Waltham, Mass. – March 26, 2007 – OpenPages®, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced Thomas Weisel Partners, an investment bank focused on the growth sectors of the economy (www.tweisel.com), has selected OpenPages® FCMSM for its Sarbanes-Oxley compliance initiatives. OpenPages FCM was selected by Thomas Weisel Partners because of the flexibility and configurability of the solution, which provides a streamlined and sustainable approach to achieving compliance with Sarbanes-Oxley. OpenPages FCM enables Thomas Weisel Partners to automate the ongoing test and review of its controls documentation to reduce the time, cost and complexity associated with Sarbanes-Oxley Section 404 and 302.
“As a company operating in the investment banking market, regulatory compliance is of the utmost importance,” said David Baylor, Chief Financial Officer and Chief Operating Officer at Thomas Weisel Partners. “Our investment in OpenPages FCM gives our organization the confidence needed to ensure that we are not only appropriately complying with our financial reporting responsibilities, but are also helping to reduce the time and resource costs associated with sustaining compliance.”
A web-based, flexible and configurable solution for financial controls management, OpenPages FCM 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. Available in five languages, OpenPages FCM 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.
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.
