2008-07-15 10:09:00
WAYNE, Pa.–(EMWNews)–SolomonEdwardsGroup, LLC
(SEG), a national CFO services firm, is pleased to announce that it has
formed a strategic implementation partnership with Oversight Systems, a
firm that provides continuous monitoring software to its clients. SEG
and Oversight will work together with companies to introduce and
implement bottom line technology solutions to help decrease instances of
fraud.
With regulations becoming increasingly complex and risk escalating,
chief financial officers (CFOs) must have more confidence than ever in
the accuracy and completeness of their organization’s
financial reports. The Committee of Sponsoring Organizations of the
Treadway Commission (COSO) says in its June 2008 “Guidance
on Monitoring” that, “automated
control monitoring tools can play a significant role in enhancing the
effectiveness, efficiency, and timeliness of monitoring specific
controls.”
“Continuous monitoring is a critical
management tool to identify and detect fraud and reduce costly
transaction integrity errors,” said Ed
Baumstein, SEG president and chief executive officer. “Oversight,
and its continuous monitoring platform, fits naturally as an extension
of the risk and business performance services SEG provides. Now our
clients can easily get the functionality they need through the
combination of Oversight’s preeminent
application and the strategic insight and implementation SEG’s
consultants can provide.”
“The most beneficial implementations of
Oversight continuous monitoring and auditing leverage integration of the
software into new and existing processes, and take into account the
unique requirements of each company,” said
Chris Rossie, vice president of business development for Oversight
Systems. “We’re
excited that SolomonEdwardsGroup is applying their expertise and
experience to help companies successfully implement Oversight solutions
that deliver a bottom line return on investment.”
About SolomonEdwardsGroup, LLC
SolomonEdwardsGroup, LLC (SEG) is a national CFO services firm solving
the shifting needs of CFO organizations and its professionals. It is
recognized for delivering talent, perspective, and action in the
critical areas of risk and regulations, resource management, accounting
operations, and business performance.
Headquartered in Philadelphia, the firm operates offices in Atlanta,
Chicago, Dallas/Fort Worth, Houston, Kansas City, New York City, and
Washington, D.C. Metro. Additionally, it maintains a global network of
partners to serve multinational clients. For more information, visit www.solomonedwards.com.
SolomonEdwardsGroup is not a certified public accounting firm.
About Oversight Systems, Inc.
Oversight Systems takes continuous controls monitoring to the next
level, with real-time transaction integrity inspection for identifying
fraud, misuse and errors. Oversight’s
software provides a platform for continuous monitoring with powerful
analytics that excel at finding problems, then raises the bar
with an investigator’s workbench for
cost-effectively fixing the problem, and workflow-enabled audit
trail and journaling for proving problem resolution and
compliance. By inspecting each step of individual transactions across
all financial systems, Oversight identifies all errors and fraud, drives
defects out of the process, and sustains Sarbanes-Oxley compliance. For
more information, visit www.oversightsystems.com.
SolomonEdwardsGroup, LLC |
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