WILMINGTON, DE., August 27, 2007 -- Business Intelligence International (BII), developers of the on-demand Aline™ Governance, Risk and Compliance plus Performance (GRC+P) platform, announced today that Brand Services, Inc., a world leader in scaffolding and concrete construction forming and shoring, selected its Aline4SOX tool to automate the company’s Sarbanes-Oxley compliance program
FOR IMMEDIATE RELEASE
Contact:
Bill Tomassini
BI International
610-993-0100 / 877-ALINE-BII
btomassini@aline4value.com
Aline4SOX is a user-friendly Software as a Service (SaaS) solution for Sarbanes-Oxley Sections 404 and 302, allowing companies to automate and streamline
the SOX process while reducing their total cost of compliance. The product enables users to document and assess the design of controls, track the testing of their effectiveness and easily locate and remedy any deficiencies.
“Some of my past experiences with SOX have been harder to manage but Aline4SOX can provide a number of methods to keep us well ahead of the curve,” Joseph McDonald, Director of Internal Audit for Brand Services, Inc., said. “The Software-as-a-Service (SaaS) model was a key aspect for us as we did not have to get IT involvement or build any infrastructure. I think every company should use a tool for their SOX compliance and Aline4SOX really fit our needs.”
“Brand Services is a great example of how companies can take advantage of our easy to implement and easy to use platform with limited internal resources. By using our pre-populated risk and control matrices and automated risk assessment tools, they will be able to leverage all of the work that they have done to date and will be able to complete the compliance process in a shorter period of time, with less resource, and lower cost” Bill Tomassini, Senior Vice President of Sales and Operations at BII, said.
Aline4SOX provides companies with a single repository of all SOX data, dynamic update of standard deliverables, as well as integrated on-line project management reporting and powerful analytics.
As a company that is not yet publicly traded, Brand Services selected Aline4SOX to seamlessly transition into easy, cost-efficient compliance, McDonald said. He specifically credited Aline4SOX’s unique dashboards, pivot tables and other integrative reporting tools as major advantages over other programs.
Aline4SOX, which was included earlier this year as a niche player in Gartner, Inc.’s Magic Quadrant Research Study for Finance Governance, Risk and Compliance Management (GRCM) Software, 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.
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About Brand Services, Inc.
Founded in 1966 as a Chicago insulation contractor, Brand grew rapidly through the 1980s, becoming a public company in 1986. In the 1990s, Brand’s scaffolding business grew substantially, as it acquired scaffolding equipment as well as a number of its industry competitors. Now a private company, in July 2005, the company acquired the assets of Aluma Systems, a name that is still used in Canada and in the concrete construction business. Aluma Systems’ Concrete Construction team has contributed to many of the world's most majestic and memorable skylines, bridges, high rises and hotels, and its Industrial Services team has more than 30 years’ experience working in the refining, power generation, chemical, pulp & paper, and LNG industries.
About Business Intelligence International (BII):
Business Intelligence International (BI International) is a global software and consulting company specializing in the development of web-based business-intelligence solutions to provide GRC + P functionality to companies of all sizes. Since 1996, BI International has provided robust, flexible and secure solutions to enable customers worldwide to cost-effectively manage their compliance, risk and performance initiatives.
Leveraging its Aline™ platform, BI International offers a suite of affordable yet powerful and easy-to-use tools that provide a single repository of data along with integrated analytics and standard reporting. This allows clients to gain real time visibility to critical information to identify key issues and driving critical decision-making. Visit www.aline4value.com for more information.
Note: This press release may include forward-looking statements that are subject to risks and uncertainties. A number of factors, including political, currency, regulatory and competitive and technological developments, could result in material differences between actual results and those outlined in any forward-looking statements.