SOURCE: Enporion

May 08, 2008 10:43 ET

Enporion Successfully Completes Type II SAS 70 Audit on Supply Chain Solutions

TAMPA, FL--(Marketwire - May 8, 2008) - Enporion, a leading provider of sourcing and procurement solutions and services, successfully completed a SAS 70 audit, an independent auditor's review of its e-commerce supply chain management hosted solutions. The audit covered Enporion's supply chain management services for sourcing and procurement, which enables hundreds of utility, manufacturing and other companies to electronically conduct supply chain transactions with each other. The auditor's unqualified opinion noted no exceptions during the audit and that Enporion has established effectively designated control objectives and activities.

"This audit of our operations to gain the SAS 70 approval demonstrates that we are providing trusted, secure supply chain management solutions for our customers," said George Gordon, Chairman and CEO of Enporion, "and that we strive to exceed expectations by achieving a higher level assurance of our solutions, which in turn strengthens our customers' operations."

The Statement on Auditing Standards (SAS) No. 70, Service Organizations, developed by the American Institute of Certified Public Accountants (AICPA), is an in-depth audit of a service organization's control objectives and activities, including controls over information technology and related processes. Application services providers (ASPs) as well as Software-as-a-Service (SaaS) providers, such as Enporion, must demonstrate that they have adequate controls and safeguards in place when hosting or processing customer data. Enporion underwent the extended Type II SAS audit, which includes detailed testing of controls over an extended audit time period.

About Enporion

Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.

Enporion's Supply Chain Manager®, an integrated suite of e-commerce tools, delivers cost reduction through price and process savings, and includes capabilities in catalog management, supplier enablement and connection, spend reporting, e-sourcing including auctions and electronic RFx's, and contract management. These applications are delivered in a Software-as-a-Service environment, resulting in quick implementation and early realization of benefits. Visit Enporion online at www.enporion.com.

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