Lumigent to Advocate Continuous Monitoring for PeopleSoft Financials at Oracle OpenWorld 2009

Online, October 8, 2009 (Newswire.com) - • Session highlights value of continuously monitoring key business controls and master data for PeopleSoft Enterprise Financial Management solutions - something no transaction monitor can do
• Intended audience includes CFOs, controllers, finance departments, compliance/audit personnel, and business users
• Session date and time: Wednesday, October 14 at 11:45 a.m.

ACTON, Mass. - October 7, 2009 - Lumigent Technologies, Inc., the GRC business apps company, will be speaking at Oracle OpenWorld 2009 to demonstrate how companies running Oracle's PeopleSoft Enterprise Financial Management can reduce their audit costs by 45 percent, simply by automating and continuously monitoring key controls. Oracle OpenWorld 2009 will be held October 11-15, 2009, at the Moscone Center in San Francisco.

In "Aligning Internal Controls with PeopleSoft Enterprise Financial Management," Paul Campaniello, vice president, marketing for Lumigent 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 this 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 Wednesday, October 14 at 11:45 a.m. in Moscone West L3, room 3010/3012.

Campaniello'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.

Paul brings over 20 years of experience with software startup companies to Lumigent, holding several senior marketing and sales positions including VP of marketing at Exchange Solutions, VP of marketing at ComBrio, and director of worldwide marketing at Savantis. Prior to Savantis, he was at Precise Software, where he helped build Precise from a private, venture-backed startup to a public company with $80 million in revenue in just four years, prior to its sale to Veritas for $600 million. Paul holds both a BS and an MBA from Bentley College.

For more information on AppGRC, see http://www.lumigent.com/automated-auditing-appgrc.html, or for general information on Lumigent, visit www.lumigent.com. Follow Lumigent on Twitter at @CEOCappy.

Additional Resources

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

Lumigent on Twitter: @CEOCappy

AppGRC: http://www.lumigent.com/automated-auditing-appgrc.html

AppGRC for PeopleSoft Financial Management: http://www.lumigent.com/automated-auditing-appgrc/appgrc_peoplesoftfinancial.html

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 Lumigent

Lumigent helps CFOs, CIOs, controllers and other business executives reduce the cost of meeting Governance, Risk and Compliance (GRC) requirements for their primary business applications. Organizations worldwide use Lumigent's AppGRC® software solutions to automate compliance reporting in some of the most heavily regulated industries, including financial services, healthcare, manufacturing, and government. Lumigent improves operational efficiencies and mitigates business and financial risk by providing complete visibility into application data activity and automating application-aware controls to maintain the integrity of critical business information. For more information, please visit www.lumigent.com.

###

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, Oracle OpenWorld, risk mitigation, regulatory compliance software, automated compliance, PeopleSoft Enterprise Financial Management, DCAA

Contacts:

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

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