Issue set to become critical in the increasingly regulatory business environment
As leading analyst houses are predicting heavy costs and complex processes to attain Sarbanes-Oxley compliance, many companies are failing to realise the key role that application consolidation can play in meeting audit and compliance requirements. Any company with a listing on Nasdaq or the New York Stock Exchange (NYSE) has to comply with the new legislation, even if it is a European company headquartered outside of the US.The law will affect storage of electronic records as well as finances.
In the visionapp environment, data is entirely secure because it never leaves the data centre; access is granted to consolidated applications via a portal. By securing the access of a finite amount of users as opposed to attempting to secure a vast amount of business data, visionapp believes that companies can meet compliance requirements cost effectively, and also enjoy the additional benefits of optimised enterprise resources, reduced management costs and enhanced efficiency of business systems.
Sarbanes-Oxley legislation dictates that companies implement internal controls or rules to govern the creation and documentation of financial statements. As IT systems are used to generate, change, house and transport that data, it will become mandatory for companies to implement effective, reliable controls that can guarantee the information stands up to audit scrutiny. Similarly, BS 7799 (ISO17799) is comprehensive in its coverage of security issues, and contains a significant number of control requirements. In both instances, the enterprise is now held accountable for the integrity of its data.
In order to meet the July 2004 deadline for full compliance, companies have already made a substantial investment in discovering and fixing network vulnerabilities in order to limit their exposure. The spending is set to continue: one leading analyst house estimates that large and midsize enterprises will spend $2 million through 2005 to become compliant with Sarbanes-Oxley legislation alone.
Sarbanes-Oxley has far reaching consequences for all organisations, even those outside of financial services. Most enterprises rely extensively on technology for financial reporting, and consequently are increasingly dependent on the open IP network to do business with suppliers, customers and partners. This presents an entirely new category of accountability and best practice necessary to specifically address Sarbanes-Oxley and the growing concern over network security in general.
visionapp specialises in server-based solutions that enable enterprises to efficiently centralise their applications and provide secure, simplified access for their distributed workforce. The company provides two key products that address application consolidation and application access: visionapp Platform Management Suite and visionapp Access Portal. visionapp Platform Management Suite provides fully automated installation and administration processes for large terminal server environments, including Citrix MetaFrame XP Presentation Server. It not only reduces downtime and improves operational availability, but it also provides significant risk reduction and change management capability while increasing overall productivity. visionapp Access Portal provides secure, consistent access to corporate applications through a centralised environment. Applications are delivered through one central location, as opposed to every desktop, thus dramatically reducing IT support costs. Fur
thermore, visionapp’s partner relationships for encryption and authentication functionality ensure simplified, yet secure, access using a standard web browser.
visionapp has a blue chip customer base and a strong presence in Financial Services with six of the ten largest banks in Germany using visionapp. With almost 70,000 seats worldwide, visionapp customers include companies such as Deutsche Bank, Daimler Chrysler Bank, Dresdner Bank, BW Bank, Bayerische Landesbank, RWE Innogy and L’Oreal. Furthermore, iZBSOFT, the largest server-based computing site in the world, uses visionapp products to manage its server-based computing environment.
visionapp is a provider of innovative end-to-end server based computing and portal solutions; specialising in the planning, implementation and operation of solutions based on Microsoft and Citrix technologies. visionapp tools enable the creation of standardised solutions for application portals in addition to the installation, automation and management of Citrix server farms. The company are currently the largest solution provider for server based computing in Germany and clients include Dresdner Bank, Fujitsu-Siemens and DaimlerChrysler Bank. For more information on visionapp, please visit www.visionapp.com
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