BI International makes SOX tool for IAD Solutions
BUSINESS INTELLIGENCE INTERNATIONAL MAKES SOX TOOL FOR IAD SOLUTIONS, Makers of Award-Winning Audit Leverage
MALVERN, PA, May 18, 2007 -- Business Intelligence International (BII), makers of the On-Demand Aline™ platform, announced today that it entered into an agreement with IAD Solutions, developers of the award-winning internal audit tool Audit Leverage.
Under the agreement, IAD will offer customers its own branded versions of BII’s Aline4SOX solution, a web-enabled tool for Sarbanes-Oxley Sections 404 and 302, as well as future products. IAD personnel will also provide insight and development assistance for a new integrated internal audit module that will incorporate both SOX compliance and internal audit functionality. As well, both companies will work on additional product enhancements.
“Given that reputation of IAD, with its Audit Leverage product ranking number one in overall customer satisfaction by Internal Auditor magazine, we’re thrilled to be affiliated with the organization. We believe that the combination of our SOX expertise and IAD's internal audit knowledge will give a tremendous edge to companies looking to integrate their Sarbanes-Oxley and internal audit work,” said Richard Binswanger, Senior Vice President for BII.
“One of our goals at IAD is to work with other software experts in the Sarbanes-Oxley market in order to provide a single, integrated solution for internal audit management, risk management, and compliance,” said Michael Awad, president. “The knowledge and technological expertise that we can glean from BI International will help us in furthering our goals to deliver a truly outstanding integrated solution.”
Currently, IAD offers Audit Leverage, one of the most widely implemented internal audit solutions, used by over 1,500 individual auditors in over 20 countries and various industries, including banking, insurance, manufacturing, health care, government, and many others. A database-driven software application, Audit Leverage helps clients manage their entire process including planning, budgeting, project management, tracking and reporting.
Audit Leverage Alines with BI International
Aline4SOX, which was developed as an affordable tool for small and mid-size firms to easily facilitate compliance with Sarbanes-Oxley Sections 404 and 302, allows users to easily document and assess the design of controls, and track the testing of their effectiveness and remediation of deficiencies. Aline4SOX is anchored in a structured, integrated database resulting in single data entry, dynamic update of standard deliverables, as well as on-line project management reporting and powerful analytics.
Earlier this year Aline4SOX was recognized as a niche player in Gartner, Inc.’s Magic Quadrant Research Study for Finance Governance, Risk and Compliance Management (GRCM) Software and is the only On-Demand solution proven to reduce the cost and time of SOX compliance by up to 50% and transform compliance into sustainable business improvement.