Tembec Selects Appian for Comprehensive BPM-Based Sarbanes-Oxley Compliance Solution
Company to Improve its Financial and Operational Performance by Streamlining its Compliance Process
Vienna, VA., December 20, 2005 – Appian Corporation, the first Business Process Management (BPM) company to deliver advanced process, knowledge and analytics capabilities in a fully integrated suite, today announced that Tembec, a multi-billion dollar integrated forest products company, selected the company’s Sarbanes-Oxley Compliance solution to provide continuous controls monitoring and ensure end-to-end compliance with all relevant sections of the mandate. After an extensive, competitive review, Tembec chose Appian’s BPM-based Sarbanes-Oxley solution to increase global visibility into financial auditing processes across the company, providing executives with real-time, actionable insight about key financial processes and activities.”Tembec needed a software solution that could help us automate our Sarbanes-Oxley compliance across our 50 manufacturing units, while allowing us to continuously monitor and change those processes when and where we need to,” said Michel Fecteau, CA, Director – Internal Audit and Financial Controls, Tembec. “Appian’s Sarbanes-Oxley compliance solution will make it easier to monitor and sustain compliance and therefore reduce current and on-going compliance costs. Appian’s solution will allow us to simplify, streamline and improve our business processes.”
According to a recent Gartner report (Sarbanes-Oxley Spending Continues to Disrupt Software Purchases), “The answer to SOX and other compliance regulations cannot be found solely in software packages – it exists in business processes and IT controls, and how to leverage technology to support and enhance those processes. Through 2007, companies that choose one-off solutions to each regulatory challenge they face will spend 10 times more on IT solutions for compliance than their counterparts that take a sustainable, program-office-based approach.”
Powered by the Appian Enterprise BPM platform, Appian’s Sarbanes-Oxley solution is a major component of Appian’s Compliance Process Management Suite. Leveraging a COSO-based framework for auditing internal financial processes, Appian’s solution is focused on helping companies achieve continuous compliance with sections 404 and 302 of the Sarbanes-Oxley Act.
In addition, Appian’s ability to automate other related financial processes and monitor existing ERP environments introduces a framework for continuous control monitoring, allowing process owners to directly link process documentation with automated IT actions and workflows within the Appian platform. This enables the system to actively monitor the status of compliance for internal controls across the enterprise, in real-time, and ensures that any violation of an internal control is instantly reported to compliance managers and reflected as an issue in the internal control framework.
“Tembec recognizes the value that a BPM-based solution provides to effectively manage compliance processes,” said Kevin Spurway, Vice President of Marketing, Appian Corporation. “Implementing Appian’s Sarbanes-Oxley solution today will allow Tembec to address process-centric business challenges in the future.”
Appian provides a leading low-code software development platform that enables organizations to rapidly develop powerful and unique applications. The applications created on Appian’s platform help companies drive digital transformation and competitive differentiation. For more information, visit www.appian.com.