SOURCE: OpenPages

November 15, 2006 09:00 ET

Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance

WALTHAM, MA -- (MARKET WIRE) -- November 15, 2006 -- OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Reynolds American Inc. (NYSE: RAI) has selected OpenPages FCM to support its Sarbanes-Oxley compliance initiatives. OpenPages FCM will allow the company to automate the ongoing test and review of its internal controls documentation in order to reduce the time and resource costs associated with Section 404 and 302 compliance.

Reynolds American Inc. is the parent company of R.J. Reynolds Tobacco Company; Conwood Company, LLC; Santa Fe Natural Tobacco Company, Inc.; Lane, Limited; and R.J. Reynolds Global Products, Inc. RAI became a publicly traded company on July 30, 2004, following a business transaction that combined the U.S. operations of the nation's No. 2 and No. 3 tobacco companies. RAI acquired Conwood, the nation's second-largest smokeless tobacco manufacturer, in May 2006.

OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM 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, OpenPages FCM 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.

About OpenPages

OpenPages is the leading provider of governance, risk and compliance management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.

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
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    North America
    Michael Parker
    Lois Paul & Partners
    781.782.5714
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    Europe
    Louise Matthews
    Harvard Public Relations
    +44 208 759 0005
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