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OpenPages Reduces Cost of Sarbanes-Oxley Compliance With Advanced Automation Capabilities

New Sox Express Capabilities From Greenlight Technologies to Fully Automate IT-Dependent Financial Controls

WALTHAM, MA -- (MARKET WIRE) -- 08/15/05 -- OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, in conjunction with Greenlight Technologies, today announced new capabilities for SOX Express that provide OpenPages customers the ability to fully automate many manually intensive IT controls commonly required for Sarbanes-Oxley compliance. Available immediately from Greenlight Technologies, Greenlight Control Automation for SOX Express provides companies with more than 1,500 control automations for leading enterprise applications including Oracle, SAP and Peoplesoft.

"OpenPages strives to help its customers continue to reduce the cost burdens of Sarbanes-Oxley compliance," said Peter Morgan, vice president of marketing at OpenPages. "In partnership with Greenlight, OpenPages is providing its customers new facilities that reduce the overall compliance effort by automating significant percentages of the testing workload."

Fully integrated with SOX Express through OpenPages' OpenAccess API, Greenlight contains a library of more than 1,500 automated tests for Oracle, SAP, PeopleSoft and other enterprise applications. Greenlight enables customers to associate predefined tests with controls defined in SOX Express, schedule those tests to run automatically, and then record the results in SOX Express. Tests can be performed on a user-defined schedule with automatic notification of issues and little burden on ERP resources.

"Automating controls is the logical next step in reducing the ongoing costs of Sarbanes-Oxley compliance," said Anand Adya, CEO of Greenlight Technologies. "By combining SOX Express and Greenlight, OpenPages customers not only reduce the amount of manual testing, but also gain increased confidence in the quality of controls through more frequent, automated testing."

OpenPages SOX Express is the market-leading software solution for reducing the time and resource costs associated with ongoing compliance for Sections 302 and 404 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the end-to-end compliance process. Completely Web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

For more information on OpenPages' line of enterprise governance, risk and compliance management solutions or to register for a weekly webinar, please call 781-647-3800 or visit www.openpages.com.

About Greenlight Technologies

Greenlight Technologies Inc. is a privately held U.S. based firm founded in 2004 by two highly respected compliance / risk management technology veterans. Together, Anand Adya -- previously with Accenture, and PricewaterhouseCoopers -- and Arthur Stewart -- previously with Ernst & Young LLP -- work with a staff of experienced control specialists to develop an efficient, simple to use, control automation offering. The combination of a refined library of 1500+ commonly found control automations, automated scheduling and compliance / risk management system integration and implementation services provides a practical, method of reducing testing man hours and associated costs while increasing coverage and confidence. For more information on Greenlight Technologies' solutions or to register for a weekly webinar, please call 216 272 7353 or visit http://www.greenlightc orp.net/contact_us.html.

About OpenPages

Founded in 1996, OpenPages is the leading provider of enterprise governance, risk and compliance management (GRCM) software solutions. OpenPages' solutions streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company's portfolio of solutions includes SOX Express, the market-leading enterprise application for automating the compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act, and OPtimum ORM, an enterprise risk management software solution that enables entities to identify, analyze and manage operational risk on an integrated, company-wide basis. The world's largest corporations in diverse markets -- including financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences -- rely on OpenPages for cost-effective, efficient, sustainable governance, risk and compliance management. The company is headquartered in Waltham, Massachusetts, with international headquarters in the United Kingdom and Hong Kong, and regional offices throughout North America.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

Contacts:
OpenPages
Ed Thomas
OpenPages
781.647.3800, ext. 241
Email Contact

North America
Mike Antonellis
Lois Paul & Partners
781.782.5832
Email Contact

Europe
Louise Matthews
Harvard Public Relations
+44 208 759 0005
Email Contact

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