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I-many Inc., a provider of enterprise contract management solutions, has announced the availability of the I-many Sarbanes-Oxley Suite, which provides many key internal controls and reporting capabilities needed for compliance with the Sarbanes-Oxley Act of 2002.

The I-many Sarbanes-Oxley Suite helps to establish internal controls through a comprehensive set of contract administration tools that facilitate contract-related tasks, events and milestones. Sophisticated compliance functionality tracks and measures key performance indicators, enabling full visibility and enhanced financial reporting across all types of contracts enterprisewide.

The suite leverages and complements existing enterprise resource planning systems in order to verify contract data, which is an integral part of the Act's language and intent.

I-many's Sarbanes-Oxley Suite features a centralized, Web-based searchable repository where all contracts enterprisewide can be stored for immediate access. With enhanced contract visibility, companies and their auditors can quickly and easily gather data and information that can be used to comply with the Act's requirements.

Specific to the Act's reporting requirements, the I-many Sarbanes-Oxley Suite provides the ability to track compliance, aggregate and summarize the contractual obligations and performance of a company enterprise-wide. Armed with this intelligence, companies can better understand how to continuously improve internal controls and contract performance and take immediate corrective action if it is warranted.

Edison, N.J.-based I-many says that more than 250 life science, consumer goods, food service and manufacturing companies use its solutions.

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Title Annotation:technology tools
Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2003
Previous Article:Data management.
Next Article:Accounting software.

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