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| Cartesis enters financial governance, risk and compliance market (GRC) with Cartesis Governance. | |
| 19th March 2007 Cartesis is to release Cartesis Governance, a new product designed to broaden its performance management platform to include integrated financial Governance, Risk and Compliance (GRC) capabilities as part of its suite. A combination of internal development and third party technology from BWise, a provider of Governance, Risk and Compliance software solutions, Cartesis Governance will integrate with Cartesis Finance and Cartesis Analytics applications. By building on the increasing synergy between the performance management, financial reporting and compliance requirements, Cartesis says it will provide its global customer base with a single framework for performance management, reporting and compliance, which will improve financial reporting and close processes and reduce the cost of compliance. Cartesis says, traditional performance management solutions alone do not offer the optimal solution to meet increasingly complex regulatory requirements for financial GRC. Due out in May 2007, Cartesis Governance will provide support for a range of financial compliance legislation including Sarbanes-Oxley, Loi de Sécurité Financière, J-SOX, Tabaksblat, and so called Euro-SOX requirements which will be implemented under local member state law through 2008. |
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