Control Point Solutions Meets Sarbanes-Oxley Compliance for Clients Through SAS 70 Quality Process

Control Point Solutions Meets Sarbanes-Oxley Compliance for Clients Through SAS 70 Quality Process

RUTHERFORD, N.J., Feb. 10 /PRNewswire/ -- Control Point Solutions, the leading telecom expense management firm, today announced that its Telecommunications Expense Management Outsource program, its BillTamer(R) software and Control Center(R) Web Reporting portal received SAS-70 Type II favorable opinion from independent auditors. The SAS 70 standard enables independent auditors to evaluate and issue an opinion on a service organization's internal controls. In the past, Control Point Solutions was able to demonstrate its effective control procedures with individual client's auditors. Now, Control Point Solutions can provide the SAS 70 opinion and report to its clients.

"We applied for this SAS 70 review because it is the standard for Sarbanes-Oxley compliance, and it provides clients assurance that there are controls in place for our service to ensure data integrity," said Greg Carr, Control Point Solutions' President and CEO. The standard extends to control activities, risk assessment processes, information and communication processes, as well as monitoring processes. "Meeting the requirements of the SAS 70 audit is an important achievement and milestone that means that Control Point Solutions' processes, procedures and general controls stand up to the highest level of scrutiny," added Carr.

The requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 standards even more important to the process of reporting on effective internal controls at service organizations. "In today's global economy, service organizations and service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers," said Carr. Many companies do not have the internal resources to achieve Sarbanes-Oxley compliance. Therefore, when offering outsourcing telecom expense management, implementation of SAS 70 provides credible, effective financial reporting that differentiates compliant organizations from those that have not adopted review.

"The SAS 70 standard gives additional confidence that proven processes and policies are in place," added Carr. "We believe it is something our clients deserve and all clients should insist upon."

About Control Point Solutions (http://www.controlpointsolutions.com/)

Formed by the merger of Broadmargin and Teldata Control in August 2004, Control Point Solutions is the leading telecom expense management firm, with more than $7 billion in client telecom expenses under management at the time of the merger. The firms have reduced their clients' network expenses by more than $1.5 billion. Headquartered in Rutherford, New Jersey, Control Point Solutions has more than 400 employees and operations in seven states and overseas.


Source: Control Point Solutions

CONTACT: R. Gregory Jones of McCormick Communications, +1-908-876-5988,
rgjones@mccpr.com, for Control Point Solutions

Web site: http://www.controlpointsolutions.com/


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