HandySoft Releases BizFlow Compliance Solution 4.0; Solution Harnesses BPM Technology to Transform Compliance Challenges into Process Improvements and Measurable ROI.

VIENNA, Va. -- HandySoft Global Corp., a provider of business process management (BPM) solutions, today announced the release of BizFlow(R) Compliance Solution 4.0, enabling compliance with COSO- (Committee of Sponsoring Organizations of the Treadway Commission) and COBIT- (Control Objective for Information and Related Technologies) based control frameworks. Harnessing the company's BPM technology platform, public and private organizations can streamline and automate information technology (IT) and financial processes, reducing overall risk across the enterprise.

This latest release features expansive internal control assessment capabilities, including easier Web-based administration functions, configurable custom fields, pre-built electronic forms that facilitate documentation, testing and remediation of workflow issues, automatic and electronic task assignment and deadline alerts and email notifications. Additionally, a comprehensive Compliance Dashboard affords managers real-time reporting and visibility capabilities.

Private organizations leveraging BizFlow Compliance Solution 4.0 can lower costs and minimize the effort required to gather, document and test internal financial controls mandated by the Sarbanes-Oxley Act of 2002. Similarly, federal agencies are required to test, evaluate and report on the effectiveness of their internal controls in compliance with the Office of Management and Budget's Circular A-123 directive, which adopts COSO as its standard.

"BizFlow Compliance 4.0 enables organizations to quickly automate and institutionalize their compliance processes," said Scott Byrnes, vice president, marketing at HandySoft. "A primary benefit is reduced risk, but organizations also realize operational improvements and financial returns through automating and streamlining what had previously been a paper-based process."

As companies and agencies refine compliance strategies, BizFlow Compliance Solution 4.0 has the capability to address and remedy control deficiencies, reduce costs associated with testing manual controls and illustrate best practices for automating common IT and financial controls in real-time. Furthermore, all data - risk and control matrices, narratives, tracked issues, control tests and testing plans - can be easily accessed online and copied, creating a much more sustainable and easily repeatable process.

HandySoft's BizFlow solutions are being used throughout private industry by companies such as United Technologies, Andrx Pharmaceuticals and RLI, as well as deployed throughout more than 40 U.S. federal agencies such as the Departments of Defense, Commerce, Justice, Treasury, Transportation, Labor and Housing and Urban Development.

About HandySoft Global Corp.

HandySoft Global Corp. is the premier provider of configurable software solutions that simplify and automate business processes; capture and enforce best practices; improve productivity and quality while reducing costs; integrate information technology; and foster collaboration among employees, customers and partners.

The foundation for HandySoft's industry and departmental solutions is BizFlow(R), the award-winning platform for business process management, automated workflow and collaboration. BizFlow offers complete capabilities for building and managing automated business processes, including tools for designing and monitoring the processes, presenting and accessing work, integrating existing IT systems and administering the platform itself.

As a global solutions provider, HandySoft Global is headquartered in Vienna, VA, USA, with offices in Sydney, Australia and London, UK, and with strategic partner representation throughout the world. HandySoft has implemented process management solutions at hundreds of sites worldwide. For more information call [phone], email [e-mail] or visit www.handysoft.com.

HandySoft, the HandySoft logo, BizFlow and BizFlow Accelerator Suites are trademarks of HandySoft Global Corp. All other trademarks are the property of their respective owners.