Charlotte, NC (June 3, 2003) – ProcureIT software from Verian Technologies helps companies meet the requirements of the Sarbanes-Oxley Act, slated to go into effect in June 2004 – an extension of the original date of September 15, 2003.

The Act mandates that companies establish effective procedures and controls for areas that affect financial reporting, including purchasing, services, and travel-related costs. In addition, company executives must publicly endorse and accept responsibility for maintaining the effectiveness of those procedures and controls.

ProcureIT is Spend Management software that supports companies’ compliance with Sarbanes-Oxley in three primary ways.

ProcureIT is designed to enforce a consistent and reliable process for managing overall corporate spend;
The software auto-records a clear and comprehensive audit trail of all activity related to financial expenditures; and
Built-in reports provide evidence that procurement and other spend-related processes are adhered to.
Companies that are unsure as to the ramifications of the Sarbanes-Oxley Act are encouraged to send an e-mail to info@verian.com . Verian’s Consulting Services practice can provide a Needs Assessment analysis that documents a company’s current situation and makes recommendations on how not to run afoul of Sarbanes-Oxley.

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For more information, contact:
Tommy Benston, Director of Marketing & Communications
tbenston@verian.com
1-704-972-4910 (office)
1-704-575-4649 (cell)

About Verian Technologies
Verian Technologies provides 100% web-based Spend Management solutions to mid-sized and large organizations. Its technology is based on its suite of solutions called ProcureIT. ProcureIT encompasses all aspects of spend management including: procurement, materials management, asset management, and travel & expense reimbursement. ProcureIT enables organizations to reduce their organizational spend, automate manual tasks and reduce on-hand materials and commitments. As a result, Verian Technologies’ clients are able to reach efficiency faster and realize a strategic competitive advantage, as well as a rapid return-on-investment. For more information on Verian Technologies, visit http://www.verian.com.