To all Infor Baan users: How to succeed your SOX / Euro-SOX / J-SOX compliance audit in the current financial crisis …

The current financial crisis will not make your auditing deliverables go away! Find how you can manage
both successfully …

The current financial crisis is taking its toll in all industry segments. Cost cutting measures are being implemented everywhere, public and private organizations alike. Investments and growth decisions can be postponed, however, compliance regulations and audits are there to stay and deal with. Furthermore, since the current crisis has been initiated and fueled by mismanagement and scandals, this will only translate into a further increase of regulations to be imposed on companies. 

... Made possible by automation and integration:

The upside: tighter budgets represent an incentive for doing things smarter and at lower cost. The traditional approach to Compliance Management involves manual procedures and extensive bureaucracy, resulting in costly and tedious audits.. The smart alternative for compliance enforcement is through automation and tight integration into your company’s transaction backbone or enterprise systems. EZ-Compliance successfully implements this approach with estimated savings of about 75%.

Euro-SOX: To ensure SoD compliance for its Baan ERP-5 & LN divisions, HYVA implements the EZ-Compliance SaaS program

HYVA is a global manufacturer of commercial vehicle equipment, including mounted and rolling truck cranes, container lifting systems, moving floors, attachments and components. Headquartered in the Netherlands, HYVA serves 25.000 customers in 130 countries with a workforce of over 1.600 employees.

HYVA deploys Baan ERP and Infor ERP LN throughout its global operations. From an internal control point of view and for audit reasons, HYVA required transparency of employee access across its systems. EZ-Compliance enables HYVA to proactively manage any Segregation of Duties (SoD) conflict within the organization. By automating the implementation and monitoring of company-wide business controls, HYVA has eliminated the business risks and operational costs associated with manual auditing of samples of Baan users and sessions.

Mr. Roelof Koch, CFO at HYVA: “EZ-Compliance is a very powerful tool and has helped us to quickly identify our conflicts, allowing us to immediately focus on acquiring control over our Baan ERP-5/LN system”.

To speed up the go-live and to reduce initial investment costs, HYVA chose to subscribe to the EZ-Compliance Software-as-a-Service (SaaS) program. “We confirmed our EZ-Compliance selection to DynaFlow and a few days later, we received the login info to connect to the EZ-Compliance SaaS server for us to directly start investigating and resolving the SoD conflicts identified. Exactly the efficiency we were looking for”, adds Ms. Genevieve Muir, Business Process Analyst HYVA.
 

http://www.hyva.com

Reduce your Euro-SOX & J-SOX implementation cost and effort by 75%

The US Sarbanes-Oxley Act (SOX) was launched in June 2002 following several corporate and accounting scandals. Since then, thousands of publicly listed companies in the US, with the assistance of consultants and auditors, have gone through extensive efforts identifying all corporate risks and implementing efficient business controls to ensure proper compliancy. Faced with similar needs, Japanese and EU Governments have decided in 2008 to implement comparable regulations. Public companies listed in Japan or Europe can now benefit from the US lessons learned and leverage the solutions to ease and speed-up the process of defining, implementing and enforcing Euro-SOX and J-SOX compliances. EZ-Compliance, globally used by organizations such Komatsu, Olympus, Bio-Rad, Zebra Technologies, Coopervision, Magna, EnerSys, etc.., provides a comprehensive toolset and automations enabling up to 75% reduction of SOX implementation lead time, effort and expenditure, while increasing the probability of first time certification by close to 100%. Several DynaFlow customers having failed their initial audit(s) of manually enforced SOX controls, finally passed their audit with E&Y, KPMG, Grant Thornton, Deloitte, and PWC after implementing EZ-Compliance. All of them have substantially reduced their auditing effort & cost.

J-SOX: Olympus Winter & Ibe selects EZ-Compliance to satisfy their J-SOX requirements

Similar to the EU, Japan established in April 2008 new regulations to ensure the proper financial and corporate compliance of 3,800+ public companies. Olympus Winter & Ibe, global leader of medical technology systems based out of Germany and subsidiary of Japanese based Olympus Corporation, was no exception.

Mr. Uwe Schnittert, Head of IT for Olympus Winter & Ibe GmbH, confirms: "We have selected EZ-Compliance because it is the only business solution available, able to scan Baan and non-Baan authorizations and identify all related J-SOX Segregation of Duties (SoD) conflicts within the first day of implementation. Its ability to automate this scan daily/weekly without human intervention will not only help us secure our J-SOX audit certification, it will eliminate tedious manual effort and save Olympus significant SoD monitoring and J-SOX audit cost".

EZ-Compliance’s unique and differentiating capability to integrate Business Processes-Controls-Risks together and to automate the crucial Segregation-of-Duties (SoD) validation by its dynamic link to Baan and other enterprise applications, also satisfy all aspects of the recommendation issued from Gartner in April 2008:

To read more about J-SOX and Olympus implementation, visit:
http://www.ez-process.com/DF-NewsLetter_Mar2008.htm

www.olympus-owi.com

Mark your Calendar: Euro-SOX Workshop, March 3rd, Amersfoort, the Netherlands

__Title:__
Euro-SOX Workshop: How to satisfy the new regulations and automate your SoD validation

__Topics:__
• Introduction of the SOX regulations and how they are similar to Euro-SOX
• Step-by-Step workshop on how to implement your SoD control & mitigation
• Live demonstration of Baan authorizations import and SoD scan
• Personalized sessions to present the scan results of attendees SoD conflicts

__Date:__
Tuesday March 3rd, 2009

__Location:__
Amersfoort, NL
 

___To Register:___
http://www.dynaflow-dem.com/Documents/EZ-Seminars.htm
 

Introducing DynaFlow EZ-Process: Comprehensive Process and Compliance Management for Infor BaaN and ERP LN

A large number of companies deploying Baan and Infor ERP LN are benefiting from the DynaFlow EZ-Process solutions. A demanding market and competitive pressure dictate organizations to streamline their processes. Risk exposure and imposed regulations (such as Sarbanes-Oxley (SOX, Japanese SOX, Euro SOX)) require companies to establish and automate business controls, standardize procedures, increase transparency, and proactively control risks. EZ-Process addresses these requirements very effectively for an extensive user community, in conjunction with Baan or ERP LN, but also with Oracle, SAP, MS Dynamics and enterprise solutions. With a 12 year track record of successful implementations, DynaFlow offers a wealth of experience your company will benefit from. If you want to learn more, visit www.dynaflow-dem.com or e-mail us at sales@dynaflow-dem.com.
 

Expansion of DynaFlow in Europe … to better support your Euro-SOX needs

Pierre Beaulieu, President of DynaFlow Inc., is proud to announce the nomination of Bram Pieterse as key member of the Senior Management of DynaFlow Europe, a business unit dedicated to the support and success of EMEA customers. “Acting as General Manager, Bram brings an excellent track record with Baan since 1993 and a dedication to customer satisfaction. Not only will he ensure a broader synergy for DynaFlow global accounts, the European operations he will manage is a tangible commitment to direct support of our regional customers". Associated to this milestone is the scheduled release of EZ-Process multi-language in Q1/2009. This new version will enable various size organizations to operate EZ-Process in one or several languages simultaneously.