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myC.R.O. Solutions Launches Sarbanes-Oxley Gap Analysis Capability

Posted by Media Relations on Wednesday, June 15th, 2005 - Comments »

Comply™ Surpasses Reporting Requirements, Gives Enterprise ViewNew York, NY, June 15, 2005 www.MyCROSolutions.com – myC.R.O. Solutions, a leading technology risk measurement and management firm, today announced the introduction of the new myC.R.O. feature Comply™, which clearly quantifies the gap between the regulatory requirements set forth by Sarbanes-Oxley and a public company’s existing enterprise technology environment.With Sarbanes Oxley (SOX) carrying significant penalties, hefty fines and even jail time, more and more American companies are looking for tools and services that help to clearly convey to customers, employees and shareholders how they are assuring that their companies are being run in honest and ethical manners.“The challenge currently exists for corporate executives of public companies to find cost-effective tools that clearly identify to what degree their entire enterprise is – or is not – Sarbanes-Oxley compliant,” said KoniKaye Jeschke. “This is why we are receiving such positive feedback to the Comply feature of the myC.R.O. risk measurement and modeling tool.”With Comply, myC.R.O. Solutions is leading the way to help public corporations effectively meet and even exceed required SOX reporting criteria.Outcomes of Comply include the following:GAP ANALYSIS which quantifies how near to, or far from, SOX compliance the company actually isRISK MITIGATION INSIGHT which includes detailed visual reports and illustrations of how each potential technology change will result in more, or less, compliance with SOXAUTOMATED REPORTING which continuously illustrates how each change in enterprise technology has served to narrow, or widen, the SOX compliance gap“No other risk measurement tool or consulting service has the ability to conduct the objective and consistent measurement of Comply’s ongoing automated reporting function,” said Chuck Buckley, myC.R.O. Solutions, EVP. “Only with Comply, can public organizations visually simulate how a technology change moves a company closer to – or further away from – SOX compliance.”The new Comply feature will debut at the June 15 – 16, 2005 Robert Frances Group “Reducing Risk, Restoring Trust: A Leadership Role for IT” Summit in the New York City Puck Building.To meet and exceed Sarbanes-Oxley reporting requirements contact myC.R.O. Solutions about Comply™: www.mycrosolutions.com or call 763-377-3241.About myC.R.O. SolutionsmyC.R.O. Solutions is dedicated to applying process maturity and quality assurance principles to complete enterprise technology risk management, planning and implementation. myC.R.O. Solutions has developed the proprietary Risk Analysis Engine (RAE) product and its supporting Comply™ module. KoniKaye Jeschke, President and CEO, was named a Finance-Commerce 2004 Innovator of The Year for development of a breakthrough approach to quantifiably model business technology risk.###

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