Rock-Tenn Chooses Movaris for Financial Control Management and Sarbanes-Oxley Act Compliance; Certainty Encourages Organization-Wide Financial Control and Process Improvement

Business Wire, Dec 13, 2004

CUPERTINO, Calif. -- Movaris(R), a leading provider of financial control management (FCM) software, today announced that Rock-Tenn (NYSE:RKT), one of North America's leading manufacturers of packaging products, merchandising displays and recycled paperboard, selected Movaris Certainty to assist in the implementation of its Sarbanes-Oxley Act compliance. Rock-Tenn chose Movaris Certainty for its ease and speed of implementation, needing only minimal initial involvement from Movaris' Professional Services team to assist with the accounting details, rather than making huge demands on IT resources. Further, Rock-Tenn found that Certainty's internal document management and tracking of financial control activities make the document requirements of Sarbanes-Oxley much easier to manage. In addition to Sarbanes-Oxley, Rock-Tenn envisions using Certainty to improve a number of accounting and control process initiatives.

Rock-Tenn intends to use all four Movaris Certainty applications, including modules for both Section 302 and Section 404 Sarbanes-Oxley Act compliance, ongoing improvement in financial controls, and to automate different internal financial processes. Rock-Tenn plans to deploy Certainty's automatic scheduling and delivery of email reminders to complete thousands of financial controls. The automatic email reminders, together with the familiar Adobe(R) PDF format for control activities, ensure that managers complete control tasks in a timely manner.

"Certainty's unique use of active Adobe PDF files allows users to engage in our process without having to understand the software and how it works. This huge benefit in training alone also opens the door for widespread rollout for a number of process initiatives," said Larry Shutzberg, CIO of Rock-Tenn. "Further, the Movaris single enterprise-license pricing model encourages expanded use of the software, allowing us to include both power users assigned multiple tasks, as well as users assigned just one or two tasks, without additional cost-justification and licensing increases."

"Rock-Tenn's intention to include a broad group of employees in financial control responsibilities underscores the fact that financial compliance reaches far beyond the CFO," said Eric Keller, chief executive officer of Movaris. "By expanding use of Movaris Certainty throughout the organization, Rock-Tenn will have more efficient financial control management, and the finance team can focus on issue resolution and adjusting to changes in business conditions."

Certainty automatically detects non-compliance issues, notifies management of exceptions and weaknesses in the financial control environment, and automatically manages issues through to resolution, resolving issues as they occur rather than at the end of a financial cycle.

Movaris Certainty documents financial controls, provides a comprehensive testing and review environment, initiates pre-built action plans to improve the control environment, and produces necessary compliance reports on demand. To make financial control management effective and easy for end-users, Certainty sends an email to control participants with complete instructions for the required task and with attachments or links to any related reference documents. Certainty automatically generates a "due date" reminder to ensure participants complete all required tasks, and when the control is completed, automatically records results. Financial controls link directly to the COSO and COSO enterprise risk management (ERM) frameworks, providing a strategic approach to compliance.

About Rock-Tenn Company

Rock-Tenn Company provides marketing and packaging solutions to consumer products companies at low costs, with annual net sales of $1.6 billion and over 70 operating locations in the United States, Canada, Mexico and Chile.

About Movaris

Movaris is an enterprise software company dedicated to helping organizations achieve complete compliance with Sarbanes-Oxley Act requirements, and improve their financial control environments, quickly and cost-effectively. Customers range from large firms, such as Proctor & Gamble and Boise Cascade Corporation, to smaller companies such as ESI. Movaris is based in Cupertino, California, with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and Pittsburgh. For more information, please visit www.movaris.com or call 888-800-7545.

Movaris is a registered trademark of Movaris Inc. All other company and product names are trademarks or registered trademarks of their respective holders.