SOURCE: LogicalApps

June 13, 2006 09:00 ET

LogicalApps Introduces Integrity Healthcheck Service for Oracle E-Business Suite

First Packaged Service to Identify Compliance Problems in Financial Applications and Deliver Risk-Based Remediation Plan

IRVINE, CA -- (MARKET WIRE) -- June 13, 2006 -- LogicalApps, the leading provider of embedded governance software for enterprise applications, has introduced its Integrity HealthCheck™ service for Oracle E-Business Suite. Using technology from LogicalApps' ACTIVE Governance solution, the Integrity HealthCheck is the first packaged service to identify compliance problems within the application environment and deliver a comprehensive risk assessment and remediation plan.

"The Integrity HealthCheck performed by LogicalApps has provided us a tremendous advantage toward creating an effective and measurable approach in remediating user access conflicts in our Oracle E-Business Suite," said Nicholas Maimone, CFO of Kyocera Mita America, Inc. "It would have taken us months using internal resources to gather the same detailed and comprehensive information that the HealthCheck provided."

Integrity HealthCheck provides a detailed analysis of segregation of duties (SOD) conflicts, financial control weaknesses and configuration anomalies within the ERP system. It evaluates a company's compliance with Sarbanes-Oxley (SOX) requirements and compares the customer's environment with industry "best practices" in the areas of access management and application controls. The service deliverables include an executive-level summary of critical compliance metrics, detailed reports on all control violations and vulnerabilities, and a step-by-step remediation plan to reduce risk and improve financial integrity.

"LogicalApps' Integrity HealthCheck delivers up-front insight into compliance gaps and provides governance and compliance teams with a recommended approach to fill those gaps. It's like getting your diet and exercise plans along with needed prescriptions to start you on the road to a healthier lifestyle," said John Hagerty in the June 2006 AMR Research Alert, "A Compliance Checkup for Oracle E-Business Suite." Integrity HealthCheck scans a company's production application within minutes and assesses risks in such areas as cash management, payroll, payables, receivables, order entry and many others. The service can detect open inventory or financial periods, employee records linked to multiple users, and many other vulnerabilities. Integrity HealthCheck offers an ideal benchmark to prepare for an external audit or validate the effectiveness of internal controls.

"The Integrity HealthCheck service has been exceptionally well-received by our customers, even if they have already completed SOX remediation projects or began some form of compliance automation," said Chris Capdevila, CEO and co-founder of LogicalApps. "Most are amazed at the number of hidden risks found by Integrity HealthCheck that could cause serious problems. More importantly, the service provides the necessary remediation steps to resolve and prevent compliance problems using industry best-practices."

Integrity HealthCheck is one of several governance solutions offered by LogicalApps to improve financial integrity, operational efficiency and control for organizations using the Oracle E-Business Suite. ACTIVE Governance automates the monitoring and prevention of control violations for user access, master data and configuration changes and key financial transactions.

For more information about Integrity HealthCheck, ACTIVE Governance or other LogicalApps solutions, visit www.logicalapps.com.

ABOUT LOGICALAPPS

LogicalApps is the leading provider of embedded governance software for enterprise applications. The company's solutions automate the real-time enforcement and monitoring of business controls, enabling customers to optimize operational efficiency and ensure continuous compliance with today's regulatory mandates.

The company's growing customer base of over 150 blue chip companies -- including industry leaders such as Agilent, Motorola, Tempur-Pedic, and the US Department of Transportation -- rely on LogicalApps to reduce compliance costs, increase efficiency in business operations and minimize risk resulting from errors, misuse and fraud within enterprise applications. With LogicalApps, organizations get more than sustainability in compliance -- they get increased control and visibility to better govern their business.

Founded in 2000, LogicalApps is privately-held with headquarters in Irvine, California and regional offices throughout the US. For more information visit us at: www.logicalapps.com.

Oracle is a registered trademark of Oracle Corporation.

Contact Information

  • MEDIA CONTACTS FOR LOGICALAPPS:

    Darryl Lloyd
    Darryl Lloyd, Inc.
    805-499-0562
    Email Contact

    Carla Fitzgerald
    LogicalApps
    949-419-1288
    Email Contact