the controls, as described, are suitably designed to provide reasonable assurance that the specified control objectives would be achieved
Calgary, AB (PRWEB) May 12, 2008
Replicon, Inc., the world-leader in time and expense tracking software, has announced that Replicon Hosted Web TimeSheet has passed a Statement of Auditing Standards (SAS) No. 70 Type 2 audit. Passing the audit, independently conducted by SAS 70 Solutions, Inc., establishes that Replicon's control objectives and activities meet the conditions of the audit for the standards and safeguards of Replicon Hosted Web TimeSheet.
This audit was sought out by Replicon as a way to confirm that their customers were getting the highest quality product available for their needs. "It was important for Replicon to participate in this audit process as our customers face increased pressure for corporate governance and security," said Raj Narayanaswamy, Co-CEO of Replicon, "passing the SAS 70 Type 2 on Replicon Hosted Web TimeSheet allows us to ensure that our customers are getting a consistently reliable and secure online time and expense management solution."
Implementing a time and expense tracking solution, such as Web TimeSheet, obliges employees to account for their time, leading to less time wasted. Using Replicon Hosted Web TimeSheet eliminates the need to purchase, build, maintain, and secure complex servers and database systems, saving your organization thousands of dollars on hardware, software, and staffing. Replicon participated in the audit to provide assurance to customers that Replicon Hosted Web TimeSheet is stored on secure servers, in a secure environment, and that there are procedures in place to maintain that security.
As a result of the SAS 70 Type 2 Audit on Replicon Hosted Web TimeSheet, the auditor concluded that, "the controls, as described, are suitably designed to provide reasonable assurance that the specified control objectives would be achieved," and that Replicon's servers, and the data they store, are secure and reliable.
Replicon is committed to providing customers with the best possible product to suit their needs. With focus on innovative yet simple software solutions, Replicon has become the dominant player in time and expense tracking software, with over 6700 customers in 60 countries. Customers who choose to use the Replicon Hosted Web TimeSheet now have added assurance that their data is safe from unauthorized access, unauthorized modifications, and environmental threats such as fire or flood.
Founded in 1996, Replicon is the world leader in web-based time and expense management solutions, and the innovator in productivity software. Thanks to Replicon's flagship application Web Timesheet, professional services organizations now have quantitative, real-time analysis of workforce productivity and a way to set meaningful productivity goals for employees that are tied directly to bottom line revenues. Replicon launched version 1.0 in 1998 and has grown revenues in excess of 250 percent for the last two years. Replicon has grown its total user base to more than 6700 customers worldwide.