BP is to use software from Cleveland-based Axentis Inc. to ease the burden of Sarbanes-Oxley reporting for its worldwide operations. Axentis supplies governance, risk and compliance (GRC) management software as managed service applications. GRC addresses requirements such as Sarbanes-Oxley, Code of Conduct, Anti-Trust, AML, and HIPAA. Axentis Enterprise will be implemented across the entire BP organization as part of the company’s program of internal control.
BP’s Mike Desmond said, ‘We reviewed a range of GRC applications and found Axentis best met the needs of our complex organization. These range from drilling operations in northern Alaska to selling food in convenience stores all over the world. The rapid pace of Sarbanes-Oxley process evolution and breadth of our implementation make delivery of Axentis Enterprise as a managed, ‘on demand’ service a fundamental requirement for BP.’
Axentis CEO Ted Frank added, ‘We are committed to helping companies turn the perceived burden of Sarbanes-Oxley into a driver of better business performance. Companies such as BP, which are the forefront of corporate governance, will have significant impact on the evolution of GRC technology.’ Axentis claims over 500,000 users in 100 countries. More from www.axentis.com.
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