SOURCE: OpenPages

July 05, 2005 09:58 ET

Alfa Mutual Selects OpenPages SOX Express for Sarbanes-Oxley Compliance

WALTHAM, MA -- (MARKET WIRE) -- July 5, 2005 -- OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Alfa Mutual Insurance Company has selected OpenPages Sarbanes-Oxley Express (SOX Express) as part of its Sarbanes-Oxley compliance initiatives. Alfa Mutual will deploy SOX Express to automate to the company's ongoing test and review of its internal controls documentation to reduce the time and resource costs associated with Section 404 and 302 compliance.

With more than 1 million policies in force in the Southeast, Alfa Insurance stands as a pillar of unwavering strength and unparalleled service to their policyholders. Founded in 1946 by what is now known as the Alabama Farmers Federation, Alfa has earned a reputation as one of the nation's most stable, reliable and affordable providers of insurance. Its property and casualty insurance company is rated A++ (Superior), and its life insurance company is rated A+ (Superior) by the A.M. Best Company, the foremost authority on insurance companies' financial stability. Additionally, Alfa received Standard & Poor's and Moody's highest commercial paper rating for credit worthiness.

"We were impressed by the flexibility offered by SOX Express as well as its user-friendly interface," said Connie Whitecotton, vice president and chief risk and compliance officer at Alfa. "Implementation time was important to us, and OpenPages' has an impressive track record of success."

OpenPages SOX Express is an enterprise compliance management solution that reduces 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 ongoing test and review 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 OpenPages

Founded in 1996, OpenPages develops enterprise governance, risk and compliance management (GRCM) solutions that 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 Sarbanes-Oxley Express (SOX Express), the market-leading enterprise application for automating the corporate financial reporting and disclosure compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act.

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

Contact Information

  • 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