Inovis Successfully Completes Type II SAS 70 Audit

Atlanta, GA — January 20, 2009 — Inovis today announced that it has successfully completed the Statement on Auditing Standards (SAS) No. 70, Service Organizations, Type II compliance audits. The SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) and confirms that a services organization has completed an in-depth audit of its information technology and operational processes.

The audit was performed by the independent audit firm, PriceWaterhouseCoopers. In order to complete the audit, Inovis defined control objectives for significant areas of internal control to support the scope of the audit. The control objectives in the report addressed the following areas:

  • Customer Data, Transactions, and Document Processing
  • Systems Monitoring and Security
  • Application Development and Maintenance Activities

The independent service auditors performed extensive testing on control activities that have been implemented by Inovis to ensure the integrity and security of its hosted Value Added Network (VAN) platform. The testing allowed the service auditor to verify that the controls were suitably designed and provided assurance that the specified control objectives are achieved. Following this rigorous examination, the auditing firm was able to issue an unqualified positive finding. An unqualified opinion is provided by auditors when there are no material instances of noncompliance.

"Companies are increasingly outsourcing larger components of their business community and supply chain management operations to companies, like Inovis, as a way to reduce costs and improve their focus on their organizations' core competencies," said Steve Cochran, chief marketing officer, Inovis. "The regular SAS audits are just another part of our continuous investment in ensuring world-class quality in our business process outsourcing and software-as-a-service offerings."

About Inovis
Inovis is a leading provider of on-demand Business Community Management solutions that empower companies to transact, collaborate and optimize communications with their entire trading community. By standardizing and automating mission-critical business interactions, companies can dramatically reduce the complexity and cost of supply chain communication. This foundation of high-quality, reliable and secure connectivity provides real-time visibility across the order-to-payment lifecycle. The resulting actionable intelligence enables users to proactively address supply chain issues before they impact profitability, shortening cycle times, improving productivity and increasing customer satisfaction.

With more than 20 years of expertise, Inovis delivers its products and services to more than 20,000 companies over a wide range of industries and markets across the globe. For more information, visit http://www.inovis.com.

Inovis is a trademark of Inovis, Inc.

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Doug Kern
Director, Marketing

+1 404.467.3565
doug.kern@inovis.com
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