Waltham, Mass. - August 3, 2004 - OpenPages, a leading provider of enterprise governance, risk and compliance management solutions, today announced that Sky Financial Group, Inc. (NASDAQ: SKYF) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Section 302 and 404 compliance initiatives.
Sky Financial Group is a $14.3 billion diversified financial holding company with its headquarters located in Bowling Green, Ohio. Sky's asset size places it among the 50 largest publicly held bank holding companies in the nation. Sky operates 285 financial centers and over 300 ATMs serving communities in Ohio, Pennsylvania, Michigan, Indiana and West Virginia. Sky's financial service affiliates include: Sky Bank, commercial and retail banking; Sky Insurance and Stouffer-Herzog Insurance Agency, retail and commercial insurance agency services; and Sky Trust, an asset management organization.
Sky 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.
“We feel that OpenPages offers the most complete and easiest to use solution for Sarbanes-Oxley compliance. With close relationships with leading auditing firms, OpenPages will continue to ensure alignment between its solutions and future regulations,” said Donald Hileman, senior vice president of finance at Sky Financial Group. “Most importantly, OpenPages has an impressive track record in helping its customers achieve compliance success. Their leadership position made them the obvious choice.”
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.
