Thursday, September 20, 2007
NEW YORK, Sep. 20, 2007 (Business Wire) -- Fulcrum, a leading provider of Governance, Risk and Compliance (GRC) solutions, today introduced the industry's first Enterprise Application Segregation of Duties Testing Service with a money back guarantee to enable customers to detect Segregation of Duties (SOD) violations within 24 hours at only $10 per ERP user. Customers can utilize Fulcrum's online GRCMonitor(TM) service to submit data for SOD testing and receive results back within 24 hours.
'Automated testing and continuous monitoring of application controls is more important than ever as external auditors are now performing a more rigorous analysis of IT system and security controls on a regular basis. In my audit experience over the past 10 years, both as an external auditor and an internal auditor, I have found that many companies rely on a manual process for application controls testing because of the significant expense and effort required to implement an automated testing tool. With GRCMonitor(TM), companies and their auditors are now able to get test results 10 times faster than any other SOD tool at a fraction of the cost,' said Jay Roy, Fulcrum's Client Manager responsible for Strategic Compliance Practice.
Louise Brown, Fulcrum's Operations Manager, added, 'We are able to deliver Segregation of Duties results so rapidly and cost effectively because GRCMonitor(TM) is an online application that streamlines the Application Controls detection and remediation process based on Fulcrum GRC Content which includes over 600 rules along with risk and impact information in plain English. Customers can sign-up for the services on our web site. Once customers upload role, responsibility and user access data into GRCMonitor(TM), we test their data using our rules and publish the results on a secure portal.'
About Fulcrum
Fulcrum Information Technology, Inc. is a leading provider of corporate governance solutions that help organizations establish effective internal controls, accurately report financial information and proactively manage business performance. Fulcrum is a privately held Delaware corporation, serving clients within the United States with a regional presence in California, New York and Texas, as well as clients in Europe with an international presence in the United Kingdom and a Technology Solution Center in India.
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