.net. |
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