InSite customers rely on our product suite to manage their entire service engagement process efficiently and cost-effectively without jeopardizing compliance
Chicago (PRWEB) December 10, 2007
Fieldglass, Inc., the leading global contingent workforce management and services procurement software provider, today announced its fourth consecutive successful completion of the Type 2 SAS 70 audit for its award-winning InSite® product suite. This achievement exemplifies Fieldglass’ ongoing commitment to maintaining a high level of internal control.
Completion of the SAS 70 audit also signifies that Fieldglass has proactively addressed the needs of its clients that are required to comply with Section 404 of the Sarbanes-Oxley Act of 2002. SAS 70 audit reports address all five components of internal control outlined in the Sarbanes-Oxley legislation, including the control environment, risk assessment activities, control activities, information and communication systems and monitoring activities.
"InSite customers rely on our product suite to manage their entire service engagement process efficiently and cost-effectively without jeopardizing compliance," said Dan Bell, vice president of quality assurance, Fieldglass, Inc. "With this fourth consecutive SAS 70 completion, Fieldglass has proven that it will continue to ensure a high level of internal control that our customers deserve. This commitment is just another way Fieldglass separates itself from the competition."
The audit examined five significant areas of internal control, including physical security, environmental protection, computer operations, information security, and application development and maintenance.
InSite is an on-demand services procurement application suite that provides large enterprises with a comprehensive platform for the acquisition and management of all categories of services such as contingent labor, professional, trade and information services and outsourced projects. The benefits of using InSite include greater visibility into talent trends and quality, spending and supplier performance, as well as improved operational efficiency and enforced corporate and regulatory compliance.
Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). The audit was completed in September 2007 for the review period of Oct. 1, 2006, to Sept. 30, 2007.
ABOUT FIELDGLASS, INC.
Fieldglass is the leading, global provider of contingent workforce management and services procurement solutions. Based on its award-winning, on-demand InSite® product suite, Fieldglass solutions help companies efficiently acquire and manage contingent staff and outsourced service providers while enforcing compliance, improving service quality, and gaining control of complex services spend.
Fieldglass clients, representing large global enterprises across industries such as financial services, healthcare, pharmaceuticals and telecommunications, report reducing total service spend up to 20% and cutting procurement cycle times up to 70%, delivering immediate impact to the bottom line. For more information, visit http://www.fieldglass.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.