webMethods Recognized in the Emergence of Continuous Controls Monitoring by Independent Research Firm
September 19 2005 - 9:00AM
PR Newswire (US)
webMethods for Compliance Automates Real-time Compliance Monitoring
FAIRFAX, Va., Sept. 19 /PRNewswire/ -- webMethods Inc.
(NASDAQ:WEBM), a leading business integration and optimization
software company, today announced that webMethods for Compliance
was recognized in a recent report by Forrester Research as one of
six software solutions meeting its criteria for continuous controls
monitoring (CCM). As enterprises seek to institutionalize their
ongoing compliance initiatives, CCM has emerged as a key component
of these efforts, allowing them to replace inefficient and
incomplete manual testing of required control points with
automated, real-time monitoring. As suggested by the report
[Controls Monitoring Solutions Gaining Momentum -- Companies Seek
Better Automated Capabilities for SOX Compliance by Paul Hamerman
with Ian Schuler (August 29, 2005)], "Rather than test periodically
using a limited sample, what if every transaction could be used to
detect errors and control violations? Better yet, what if the
controls monitoring occurred on a real-time or near-real-time basis
and included measures to prevent controls from breaking down?
Detection and prevention are the goals of continuous controls
monitoring solutions. Accomplishing these goals requires tools that
can handle large volumes of transactions and built-in intelligence
to apply rules to this information." Based on the technology
components of webMethods Fabric(TM), webMethods for Compliance
provides enterprises with the ability to continuously and
automatically monitor a variety of business processes and control
points to ensure the completeness, accuracy and validity of all
transactions impacted by the Sarbanes-Oxley Act and similar
regulations. Leveraging the patent-pending predictive analysis
capabilities of the company's Business Activity Monitoring
technology, webMethods for Compliance can even dynamically
establish thresholds for acceptable behavior, proactively alert
users to out-of-norm activities, and anticipate potential
violations before they occur based on real-time correlation with
past events. With over 1,300 enterprises employing its solutions,
webMethods was the largest of the six vendors highlighted in the
report and the only publicly- traded company within the group.
Another unique differentiator for the company is the depth and
breadth of its best-in-class business integration and process
automation capabilities. Rather than simply documenting process
deficiencies, enterprises can leverage these resources to remediate
these situations to realize significant business benefits by
streamlining and automating these operations. "The fundamental
requirements of any continuous controls monitoring solution are
enterprise scalability along with the ability to readily apply
business logic to observed events under a variety of circumstances.
By taking advantage of webMethods Fabric -- mission-critical
infrastructure for numerous Global 2000 enterprises -- webMethods
for Compliance fully addresses both of these requirements," said
Arnold Huffman, vice president, webMethods Inc. "Operating as an
overlay network offering real-time intelligence on a number of
business-critical processes, webMethods for Compliance functions as
the central nervous system helping enterprises simultaneously
address all of their compliance requirements while offering the
additional benefit of continuous process improvements as well."
About webMethods, Inc. webMethods (NASDAQ:WEBM) provides business
integration software to integrate, assemble and optimize available
IT assets to drive business process productivity. webMethods
delivers an innovative, enterprise-class business integration
platform that incorporates proven integration technology with next
generation capabilities into one interoperable set of tools that
delivers a unique combination of efficiency, agility and control.
webMethods combines industry leadership with a zealous commitment
to customers to deliver tangible business value to more than 1,300
global customers. webMethods is headquartered in Fairfax, Va., with
offices throughout the U.S., Europe, Asia Pacific and Japan. More
information about the company can be found at
http://www.webmethods.com/. The webMethods name and logo are
registered trademarks, and webMethods Fabric is a trademark, of
webMethods, Inc. All other marks mentioned are trademarks or
service marks of their respective companies. DATASOURCE:
webMethods, Inc. CONTACT: John Conley of webMethods,
+1-703-460-5996, Web site: http://www.webmethods.com/
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