Allete And SOX Express
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ALLETE Selects OpenPages SOX Express for Sarbanes-Oxley Compliance Waltham, Mass. - April 3, 2006 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that ALLETE, Inc. (NYSE: ALE) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Sarbanes-Oxley compliance initiatives. SOX Express will allow ALLETE to automate the company’s ongoing test and review of its internal controls documentation in order to reduce the time and resource costs associated with Section 404 and 302 compliance. ALLETE, which is headquartered in Duluth, Minnesota, provides energy services in the upper Midwest and has significant real estate holdings in Florida. More information about the company is available on ALLETE’s Web site at www.allete.com. “We selected OpenPages because of its functionality, flexibility and price,” said Lori Frisk, manager of applications, ALLETE, Inc. “SOX Express provides an easy-to-use environment to facilitate communication of process documentation, internal controls and testing information. With SOX Express, we expect to reduce the time and resource costs associated with ongoing compliance.” OpenPages SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements. About OpenPages Founded in 1996, OpenPages develops enterprise governance, risk and compliance management (GRCM) solutions that streamline knowledge-intensive processes to improve corporate accountability, reduce disclosure process cost, enhance internal controls management productivity, and increase investor confidence. The company’s portfolio of solutions includes SOX Express, the market-leading enterprise application for automating the compliance requirements of Sections 404 and 302 of the 2002 Sarbanes-Oxley Act, and OpenPages ORM, an enterprise risk management software solution that enables entities to identify, analyze and manage operational risk on an integrated, company-wide basis. The world's largest corporations in diverse markets -- including financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences -- rely on OpenPages for cost-effective, efficient, sustainable governance, risk and compliance management. The company is headquartered in Waltham, Massachusetts, with international headquarters in the United Kingdom and Hong Kong, and regional offices throughout North America. For more information on OpenPages' line of enterprise governance, risk and compliance management solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.
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