Fujitsu Announces Controls Automation and Monitoring Solution for Compliance, Risk, and Performance Management at the Gartner Business Process Management Summit.NASHVILLE, Tenn. -- Fujitsu Brings Proven Technology and Validates Control Automation and Continuous Control Monitoring Capabilities; Announces Plans to Collaborate With Deloitte Consulting LLP LLP - Lower Layer Protocol Fujitsu Software Corporation (TOKYO:6702) today announced from the Gartner Business Process Management Summit that it has completed work to demonstrate how Fujitsu's proven Interstage software can automate controls and provide continuous control monitoring capabilities. Deloitte Consulting LLP (Deloitte Consulting) has provided compliance, risk, and performance management process and integration consulting assistance to Fujitsu. Specifically Deloitte Consulting provided the use cases, which Fujitsu used as a basis for testing the ability of its software to enable controls automation and continuous controls monitoring, as well as to meet 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). . Deloitte Consulting and Fujitsu currently plan to collaborate in delivering related services and solutions to clients. The software component is based on a service-oriented architecture See SOA. (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) that leverages Fujitsu's award-winning Interstage Business Process Manager software and Interstage XWand, Fujitsu's industry-leading XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. (eXtensible Business Reporting Language). Fujitsu's technology would be complemented by Deloitte Consulting's strategy, process and implementation-related 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" . Deloitte Consulting has significant knowledge, experience and skills regarding the impacts and implications of compliance and governance needs on information technology, and how companies can sustain compliance and achieve efficiency and effectiveness improvements. "We recognize that the technology component of any compliance solution must be tightly integrated with the business needs. Working with Deloitte Consulting, established in bridging business and technology demands, to implement our globally adopted software, we will be able to deliver solutions for meeting the sophisticated compliance, risk and performance monitoring needs of our customers," said Robert Sepanloo, senior vice president of Interstage at Fujitsu Software Corporation." 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. , such as those associated with the Sarbanes-Oxley Act See SOX. , affect information technology strategies, investment priorities, and IT management processes. Stringent government regulations and the raised bar on governance expectations have added new challenges, for example, requiring assurances that internal controls related to financial reporting, including general computer controls, are sound and effective. Furthermore, companies are required to provide more rapid disclosures and greater transparency in their reporting. In order to meet mandates, such as Sarbanes-Oxley, companies are beginning to move from costly, error-prone manual processes to an automated and sustainable environment with control automation, continuous monitoring and predictive capabilities. "Our goal is to help our clients increase their agility in this challenging regulatory and economic environment," said Lee Dittmar, leader of the Enterprise Governance practice at Deloitte Consulting. Dittmar's assessment, which is supported by Fujitsu's research, is that, "Companies cannot sustain high compliance costs and are considering investments, not only to address compliance requirements, but to improve performance. Technology that automates risk and control management is essential. In today's regulatory climate regulatory climate The extent to which a regulated firm or industry is permitted to earn an adequate return on the stockholders' investment. This term is nearly always used in reference to utilities, which are required to obtain approval for rate changes. , there are many vendors offering compliance solutions. Many of these compliance solutions focus on the documenting and reporting aspects of regulatory compliance. These are important but are only part of the technology needs. Automated risk and control monitoring will be increasingly important areas of focus. Fujitsu's approach is consistent with our view concerning the important role technology must play in making controls and compliance more efficient and effective." "The answer to Sarbanes-Oxley and other compliance regulations cannot be found solely in software packages -- it exists in business processes and IT controls, and how to leverage technology to support and enhance those processes," said Tom Eid, research vice president, Gartner, Inc. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , a Swiss Verein A Swiss Verein ("Verein" is German for "Union") is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality. Most Swiss NGOs resp. , its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial 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 LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. To learn more about Deloitte, visit www.deloitte.com. About Fujitsu Software Corporation Fujitsu Software Corporation, based in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. , is part of the Fujitsu Limited (TOKYO:6702) family. The wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. delivers one of the world's broadest lines of application infrastructure software products, including the Interstage(R) Suite and NetCOBOL(R). Fujitsu Software Corporation leverages Fujitsu's international scope and expertise in developing and providing information technology solutions, including more than 4,000 software developers worldwide. To learn more about the Interstage Suite, visit www.fujitsu.com/interstage. About the Gartner Business Process Management Summit The Gartner Business Process Management Summit is the only event designed to provide businesses with the realistic and practical means to maximize the combined results of a BPM (Business Process Management) A structured approach that models an enterprise's human and machine tasks and the interactions between them as processes. BPM software provides users with a dashboard interface that offers a high-level view of the operation that typically implementation on the business and information technology. This three-day event three-day event a competition in the pleasure horse sport comprising usually one day each for dressage, cross country and show jumping. offers a view of the business strategies and technologies that support process modeling, transformation and management while giving powerful strategic insights as well as actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. recommendations to ensure successful process improvements across the enterprise. Additional information is available at www.gartner.com/us/bpm. Copyright 2006 Fujitsu Software Corporation. Fujitsu, the Fujitsu Symbol Mark, and Interstage are registered trademarks of Fujitsu Limited. All Interstage products and components are trademarks of Fujitsu Limited and Fujitsu Software Corporation. All other registered trademarks, trade names, or service marks mentioned in this document are the property of their respective owners. Gartner, Inc., "Sarbanes-Oxley Spending Continues to Disrupt Software Purchases," Tom Eid, Joanne M. Correia and French Caldwell, December 9, 2005. |
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