TMCnet News
OpenPages SOX Express Purchased by Lloyds TSB for Sarbanes-Oxley Compliance WALTHAM, Mass. --(Business Wire)-- Sept. 20, 2004 -- OpenPages, a leading provider of enterprise governance, risk and compliance management solutions, today announced that Lloyds TSB Bank plc has purchased its Sarbanes-Oxley Express (SOX Express) product to help manage and report on compliance with Section 404 of the Sarbanes-Oxley Act.Lloyds TSB Group is a leading UK-based financial services group. By December 31, 2003, total Group assets were GBP 252 billion and Lloyds TSB Group had over 71,500 employees. Lloyds TSB Group plc's market capitalization at that date was around GBP 25.1 billion. OpenPages' SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404. SOX Express is a focused enterprise application that combines powerful document and business process management with flexible reporting capabilities in an extremely easy-to-use environment that enables CEOs, CFOs and financial management officers to enforce internal controls. SOX Express helps corporations automate significant aspects of their internal controls framework to significantly reduce the overall cost of compliance. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls of the company, and eventually to attest to the financial statements. For more information on OpenPages' line of enterprise governance and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com. About OpenPages Founded in 1996, OpenPages develops enterprise governance, risk and compliance management solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act. OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners. |
