Moduslink Chooses SymSoft ControlPanelGRC to Protect Assets, and Reduce Spend on Internal and External Audits
Global Supply Chain Company Implements ControlPanelGRC Solution to Eliminate SOD ConflictsMILWAUKEE – January 5, 2011 – SymSoft Corporation, a provider of Governance, Risk and Compliance (GRC) solutions for SAP® environments, today announced that ModusLink Global Solutions™, Inc., a leader in designing and executing global value chain solutions, selected ControlPanelGRC™ to better protect its assets and those of its clients, and to reduce the time and expense of internal and external audits. With a footprint of more than 25 solution centers in 14 countries, ModusLink executes strategies that drive the supply chain, aftermarket and e-Business processes of the world's largest technology and consumer goods companies.ModusLink is deploying ControlPanelGRC compliance audit software to address conflicts with sensitive transactions within its own organization. Chiefly, it sought a solution to identify and rectify issues before they crop up during internal and external audits. "Serving our clients' financial needs is first and foremost for us as an organization," said John Kim, Director, SAP Center of Excellence for ModusLink. "ControlPanelGRC smoothes and expedites the auditing process for us, but more importantly, it gives us a tool that helps identify and eliminate segregation of duties (SOD) risks within our organization and improves our ability to protect and manage our clients' assets on an ongoing basis. By doing so, we can focus on activities that drive revenue growth for our clients." ControlPanelGRC is a second generation suite of modular, integrated applications for GRC in SAP that address the major areas of compliance concern, especially in heavily regulated industries. "ControlPanelGRC allows the enterprise to embed compliance continuously to reduce the often intrusive nature of tracking exceptions or authorizations," said Dan Wilhelms, President and CEO of SymSoft. "Our GRC solution helps customers remain focused on external market issues and reduce the 'lost opportunity' costs that an audit will create internally." ModusLink is in the final stages of testing ControlPanelGRC with its internal audit team, which will be the primary end user for the company. The software can be enhanced with customized "rules sets" that address specific SOD conflicts. "I continue to be impressed with the support SymSoft provides," said Kim. "We send an email out, and we'll usually get an answer within an hour. The SymSoft support team is very knowledgeable. They give you the answers you need directly." SymSoft's expertise with GRC has created a new set of SAP tools that reduce audit time, expense and distraction while providing substantial cost savings that can free up budget dollars to support other high-value projects. About SymSoft Milwaukee-based SymSoft Corporation offers professional solutions for compliance automation. ControlPanelGRC, its second-generation Governance, Risk and Compliance (GRC) suite of modular, integrated applications, addresses the major areas of compliance concern at every corporate level for SAP users, especially in heavily-regulated industries. Developed by SymSoft and supported by Symmetry Corporation's 14 years of SAP experience, ControlPanelGRC provides an affordable, robust toolset with functionality not available from first generation products. As a result, executives can satisfy compliance requirements while workflows for SAP Security and Technical administration are accelerated for improved productivity and responsiveness. For more information about ControlPanelGRC, visit www.controlpanelGRC.com. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several countries. All other products and service names mentioned are the trademarks of their respective companies. |
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