Lumigent, BTRG Announce Partnership on AppGRC for PeopleSoft Financial Management

Online, November 18, 2009 (Newswire.com) - Lumigent, BTRG Announce Partnership on AppGRC for PeopleSoft Financial Management
• BTRG becomes authorized reseller for Lumigent's AppGRC for PeopleSoft Financial Management
• Lumigent solution lets BTRG clients continuously monitor key business controls and master data in PeopleSoft Enterprise Financial Management solutions - something no transaction monitor can do
• Both companies promoting AppGRC solution at OAUG LINK 09 in Dallas

OAUG LINK 09 - DALLAS, EASTHAMPTON, Mass. and ACTON, Mass. - November 17, 2009 - Lumigent Technologies, Inc., the GRC business apps company, and BTRG, a leading Systems Integrator for Oracle's PeopleSoft Enterprise and a Certified Partner in the Oracle® PartnerNetwork, today announced that BTRG has become an authorized reseller of Lumigent's PeopleSoft audit solution, AppGRC for PeopleSoft Financial Management®. The relationship now gives BTRG clients running Oracle's PeopleSoft Enterprise Financial Management a way to automate and continuously monitor key business controls and master data, and thereby reduce their audit costs by up to 45 percent.

Lumigent and BTRG announced the relationship at the Oracle Applications Users Group (OAUG) LINK 09 Conference being held November 17-19, 2009, at the Dallas Intercontinental Hotel in Addison, TX. As gold sponsors of the show, both companies will be promoting the Lumigent solution in adjoining booths: Lumigent in booth 5 and BTRG in booth 4. In addition to its conference exhibit, Lumigent will be speaking on "Aligning Internal Controls with PeopleSoft Enterprise Financial Management."

"A lot of our customers are either publicly traded or defense contractors, so they're all subject to SOX or DFAS or DCAA auditing requirements," said Eddie Quinn, senior manager for BTRG. "A hot topic right now is automated versus manual controls and the cost and risk mitigation advantages of automated controls and compliance reporting. There's no better way to proactively audit 100% of your data and controls than with Lumigent's automated solution."

John H. Capobianco, president and CEO of Lumigent, said, "BTRG has been working with PeopleSoft Financials since 1992, so their partnership is a deep validation point for AppGRC® and a sign of maturity in the ERP market. PeopleSoft shops are optimizing their systems and want to automate internal audit and compliance controls. We provide companies with automated solutions for their compliance reporting. They don't have to hire more people to answer auditor questions; they will spend less. And they don't have to worry about the integrity of the ERP information."

AppGRC for PeopleSoft Financial Management at OAUG LINK 09

At OAUG LINK 09, Bob Marriott, product marketing manager of Lumigent, will present "Aligning Internal Controls with PeopleSoft Enterprise Financial Management." Marriott will discuss how an automated monitoring strategy designed to ensure the effective operation of internal controls is essential to any compliance effort. In addition to being linked to risk, monitoring frameworks should be closely associated with the primary business application so that they are understood in a business context.

In the session, attendees will learn how continuous monitoring of key business control settings and master data aligned with Oracle's PeopleSoft Enterprise Financial Management solutions help ensure that proper internal controls are in place and are effective over time. This presentation will be delivered on Thursday, November 19, at 12:30 p.m. in BelAir IV-VI.

Marriott's presentation will draw from Lumigent and customer experience with the company's AppGRC product line, especially AppGRC for PeopleSoft Financial Management, the industry's first automated GRC control application for Oracle's PeopleSoft Enterprise Financial Management solutions. By replacing manual efforts with automated GRC control systems that continuously monitor the source data and key business controls, Lumigent is driving down the cost of regulatory compliance for organizations using PeopleSoft and other financial applications. At the same time, the AppGRC solutions provide auditors with persuasive evidence of SOX, DCAA and other regulatory or internal compliance.

For more information on BTRG, visit http://www.btrgroup.com/. For more information on Lumigent, visit www.lumigent.com and the Lumigent blog at http://www.lumigent.com/blog/. Follow Lumigent on Twitter at @Lumigent.

Additional Resources

BTRG website: http://www.btrgroup.com/

Lumigent website: http://www.lumigent.com

Lumigent blog: http://www.lumigent.com/blog/

Lumigent on Twitter: @Lumigent

AppGRC: http://bit.ly/AppGRC

AppGRC for PeopleSoft Financial Management: http://bit.ly/Ky3G4

Lumigent press releases: http://www.lumigent.com/news_events/press_releases.html

Lumigent executive commentaries: http://www.lumigent.com/news_events/executive_commentaries.html

Artwork: http://www.lumigent.com/news_events/artwork.html

About BTRG

The Business & Technology Resource Group, Inc. (BTRG) is a full project lifecycle PeopleSoft and Oracle applications consulting company operating across North America. With a concentration in Human Capital Management, Financials and Supply Chain systems, BTRG provides small teams of highly qualified consultants to manage or support full lifecycle implementation and upgrade projects. Combining deep functional and technical application knowledge with industry-specific expertise, BTRG often finds itself fulfilling the trusted advisor role for its clients. Leveraging its extensive knowledge of ERP systems, BTRG's Data Management Practice provides solutions for managing data growth, protecting data privacy and streamlining test data using IBM's Optim™ product. BTRG is an Oracle Certified Partner and an IBM Information Management Business Partner. For more information, visit http://www.btrgroup.com or contact us at 877-287-4462 or [email protected].

About Lumigent

Lumigent reduces the cost of auditing and compliance reporting with automated Governance, Risk and Compliance software. Lumigent's AppGRC® reduces cost and mitigates risk by continuously monitoring application specific data and controls, ensuring the integrity of critical business information. Organizations worldwide use Lumigent's AppGRC software in some of the most heavily regulated industries, including financial services, healthcare, manufacturing, and government. For more information, please visit www.lumigent.com.

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Lumigent, the Lumigent logo, AppGRC and AppGRC for PeopleSoft Financial Management are trademarks or registered trademarks of Lumigent Technologies, Inc. Other product and company names are property of their respective owners.

Tags: AppGRC, risk mitigation, regulatory compliance software, automated compliance, PeopleSoft Enterprise Financial Management, DCAA, BTRG, OAUG LINK

Contacts:

John Bonin, press relations for BTRG
BTRG, Inc.
877.287.4462 x7201
[email protected]

Nicole Messier, press relations for Lumigent
TECHMarket Communications
518.306.4029
[email protected]

Elena Annuzzi, analyst relations for Lumigent
TECHMarket Communications
650.704.8664
[email protected]