Date Posted: 2/20/2008
Journyx Passes SAS 70 Audit
Certification Assures Customers that Data is Completely Safe;
Will Stand Up to All SOX Requirements
AUSTIN, TEXAS (February 19, 2008) – Journyx, the first company to provide Web-based time-tracking and project accounting solutions that guide customers to per-person, per-project profitability, today announces that it has passed a Statement on Auditing Standards (SAS) No. 70 audit. SAS 70, issued by the American Institute of Certified Public Accountants (AICPA) for independent auditors, allows Journyx to provide its customers and prospects the utmost assurance that their data is completely safe.
In passing the SAS 70 audit, Journyx proves that its control objectives and control activities, including controls over information technology, meet the requirements of SAS 70, which includes controls and safeguards for hosted and processed data belonging to customers. Further, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting.
“The SAS 70 audit covers the Journyx corporate best practices, including those for organizational management, security, systems availability, performance monitoring, and change management,” says Joseph Maddox, SAS 70 CPA, and CPA who conducted the Journyx audit. “The management of Journyx wants its clients to be assured of the accuracy and integrity of their data and to have confidence in the IT systems that house, move, and transform data. The SAS 70 report recently completed reflects management’s commitment to best practices and internal controls to support its clients’ businesses.”
For publicly-traded clients faced with Sarbanes-Oxley requirements, Journyx can show that it meets all internal control review requirements. For all customers public and privately-held, passing the SAS 70 audit proves that Journyx is safe to do business with.
“We wanted to provide better service to our customers, lower our costs, and enhance our process controls. Journyx accomplishes all of these goals,” says Matthew Hahn, CIO, PDS Technical Services. “Our product is people, so ensuring SAS 70 compliance in manpower time and expense reporting is of strategic importance to us and our customers. Superior controls assure that we, and our customers, maintain a stable supply chain in the delivery of contingent labor solutions.”
“Passing the SAS 70 audit means that we treat your company’s private data (credit cards, employee information, you name it) with extreme, even fanatical, care,” says Curt Finch, CEO, Journyx. “It means that we have a documented software development process that includes version controls and excludes dubious code from questionable sources. It means our hiring, firing, accounting, IT and other processes are strong enough and proven enough to earn this standard of excellence.”
About Journyx
Journyx is the first company to provide Web-based time-tracking and project accounting solutions that guide customers to per-person, per-project profitability. Customers include American Airlines, Bayer, AC Nielsen, L'Oreal and Schlumberger. For more information, go to www.journyx.com/company/about.html.
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