ACL Workpapers Eases Fortegra Financial's Transition to Publicly-Traded Company
10 Oktober 2012 - 1:03PM
PR Newswire (Canada)
Cloud-Based Software Transforms Audit Process for Newly-Formed Team
VANCOUVER, British Columbia, Oct. 11, 2012 /CNW/ - ACL, the
technology company that is transforming audit and risk management,
announced today that Fortegra Financial Corporation has implemented
ACL™ Workpapers to manage company-wide audit workflow. As a result,
Fortegra has been able to increase its audit process efficiencies
by 25 to 30 percent, generate external audit cost savings, and
improve internal communications by automating time-consuming
administrative functions. Fortegra, an insurance services company
that provides distribution and administration services and
insurance related products to insurance companies, brokers, agents,
and other financial services companies in the U.S., faced several
challenges as it transitioned from a private to publicly-traded
company. Its newly established internal audit department struggled
with hosting all work on a shared drive, which had become
unmanageable. Fortegra was in need of a flexible system that could
support Sarbanes-Oxley (SOX) compliance and enterprise risk
management (ERM), while also allowing for collaboration with
various business units and external auditors. Implementation of
on-premise server-based solutions were deemed too complex and cost
prohibitive, leading Fortegra to ACL Workpapers. "An initial public
offering is a major undertaking for audit and risk teams," said
Laurie Schultz, President and CEO of ACL. "Our technology and
expertise gives organizations unprecedented control over their
business, which removes a layer of concern and provides peace of
mind going forward." The easy-to-use workflow of ACL Workpapers
allowed Fortegra to upload its existing SOX work and audit plans,
organize workflow, and manage its ERM program. "We were half-way
through our SOX compliance process and it was an administrative
burden," explained Laura Bartz, CPA, Internal Audit Manager at
Fortegra. "ACL Workpapers offered us a simple, centralized, and
secure audit management system that immediately helped us become
more productive. Within a week, we were up and running." "ACL
Workpapers has increased our organizational efficiencies by helping
us communicate and collaborate better with our business unit
leaders," explained Emily Rhodin, CPA, CRMA, Vice President
Internal Audit & SOX Compliance for Fortegra. "We are now able
to determine our status and generate findings reports easily, which
allows us to communicate timing and results to our business leaders
and external auditors immediately upon request, and to compile
their comments in an organized way." To read the full case study,
visit www.acl.com/fortegra. About ACL ACL delivers technology
solutions that are transforming audit and risk management. Through
a combination of software and expert content, ACL enables powerful
internal controls that identify and mitigate risk, protect profits,
and accelerate performance. Driven by a desire to expand the
horizons of audit and risk management so they can deliver greater
strategic business value, we develop and advocate technology that
strengthens results, simplifies adoption, and improves usability.
ACL's integrated family of products—including our cloud?based audit
and compliance management solution and flagship data analytics
products—combine all vital components of audit and risk, and are
used seamlessly at all levels of the organization, from the C?suite
to front line audit and risk professionals and the business
managers they interface with. Enhanced reporting and dashboards
provide transparency and business context that allows organizations
to focus on what matters. And, thanks to 25 years of experience and
our consultative approach, we ensure fast, effective
implementation, so customers realize concrete business results fast
at low risk. Our actively engaged community of more than 14,000
customers around the globe—including 89% of the Fortune 500—tells
our story best. Here are just a few. Visit us online at
www.acl.com. ACL CONTACT: Jacqui Wilder, Stanton Public Relations
&
Marketing,+1-646-502-3538,jwilder@stantonprm.comhttp://www.acl.com
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