01.02.2005 13:03:00
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Stellent Releases Version 7.5 of Its Sarbanes-Oxley Solution; New feat
Business Editors/Technology Writers
Crescendo 2005
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Feb. 1, 2005--Stellent, Inc. (Nasdaq:STEL), a global provider of content management solutions, announced today the release of version 7.5 of the Stellent(R) Sarbanes-Oxley Solution, a product designed to help companies streamline their processes for complying with the Sarbanes-Oxley Act.
The new features and functionality in version 7.5 are customer-driven enhancements developed to speed implementations, increase ease-of-use and augment reporting capabilities. The enhancements also were shaped in conjunction with input from Protiviti Inc., a leading internal audit and business and technology risk consulting firm, with whom Stellent holds a strategic integration and consulting agreement.
"After working with Stellent and evaluating its updated Sarbanes-Oxley Solution, we are excited to see the results of their efforts," said Michael O'Donnell, managing director for Protiviti and head of the firm's technology risk consulting practice. "Stellent developed many of the product's new features and functionality after assessing requests and requirements Protiviti has observed across the numerous Sarbanes-Oxley clients with which we've worked."
"Gartner believes that through 2005, Sarbanes-Oxley solutions based on process management or document management platforms will be more successful than those from any other vendor category,"(1) said Tom Eid, principal analyst for Gartner, Inc. "Companies need technology applications that enable them to better prioritize risks within their organizations, and therefore, accomplish many of their ERM objectives."
"Companies today are beginning to understand the need for process improvements and automations, so we are pleased to provide them with this enhanced version of our Sarbanes-Oxley solution," said Dan Ryan, executive vice president of marketing and business development for Stellent. "Its new and strengthened features will enable customers to more quickly and easily transition their work from year one into strategic and sustainable business processes that can be efficiently carried out during the normal course of business. Moreover, our Sarbanes-Oxley Solution helps companies develop an enterprise platform for general compliance as well as enterprise risk management."
Speeding Implementations
Version 7.5 of the Stellent Sarbanes-Oxley Solution includes the following new features and functionality designed to speed implementations:
-- | Content and process reuse -- minimizes the effort required to implement business processes across an organization's various geographies or departments. Users simply define controls and processes once, and copy and paste them to other areas as needed. |
-- | Pre-defined templates -- process, risk and control templates help increase efficiency and maintain consistency by illustrating how these activities should be implemented. |
-- | Documentation levels -- help users define how much and what type of documentation is required for a specific process. This feature also provides examples of required documents and prompts users if documentation is missing. |
-- | Enhanced financial element mapping -- enables users to more easily map a process to financial elements via a pop-up tree, which can be selected and applied to the financial elements impacted. |
Increasing Ease-of-Use
The following enhancements in version 7.5 increase the ease-of-use of the Stellent Sarbanes-Oxley Solution:
-- Risk/control matrix navigation -- helps users better
understand how risks, controls and processes interrelate by
allowing users to view different arrangements of these
categories.
-- Context-specific search -- increases the power and decreases
the complexity of searches by presenting fields relevant to
the type of content (e.g. test, process or control) a user
wants to retrieve.
-- Enhanced design effectiveness -- makes design review and
approval an inherent part of the workflow, enabling users to
quickly determine if a process is completed and documented
correctly or if there is a problem.
Augmenting Reporting Capabilities
In addition to expediting implementations and enhancing ease-of-use, version 7.5 includes augmented reporting capabilities that provide users with higher-level views of current and upcoming compliance activities, as well as the ability to drill down into more specific tasks.
Stellent Sarbanes-Oxley Solution 7.5 Availability
Stellent Sarbanes-Oxley Solution 7.5 is available today and will be demonstrated at Crescendo(TM) 2005, Stellent's global user conference, held this week at the Sheraton San Diego Hotel & Marina in San Diego, Calif.
For more information about Stellent Sarbanes-Oxley Solution 7.5, visit www.stellent.com/sarbox.
Stellent Compliance Solutions
Stellent provides content management-based solutions to help companies streamline processes related to complying with a variety of regulations, such as the Patriot Act, Health Insurance Portability and Accountability Act (HIPAA), ISO, and the Sarbanes-Oxley Act. Stellent's compliance solutions allow companies to efficiently manage and approve content related to financial and non-financial disclosures, as well as documentation associated with an organization's enterprise risk management process. The solutions are based on the award-winning Stellent Universal Content Management system, which offers a full array of content management functionality -- featuring document management, Web content management, digital asset management and imaging -- supported by collaboration, records management and business process management services.
For more information about Stellent's compliance solutions, call 800-989-8774 or visit www.stellent.com.
About Stellent, Inc.
Stellent, Inc. (www.stellent.com) is a global provider of content management software solutions that drive rapid success for customers by enabling fast implementations and generating quick, broad user adoption. With Stellent, customers can easily deploy multiple line-of-business applications -- such as Web sites, call centers, dealer extranets, compliance initiatives, accounts payable imaging and claims processing -- and also scale the technology to support enterprise-wide content management needs.
More than 4,300 customers worldwide -- including Procter & Gamble, Merrill Lynch, Los Angeles County, The Home Depot, British Red Cross, ING, GlaxoSmithKline, Georgia Pacific, Bayer Corp., Coca-Cola FEMSA, Emerson Process Management and Genzyme Corp. -- have selected Stellent solutions to power their content-centric business applications. Stellent is headquartered in Eden Prairie, Minn. and maintains offices throughout the United States, Europe, Asia-Pacific and Latin America.
Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks of intellectual property litigation, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally and in the Web content management tools and intranet information management markets specifically, risks associated with competition and competitive pricing pressures, risks associated with foreign sales and higher customer concentration and other risks detailed in the Company's filings with the Securities and Exchange Commission.
Stellent and the Stellent logo are registered trademarks or trademarks of Stellent, Inc. in the USA and other countries. Outside In and Quick View Plus are registered trademarks of Stellent Chicago, Inc. in the USA and other countries. All other trade names are the property of their respective owner.
(1) "Corporate Governance Spending Disrupts Software Purchases"
Tom Eid, et al, Nov. 23, 2004, by Gartner, Inc.
--30--BRM/se*
CONTACT: Stellent, Inc. Kari Seas, 952-903-2131 kari.seas@stellent.com or Haberman & Associates, Inc. Amanda Kohls or Jon Zurbey, 612-338-3900 amanda@habermaninc.com jon@habermaninc.com
KEYWORD: MINNESOTA TRACK INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING INTERNET E-COMMERCE TRADESHOW PRODUCT SOURCE: Stellent, Inc.
Copyright Business Wire 2005
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