3rd Wave Global Commerce Management Removes Sarbanes-Oxley Compliance Concerns for Companies That Source Globally

Blinco Systems Inc. announces that its 3rd Wave Global Commerce Management ("3rdwave GCM") solution provides the framework needed for companies to establish, document, review and certify procedures required by Sections 404, 302, 401 and 409 of the Sarbanes-Oxley Act of 2002 ("S-OX"). While providing a solid foundation for Section 404 compliance procedures and documentation (management assessment of internal controls), 3rdwave GCM focuses on delivering a powerful value proposition by highly automating Sections 302 (corporate responsibility for financial reports), 401 (disclosures in periodic reports) and 409 (real time issuer disclosures) S-OX compliance. 3rdwave GCM is designed specifically to manage and provide visibility into global sourcing, asset and non-asset-based manufacturing and global distribution, and thus meets S-OX' requirements for not only Section 404, but also for Sections 302, 401 and 409. 3rdwave GCM clients regularly close their financial month and year ends within 48 to 72 hours - well within the optimal 35 day target as set out by S-OX.

See full Article.