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What is BizFlow®?
HandySoft Best for Compliance ROI, According to BPM Today
BizFlow Ideal for Virtually Any Compliance Issue
"HandySoft has proven its ability to translate compliance requirements into functional operations in its BizFlow® product," according to the BPM Today review. "The company has become expert in successfully addressing common compliance requirements in the areas of control, management and tracking. … This experience directly translates into reduced cost, increased ROI and reduction of risk."
The assessment made by BPM Today that HandySoft can enable companies to achieve compliance ROI is particularly significant in light of a new survey by Financial Executives International (FEI), which recently reported that Sarbanes-Oxley compliance will now cost companies 62 percent more, on average, than they had previously projected. According to this new survey, compliance with Section 404 will take up twice as many employee hours than the companies surveyed had initially thought, contributing to a 109 percent rise in internal costs.
"Although compliance typically is not considered an ROI investment, BPM vendors that embed knowledge and develop extensive experience with compliance requirements can contribute to ROI by reducing the cost of compliance and limiting corporate risk," added the BPM Today review. "From this perspective, HandySoft is the leader of the BPM pack in providing the best BPM compliance ROI."
"Demonstrating a clear understanding of the next level of value BPM represents, the SOXA Accelerator is an out-of-the-box system for achieving Sarbox compliance," BPM Today's review continued. "Most BPM products are quite capable of addressing Sarbanes-Oxley compliance, but HandySoft has simplified the effort dramatically, and reduced risk by leading the industry in embedding comprehensive domain knowledge into BizFlow with the SOXA Accelerator. A job well-done."
BPM Today highlights the fact that BPM in general, and HandySoft's BizFlow BPM platform in particular, are well suited to deal with virtually any compliance related issue. In naming HandySoft the best in BPM compliance ROI, BPM Today praises HandySoft's experience in helping pharmaceutical companies address heavy regulatory burdens, as well as assisting other companies in dealing with OSHA requirements for manufacturing and a wide array of other government regulations.
"Not that Sarbox is the only compliance-related issue BPM and HandySoft addresses. BPM is ideal for dealing with virtually any compliance issue, regardless of whether it is regulatory in nature or driven by partner needs," added the BPM Today review. "…Yet the value-added position that HandySoft has carved out is the reduction of risk and cost by embedding substantial domain knowledge on top of its BizFlow BPM product."
"Corporate governance is not just about regulatory compliance. It's about institutionalizing an internal control framework, reducing deficiencies in controls, improving inefficient business processes and managing risk across your enterprise," said Stuart Claggett, chief operating officer of HandySoft Global. "We want to help companies create a sustainable and manageable control framework to support their entire business. In its initial phase, this will be a framework that helps companies manage the critical documentation and testing cycles required to achieve short-term compliance. Over the long haul, however, our approach to BPM can also provide the foundation to eliminate deficient controls and improve control effectiveness by putting into operations the controls designed to mitigate risks."
To access a copy of the product review of HandySoft BizFlow conducted by BPM Today, please visit: www.handysoft.com.
About BPM Today
BPM Today is part of NewsFactor Network, one of the leading technology news publishers in the U.S., with an audience of more than 11.5 million readers per month. The network attracts a targeted audience of I.T. and business professionals who need timely industry news about information technology, along with reliable, objective analysis. Known as "The Business Process Management Super-Site," BPM Today is the largest publication in the U.S. focusing exclusively on BPM. Topics include data analytics, sales automation, employee relations, supply chain management, resource planning, and more, with extensive daily news, product reviews, and special reports. For more information, please visit http://www.BPMToday.com and http://www.NewsFactor.com.
About HandySoft Global Corporation
HandySoft Global Corporation is the premier provider of configurable software solutions that simplify and automate business processes; capture and enforce best practices; improve productivity and quality while reducing costs; integrate information technology; and foster collaboration among employees, customers, and partners.
The foundation for HandySoft's industry and departmental solutions is BizFlow®, the award-winning platform for business process management, automated workflow, and collaboration. BizFlow offers complete capabilities for building and managing automated business processes, including tools for designing and monitoring the processes, presenting and accessing work, integrating existing IT systems, and administering the platform itself. As a global solutions provider, HandySoft Global is headquartered in Vienna, VA, with offices in Australia, Japan, London, and Korea, with strategic partner representation throughout the world. HandySoft has implemented process management solutions at hundreds of sites worldwide. For more information call +1-703-442-5600, email info@handysoft.com or visit www.handysoft.com.
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