Business Services Industry

Cummins Selects Movaris for Sarbanes-Oxley Compliance and Financial Control Management; Movaris Certainty Increases Compliance Confidence by Integrating Financial Control Management into Existing Business Processes

Business Wire, August 29, 2005

CUPERTINO, Calif. -- Movaris(R), the leading provider of Financial Control Management (FCM) applications, today announced that Cummins Inc. (NYSE:CMI), a global power leader and provider of engines and related technologies, has selected Movaris Certainty(R) to automate its Sarbanes-Oxley Act compliance and improve financial controls throughout the company's financial operations. Certainty dramatically reduces the time and cost of compliance while improving confidence in the accuracy of financial statements.

"We needed an easy-to-use solution to manage our compliance approach, and one that would integrate into existing business processes," said Scott Barnes, audit manager, Cummins Inc. "Remediation, reporting, and architecture for our complex controls environment were key factors in our decision to move forward with Movaris Certainty."

"By automating controls for Sarbanes-Oxley compliance, enterprises like Cummins realize cost and time-saving benefits," said Eric Keller, chief executive officer of Movaris. "Longer term, Movaris Certainty will create an environment of tighter overall financial control management for Cummins and its many business units."

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. With more than 28,000 employees worldwide, Cummins reported sales of $8.4 billion in 2004. Press releases can be found on the Web at www.cummins.com.

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 include Advanced Micro Devices, General Nutrition Centers, Kubota Tractor, and Sears Holdings Corporation. Movaris is based in Cupertino, California, with offices in Atlanta, Boston, Chicago, Los Angeles and New York. For more information, please visit www.movaris.com or call 888-800-7545.

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

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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