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OpenPro, Inc. Web based ERP software is Sarbanes-Oxley SOX certified for US public companies
OpenPro is compliant of Sarbanes-Oxley(SOX)
Request
information Here regarding the OpenPro Software
OpenPro ERP Software is fully compliant with Sarbanes-Oxley (SOX)
Act
of 2002
OpenPro offers complete
solution for public companies.
OpenPro Version 4.9
business rules ask if the company is public, if the answer is yes, then OpenPro
ERP Software runs using Sarbanes-Oxley logic.
OpenPro supports most
industries with a complete ERP software solution. The financial accounting software supports a closed loop financial flow,
and offers government accounting software. As a provider of manufacturing ERP software, OpenPro excels
in its MES software and manufacturing inventory software.
Another of the many
business software solutions is a complete retail POS system, while distributors
benefit from the supply chain management software.
Because
OpenPro is built using open source technology, both the initial purchase price
and the ongoing maintenance expense can be up to 80% less than Windows-based ERP
software solutions, while offering a broader range of functionality.
What is the Sarbanes-Oxley SOX Act of
2002?
Effective in 2004, all public companies will be required to submit an annual assessment of the effectiveness of their
internal financial auditing controls to the Securities and Exchange
Commission (SEC). Additionally, each company's external auditors are
required to audit and report on the internal control reports of
management, in addition to the company’s financial statements.Why was the Sarbanes-Oxley Act passed?
The Sarbanes-Oxley Act of 2002, also known as SOX, was passed due to the
accounting scandals at Enron, WorldCom, Global Crossing, Tyco and Arthur
Andersen.
What companies need to comply with Sarbanes-Oxley?
All publicly-traded companies in the United States, including all
wholly-owned subsidiaries, and all publicly-traded non-US companies doing
in business in the US are effected. In addition, any private companies
that are preparing for their initial public offering (IPO) may also need
to comply with certain provisions of Sarbanes-Oxley.
When did Sarbanes-Oxley compliance take effect?
All parts of the Sarbanes-Oxley Act with the exception of Section 409 are
effective now. For Section 404, public companies needed to have their financial
reporting frameworks operational for their first fiscal year-end report
after November 15, 2004.
What is the Sarbanes-Oxley Act comprised of?
The Sarbanes-Oxley Act itself is organized into eleven sections, but the sections 302, 404, 401, 409, 802 and 906
are related to the compliance of accounting procedures. OpenPro is
compliant with all Sarbanes-Oxley accountability standards for corporate boards and auditors, established a
Public Company Accounting Oversight Board (PCAOB) under the Security and
Exchange Commission (SEC).
What does Sarbanes-Oxley compliance require?
All applicable companies must establish a financial accounting framework
that can generate financial reports that are readily verifiable with
traceable source data. OpenPro integrated document imaging to all
processed transactions. This source data must remain intact and cannot
undergo undocumented revisions. In addition, any revisions to financial or
accounting software must be fully documented, OpenPro will help with this.
What are the penalties for noncompliance with Sarbanes-Oxley?
Lawsuits and negative publicity, a corporate officer who does not
comply or submits an inaccurate certification is subject to a fine up to
$1 million and ten years in prison.
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| Integrated
Financial Accounting Software |
| Companies can benefit
greatly from our award-winning financial accounting software designed to easily
accommodate growth and smoothly migrate to the next level of
sophistication in our OpenPro Software family.
We provide ERP solutions for commercial businesses and
non-profit organizations; we also provide government accounting software.
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| Manufacturing
ERP Software |
| At OpenPro, the
functional needs of manufacturers are a major focus of our business
software solutions. Our solutions span
the spectrum from small, custom job shops to multiple warehouse operations
and process manufacturers, from supply chain management software to
manufacturing inventory software. And because all of our products are
web-based, all of your company's data and resources are available at every
location, even outside contractors can review the job status or production
schedule over the internet. |
| Distribution,
Supply Chain, Mail Order and Retail POS system |
| Our distribution
solutions meet the specialized requirements of durable or non-durable
wholesale distribution companies, regardless of the size or nature of
their businesses.
Our Point Of Sale (POS) solution is web based so
interfacing all the stores is automatic.
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| Customer
Relationship Management & Contact Management |
| At OpenPro, our
customer relationship management (CRM) solutions can help companies get
the most from every contact their company has with customers and
prospects, plus deliver high-quality customer service that can set their
businesses apart from the competition. OpenPro has a knowledge
based information system built in so a customer service
representative can enter in a question and the knowledge base can help
find the correct answer to help the customer faster. Our work flow
management system will automatically route all questions to the correct
department for a fast turn around. |
| Human
Resources and Payroll Solutions |
| Managing a company’s
greatest asset — their employees — often presents major challenges to
growing organizations. Our integrated line of Human Resources, payroll,
benefits, and compliance solutions provides comprehensive and robust tools
that streamline critical employee-oriented business processes. |
| Fixed
Asset Management |
| We offer fixed asset
management solutions to meet the diverse demands of growing businesses,
including solutions designed specifically to help government, schools, and
nonprofit organizations meet government and asset accounting requirements. |
| Nonprofit
and Government |
| Nonprofit, school and
government organizations have their own unique accounting and fundraising
demands and we develop systems designed specifically to meet their needs. |
| Practice
Management |
| To meet the needs of CPA
firms and accounting professionals, we offer an array of management and
productivity applications. Because our product is web-based a CPA
can be connected to all his clients over the web. Without costly
firewalls, communications programs, etc. |
| E-Commerce
and Web |
| OpenPro has built in
E-commerce module to meet the needs of any company, we offer an array of
different designs and styles to make your E-Commerce site unique. |
| Service,
Time Tracking, Scheduling and Billing |
| For Service
organizations, you can schedule your service technicians and generate
bills from the schedule. This can be used for HVAC, Computer Services,
Appliances, and more. |
| Professional
Services
Management, Medical solutions |
| To meet the needs of
Professional services firms such as lawyers and accountants, recording and
reporting time are critical to efficient operations. To help
simplify this OpenPro has a calendar that breaks down the time and shows
billable hours and generates the bills accordingly. Like everything with
OpenPro remote access is built into the system.
Medical solutions for Hospitals, Doctors office, with web based
patient information more available and electronic document control and
calendar scheduling. Also a medical knowledge base for looking up
solutions. Interface for portable terminals that run Wince.
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OpenPro, Incorporated ©
10061 Talbert Avenue #200
Fountain Valley, California 92708 USA
Phone: (714) 378-4600 Fax: (714) 964-1491
E-Mail us at opinfo@openpro.com for more information.
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