Ground-Breaking Technology Adds Industry-Leading SOX Reporting
Capabilities To ActiveDisclosuresm Compliance
Reporting Solution
CHICAGO--(BUSINESS WIRE)--
Donnelley Financial Solutions(NYSE:DFIN) today announced that it
has made a strategic investment in SOXHUB, a leading provider of
enterprise SOX and audit management software, bringing an entirely new
set of SOX compliance capabilities to ActiveDisclosure, its cloud-based
financial disclosure management solution. Built specifically to address
the Sarbanes-Oxley Act of 2002, the SOXHUB platform has helped companies
of all sizes streamline and manage their SOX programs.
“This investment demonstrates our ongoing commitment to continually
enhance our technology and make ActiveDisclosure the most comprehensive
compliance solution available today,” said Craig Clay, President, Global
Capital Markets at Donnelley Financial Solutions. “Until now, SOX
controls have largely been managed manually through multitudes of
spreadsheets and data links in a cumbersome process. With our investment
in SOXHUB, we are now able to provide our clients with a superior way to
manage their SOX requirements, saving them both time and money.”
SOXHUB provides accounting and audit teams with a cloud-based solution
for effectively managing SOX and internal controls documentation,
testing, and certifications. The ease of use and intuitive design
empower audit and accounting teams to free up valuable time and
resources normally dedicated to the administrative activities of SOX
compliance, allowing for greater focus on more value-added business
objectives.
“Accounting and audit teams need an easier solution to collaborate,
report, and manage information,” said Daniel Kim, Executive Vice
President at SOXHUB. “Spreadsheets are useful for organizing data, but
they are not ideal for repetitive, collaborative, enterprise-wide
processes, like a company’s SOX compliance. Together, SOXHUB and
Donnelley Financial Solutions will now provide our shared customers with
a powerful, purpose-built tool to effectively manage their compliance
needs, giving them the freedom to pursue more critical, growth-oriented
initiatives for their companies.”
Rachel Rose, Director of SOX and Accounting Operations at Engility,
Inc., a leading provider of integrated services for the U.S. government
added, “Donnelley Financial Solutions was the logical provider for us to
help transform our process with an innovative SOX solution. The
automation of our SOX compliance requirements has enabled our team to
work more efficiently than ever before.”
Donnelley Financial Solutions’ ActiveDisclosure allows privately held
and public companies of all sizes and industries to collaborate on
documents and to comply with disclosure requirements mandated by the
Securities and Exchange Commission and other regulatory agencies.
ActiveDisclosure accelerates and simplifies the process of creating,
managing, and disseminating critical business communications.
For more information about ActiveDisclosure, please visit www.activedisclosure.com.
About Donnelley Financial Solutions
Donnelley Financial Solutions (NYSE: DFIN) provides software and
services that enable clients to communicate with confidence in a
complex regulatory environment. With 3,500 employees in 61 locations
across 18 countries, we provide thousands of clients globally with
innovative tools for content creation, management and distribution, as
well as data analytics and multi-lingual localization services.
Leveraging advanced technology, deep-domain expertise and 24/7 support,
we deliver cost-effective solutions to meet the evolving needs of our
clients. For more information about Donnelley Financial Solutions, visit www.dfsco.com.
About SOXHUB
SOXHUB is a SaaS technology company revolutionizing enterprise SOX and
audit management software. With SOXHUB, enterprises can collaborate,
manage, analyze and report on critical internal controls data in real
time. We offer a full suite of audit management solutions for SOX
management, ERM, operational audits and workflow management. SOXHUB
clients include industry-leading Fortune 50 companies to pre-IPO tech
companies looking to streamline their accounting and audit function.
Learn more about SOXHUB and its products at www.soxhub.com
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and the U.S. Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements are
qualified in their entirety by reference to the following cautionary
statements. All forward-looking statements speak only as of the date of
this news release and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking
statements. Readers are strongly encouraged to read the full cautionary
statements contained in Donnelley Financial Solutions’ filings with the
SEC. Donnelley Financial Solutions disclaims any obligation to update or
revise any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170327005106/en/
Investor Contact:
Sloan Bohlen
Solebury Communications
Group
investors@dfsco.com
Source: Donnelley Financial Solutions