SOURCE: OpenPages

August 15, 2005 09:10 ET

Cognos and OpenPages Extend Technology Agreement to Deliver Enhanced Compliance Dashboard and Reporting Capabilities

Enabled by Cognos ReportNet, OpenPages CommandCenter for SOX Express Provides At-a-Glance Views Into Key Governance, Risk and Compliance Data

WALTHAM, MA and BURLINGTON, MA -- (MARKET WIRE) -- August 15, 2005 -- Cognos (NASDAQ: COGN) (TSX: CSN), the world leader in business intelligence (BI) and corporate performance management, and OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced the two companies have extended their initial technology agreement to deliver enhanced compliance dashboard and reporting capabilities for OpenPages customers.

Available now, OpenPages CommandCenter helps organizations increase productivity by providing greater awareness of potential risk exposures through dynamic, graphical views into the current state of their internal controls framework for more effective support of governance, risk and compliance initiatives including Sarbanes-Oxley.

Under the agreement, OpenPages' CommandCenter for SOX Express now includes embedded reporting through Cognos ReportNet. Cognos ReportNet offers a complete, pure Web-based enterprise query and reporting environment, rich multi-dimensional analysis and visualization, a complete environment for ad-hoc and managed reporting, event management, and data integration, all built on a services-oriented architecture. All CommandCenter dashboards and reports generated in SOX Express are delivered by Cognos ReportNet, providing customer organizations with actionable insight into all aspects of their internal controls information.

Cognos-powered CommandCenter is OpenPages' suite of executive dashboards and reports designed to accelerate review and approval of GRCM information throughout the enterprise. Customers can drill-through to detailed sub-reports of other live GRCM data within SOX Express. This capability speeds issues resolution and provides organizations with immediate access to the detailed internal controls information they require for exception monitoring.

CommandCenter dashboards and reports can be used by executives, project managers, documentation team members, internal auditors and external auditors to view the current state of compliance processes in the organization.

"This technology will let companies manage the overall process of compliance.... The benefit of these technologies is that they permit much faster reaction to problematic compliance areas.... Constant awareness conditions managers to sustain compliance, not forget about it," said John Hagerty, Vice President AMR Research, in the alert titled, "SOX Decisions 2005."

"A key element to effective, efficient and sustainable compliance is the ability to quickly identify and remediate key issues within a company's internal controls framework. With CommandCenter, powered by ReportNet, OpenPages is providing its customers and prospects with unparalleled capabilities for monitoring governance, risk and compliance processes," said Peter Emerson, vice president of business development at OpenPages. "Extending our relationship with Cognos further underscores our commitment to the synergies between risk and performance management in the enterprise."

"The combination of our revolutionary reporting capabilities with OpenPages proven compliance solution helps organizations automate significant aspects of their internal controls framework, while providing them with a better process for reporting, analyzing, and monitoring the effectiveness and improvement of these controls. This capability helps customers reduce the overall cost of compliance," said Doug Barton, vice president, product marketing, Cognos. "We are elevating our partnership with the leader in this important new emerging category and are committed to seeing our customers unlock sustainable performance improvement from their investments in risk and compliance management systems."

With Cognos and its partners, companies can meet the requirements of the Sarbanes-Oxley Act -- certification, disclosure and timely reporting. Cognos business intelligence and performance management solutions provide an integrated operational and financial view for customers to proactively address business challenges for sustainable compliance and greater operational effectiveness.

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.

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 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.

About Cognos

Cognos, the world leader in enterprise business intelligence and corporate performance management, delivers software and services that help companies drive, monitor and understand corporate performance.

Cognos delivers the next level of competitive advantage -- Corporate Performance Management (CPM) -- achieved through the strategic application of BI on an enterprise scale. Our integrated CPM solution helps customers drive performance through planning; monitor performance through scorecarding; and understand performance through business intelligence.

Cognos serves more than 23,000 customers in over 135 countries. Cognos enterprise business intelligence and performance management solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com.

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

Cognos and the Cognos logo are trademarks or registered trademarks of Cognos Incorporated in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.

Note to Editors: Copies of previous Cognos press releases and Corporate and product information are available on the Cognos Web site at www.cognos.com and at PR Newswire's site at www.prnewswire.com.

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