Waltham, Mass. - July 11, 2005 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Presidential Life Insurance has selected OpenPages Sarbanes-Oxley Express (SOX Express) as part of its Sarbanes-Oxley compliance initiatives. Presidential Life Insurance will deploy SOX Express to automate the company’s ongoing test and review of its internal controls documentation in order to reduce the time and resource costs associated with Section 404 and 302 compliance.
Presidential Life Insurance, located in Nyack, New York, is a leading provider of fixed deferred and immediate annuities and life insurance products to financial service professionals and their clients across the United States. Presidential Life has grown into a nationally-based company doing business in 49 states and the District of Columbia. From a handful of agents, the company's field force has grown to include more than 10,000 financial services professionals who are served by a network of national sales directors and an ever-expanding staff of Home Office employees dedicated to helping to support their sales and service efforts.
“We were drawn to OpenPages’ because of its leadership position and its superior market reputation,” said Chuck Snyder, chief accounting officer at Presidential Life Insurance. “The ease of use provided by SOX Express will reduce the time and work associated with Year Two Sarbanes-Oxley compliance.”
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 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and 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.
