Sequa Corporation Chooses Aline4SOX for Continued Sarbanes-Oxley Compliance
MALVERN, PA, May 2, 2007 -- Business Intelligence International (BII), makers of the On-Demand Aline™ platform, announced today that Sequa Corporation (NYSE: SQAA), a diversified manufacturer with operations organized around six segments: aerospace, automotive, metal coating, specialty chemicals, industrial machinery, and other products, selected its Aline4SOX tool to assist with the company’s Sarbanes-Oxley compliance.
Aline4SOX is an affordable web-based solution for Sarbanes-Oxley Sections 404 and 302, offering companies of all sizes the ability to easily navigate the SOX process, reduce expenses and achieve repeatable success. The product enables users to document and assess the design of controls, and track the testing of their effectiveness and remediation of deficiencies.
“As we began our third year of Sarbanes-Oxley compliance, we knew that we wanted to streamline our process. For the past two years Sequa Corporation had undertaken a manual process regarding its Sarbanes-Oxley compliance and with seven subsidiaries it was a very time consuming, labor intensive process. Data was stored in various locations and reporting was next to impossible,” said Greg Bosco, Sequa’s Director of Internal Audit. “We found Aline4SOX, which is in use by some other very large organizations, offered immediate improvements to our SOX program including a central repository for all our data as well as easy report management.”
“Based on our analysis of Sequa’s current compliance data, we are confidant that Aline4SOX will help Sequa to streamline and optimize their overall compliance program by accelerating the rationalization of their control framework. With seven subsidiaries and a multitude of locations, Sequa’s manual processes can not ensure that each and every control is standardized and optimized against the best practices in the market today. Our integrated reporting and analytical tools will provide their team with significant productivity improvements and standardized reporting for their internal and external requirements. We are pleased that Sequa Corporation has chosen Aline4SOX and we are looking forward to working with the company as a whole.” said Bill Tomassini, Senior Vice President of Sales and Operations at BII.