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Monday, November 22, 2004

Ingersoll-Rand Selects OpenPages SOX Express for Sarbanes-Oxley Compliance

OpenPages, a leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Ingersoll-Rand Company Limited has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Section 302 and 404 compliance initiatives.

Ingersoll-Rand is a leading innovation and solutions provider for the major global markets of Security and Safety, Climate Control, Industrial Solutions and Infrastructure. The company's diverse product portfolio encompasses such leading industrial and commercial brands as Schlage locks and security solutions; Thermo King transport temperature control equipment; Hussmann commercial and retail refrigeration equipment; Bobcat compact equipment; Club Car golf cars and utility vehicles; and Ingersoll-Rand industrial and construction equipment. In addition, IR offers products and services under many more premium brands for customers in industrial and commercial markets.

Ingersoll-Rand will deploy SOX Express to streamline its internal control documentation process across all of its locations. It will enable the collection of information regarding ongoing business controls deployment and monitoring, resulting in a reduction of compliance costs. By combining a strong document repository with powerful compliance automation capabilities, SOX Express will facilitate both project management and compliance, using web-based tools to get users up to speed quickly.

"Leveraging our internal controls documentation to date was a critical factor in selecting a software application for Sarbanes-Oxley," said Tim Scofield, vice president and director, Audit Services, for Ingersoll-Rand. "By offering an easy migration from Internal Controls Workbench to SOX Express, OpenPages keeps our initiatives on track while significantly upgrading our capabilities for ensuring highly efficient, cost-effective, quarter-over-quarter compliance."

Ingersoll-Rand Selects OpenPages SOX Express for Sarbanes-Oxley Compliance


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