SOX News

SymSoft ControlPanelGRC Selected Pentair for Sarbanes-Oxley Compliance in SAP, Reducing Annual Maintenance Costs, Cutting Risk, and Improving Audit Traceability

(June 3, 2010) - SymSoft Corporation, a provider of Governance, Risk and Compliance (GRC) solutions for SAP(R) environments, announced that global manufacturer Pentair, Inc. selected ControlPanelGRC(TM) to improve Segregation of Duties (SOD) analysis, Role provisioning and audit traceability for its Sarbanes-Oxley (SOX) compliance. A varied operating company with 2009 revenue of almost $3-billion, Pentair provides innovative products and systems through its Water and Technical Products Groups.

Pentair's Water Group Pump Division faced several challenges before deploying ControlPanelGRC compliance audit software. Among them, the sheer effort required for SOD conflicts analysis and annual user audit provisioning. "We recently had the opportunity to look at ControlPanelGRC and compare it to another product we had been using," said Christina Crone, Director of Business Technology for Pentair. "The great thing about ControlPanelGRC is its ease-of-use for a large user group as well as the opportunity to drive down annual maintenance costs. This SAP compliance solution delivers even more functionality at less cost than our previous GRC tool."

ControlPanelGRC is a second generation suite of modular, integrated applications for GRC in SAP that address the major areas of compliance concern, especially in heavily regulated industries. "As a publicly held company, Pentair faces strict compliance requirements, so ControlPanelGRC is an excellent solution for embedding that compliance and accelerating workflows to improve data access and reporting," said Dan Wilhelms, President and CEO of SymSoft. "This GRC solution empowers leaders such as Pentair to realize GRC process improvements and greater ROI from their SAP environments."

Minneapolis, Minn.-based Pentair is implementing ControlPanelGRC in a global, phased rollout. The first group of Pentair users in Europe went live in April with tools for compliance and user provisioning, including ControlPanelGRC Usage Analyzer, Emergency Access Manager and Transport Manager. Asia-Pacific and North America users will follow.

"Although just starting, we are counting on this leading SOX compliance software to deliver much easier ways of conducting our SOD analysis and corrective action as well as our user Role provisioning. The product has definitely delivered to date." Crone added that one of the pure benefits that she has realized is the ability to have new users provisioned quickly and automatically within existing Roles.

"We are a global environment. That means we need to provision new users quickly. We've been able to get them provisioned in Europe within an hour, which is huge for us. ControlPanelGRC affords the company a better audit trail for creation of new Roles, or the changing of existing Roles, than previously available," Crone said.

ControlPanelGRC integrates SymSoft's market-proven security and transport tools into a single, elegant compliance solution. The product's seven modules also go beyond SOD dictated by SOX to complement and extend any pre-installed GRC solution. The SOX compliance software provides additional tools for security troubleshooting, Reverse Business Engineering (RBE) functionality for usage analysis, real-time notification of executed Sensitive Transactions, automated reporting, embedded workflows to ensure review and risk mitigation, and C-level executive dashboards for "state-in-time" views of compliance issues.

For More Information Visit - www.controlpanelGRC.com.

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