MALVERN, PA, July 30, 2007 -- Business Intelligence International (BII), developers of the On-Demand Aline™ Governance, Risk and Compliance plus Performance (GRC+P) platform, announced today that Crown Holdings, Inc. (NYSE: CCK), a leading supplier of packaging products with 155 manufacturing plants in 42 countries, selected its Aline4SOX tool to automate the company’s Sarbanes-Oxley compliance program.
BUSINESS INTELLIGENCE INTERNATIONAL SOX TOOL SELECTED BY GLOBAL PACKAGING SUPPLIER
Crown Holdings Inc. Chooses Aline4SOX for Sarbanes-Oxley Compliance
MALVERN, PA July 30, 2007 -- Business Intelligence International (BII), developers of the On-Demand Aline™ Governance, Risk and Compliance plus Performance (GRC+P) platform, announced today that Crown Holdings, Inc. (NYSE: CCK), a leading supplier of packaging products with 155 manufacturing plants in 42 countries, selected its Aline4SOX tool to automate the company’s Sarbanes-Oxley compliance program.
Aline4SOX is an affordable Software as a Service (SaaS) solution for Sarbanes-Oxley Sections 404 and 302, offering companies of all sizes the ability to easily automate and streamline the SOX process, reduce expenses and achieve repeatable success. The product enables users to document and assess the design of controls, track the testing of their effectiveness and remediation of deficiencies.
“Like a lot of other companies, we had been handling Sarbanes-Oxley manually. We realized we had some inefficiencies and some redundancies so as we entered our fourth year of compliance, we knew that we wanted to automate the process,” said Tom Kelly, VP Corporate Controller, Crown Holdings Inc. “We found Aline4SOX would allow us to consolidate our efforts, offer a centralized storage area for all of the data and make reporting easier.”
“The Crown Holdings team has done an excellent job of establishing their compliance framework over the last several years. This will allow us to utilize our rapid implementation process and have them live in a couple of weeks. Tom’s team will immediately be able to use our automated Top-down, Risk-based approach and compliance analytics tools to streamline and optimize their program. Aline’s integrated reporting will provide real time visibility into the program and make it much easier to provide information to their internal team and external auditors” said Bill Tomassini, Senior Vice President of Sales and Operations at BII. “We look forward to working with Crown toward the success of their compliance initiative.
Aline4SOX is anchored in a structured, integrated database resulting in a single repository of data, dynamic update of standard deliverables, as well as integrated on-line project management reporting and powerful analytics.
The fact that Aline4SOX is web-based offered additional value for Crown Holdings, Kelly said, since “it will ensure a smooth transition if we decide to roll it out through our other locations."
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.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, PA. For more information, visit www.crowncork.com.
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 answers to enable customers worldwide to cost-effectively manage compliance, risk and performance.
Leveraging its proprietary Aline™ platform, BI International offers a series of affordable yet powerful and easy-to-use tools that untangle the complexities of a business and organize critical information to a point of clarity, flagging key issues and driving successful 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.