Lumigent to Promote Continuous Controls Monitoring for PeopleSoft Financials at Oracle User Groups' COLLABORATE 10 (http://bit.ly/c3Ialw)
• Lumigent will demonstrate AppGRC for PeopleSoft Financial Management • AppGRC solution automates and continuously monitors key business controls and master data, reducing audit costs by up to 45 percent • Visit Lumigent in booth 938

ACTON, MA, April 16, 2010 /24-7PressRelease/ -- Lumigent Technologies, Inc., the GRC business apps company, today announced its participation in COLLABORATE 10, the Technology and Applications Forum for the Oracle Community, to be presented by the Independent Oracle Users Group, the Oracle Applications Users Group (OAUG) and Quest International Users Group. COLLABORATE 10 will be held April 18-22, 2010, at the Mandalay Bay Convention Center in Las Vegas. A 2010 OAUG Two-Star Partner, Lumigent will be exhibiting in booth 938.

At the conference, Lumigent will be demonstrating its PeopleSoft audit solution, AppGRC for PeopleSoft Financial Management . The Lumigent solution enables organizations running Oracle's PeopleSoft Enterprise Financial Management to continuously monitor its key business controls and master data, mitigating organization risk and thereby reducing their audit costs by up to 45 percent.

A financial compliance control system that runs alongside PeopleSoft Financial Management, AppGRC for PeopleSoft Financial Management strengthens the integrity of critical business operations and reporting. Through automated data baselining and continuous monitoring of data and controls, AppGRC for PeopleSoft Financial Management enhances the accuracy of financial reporting and decision making by providing persuasive, source-level information.

AppGRC for PeopleSoft Financial Management doesn't just monitor controls — it is the control system, and it captures every change to the source data it monitors. Through continuous monitoring, it also assures that a report of "no change" is provable and persuasive, thereby satisfying all of the requirements for auditors conducting SOX, DCAA and other regulatory or internal audits.

Pre-configured to monitor the most critical application data, AppGRC for PeopleSoft Financial Management can be up and running in days. Additionally, it can be extended and configured to meet an individual organization's unique controls and PeopleSoft audit regulatory requirements. The business processes addressed by AppGRC for PeopleSoft Financial Management include financial accounting and reporting, purchase to pay, order to cash, fixed assets, inventory management, and manufacturing.

For more information on Lumigent, visit www.lumigent.com and the Lumigent blog at http://www.lumigent.com/blog/. Follow Lumigent on Twitter at @Lumigent or Facebook at http://www.facebook.com/Lumigent.

Resources

AppGRC : http://bit.ly/AppGRC
AppGRC for PeopleSoft Financial Management : http://bit.ly/Ky3G4
Lumigent website: http://www.lumigent.com
Lumigent blog: http://www.lumigent.com/blog/
Lumigent on Twitter: http://www.twitter.com/Lumigent
Lumigent on Facebook: http://www.facebook.com/Lumigent
Lumigent press releases: http://www.lumigent.com/news_events/press_releases.html
Lumigent executive commentaries: http://www.lumigent.com/news_events/executive_commentaries.html
Lumigent artwork: http://www.lumigent.com/news_events/artwork.html

About Lumigent

Lumigent reduces the cost of auditing and compliance reporting with automated Governance, Risk and Compliance software. Lumigent's AppGRC reduces cost and mitigates risk by continuously monitoring application specific data and controls, ensuring the integrity of critical business information. Organizations worldwide use Lumigent's AppGRC software in some of the most heavily regulated industries, including financial services, healthcare, manufacturing and government. For more information, please visit www.lumigent.com.

Press Release Contact Information:

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