Waltham, Mass. - July 6, 2004 - OpenPages, a leading provider of enterprise governance, risk and compliance management solutions, today announced that Hampshire Group, Limited (NASDAQ: HAMP) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for use in its Section 302 and 404 compliance initiatives. Headquartered in Anderson, South Carolina, Hampshire Group is a diversified apparel company, believed to be the largest supplier of women's and men's sweaters in North America and a leading supplier of women's related separates.
Hampshire Group will deploy SOX Express to streamline its internal control documentation process across all of its locations. It will enable the collection of information regarding ongoing business controls deployment and monitoring, resulting in a reduction of compliance costs. By combining a strong document repository with powerful compliance automation capabilities, SOX Express will facilitate both project management and compliance, using web-based tools to get users up to speed quickly.
"After a thorough examination of compliance offerings, it was clear OpenPages had the strongest solution for compliance with Sections 302 and 404. SOX Express combines the right functionality and domain expertise into an environment that is easy-to-learn and requires little IT management," said Maura McNerney, compliance officer at Hampshire Group. "Additionally, the company has outlined a vision beyond Sarbanes-Oxley that we feel will help Hampshire continually improve its business operations while meeting its compliance needs in the future."
OpenPages' SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404. SOX Express is a focused enterprise application that combines powerful document and business process management with flexible reporting capabilities in an extremely easy-to-use environment that enables CEOs, CFOs and financial management officers to enforce internal controls. SOX Express helps corporations automate significant aspects of their internal controls framework to significantly reduce the overall cost of compliance. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls of the company, and eventually to attest to the financial statements.
OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what’s important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in the United Kingdom, distribution partners in Japan and South Africa and regional offices throughout North America.
For more information on OpenPages' governance, risk and compliance solutions, please click here or call us at 781.693.5999.