SolomonEdwardsGroup Partners with Oversight Systems

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 organizations

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 Oversights preeminent

application and the strategic insight and implementation SEGs

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. Were

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. Oversights

software provides a platform for continuous monitoring with powerful

analytics that excel at finding problems, then raises the bar

with an investigators 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
Angela Bagley, 610-902-0440 x232
abagley@solomonedwards.com

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