BlackLine Systems has unveiled its "COSO Jumpstart Solution" to help companies comply with new guidelines set forth in the updated 2013 COSO Internal Control—Integrated Framework.
In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released the original version of the COSO Framework, widely used around the world as the de facto standard for designing, implementing, and conducting internal controls and assessing the effectiveness of those controls within large companies. Internal controls guidelines in the updated Framework will supersede their predecessors in December 2014.
The BlackLine COSO Jumpstart Solution, complete with a customized COSO template, will feature import files, specialized templates, pre-populated checklists, including auditor tasks and best practices guidelines, designed to help companies implement the updated Framework before the old guidelines expire.
“Sometimes when new rules and standards go into effect, the hardest thing for companies is figuring out how and where to start to bring current controls, processes and procedures up to meet the new requirements,” said Therese Tucker, chief executive officer of BlackLine Systems. “Within the BlackLine Tasks module, we're basically providing all the tools companies need to get started—organizing the work that needs to be done by providing simple, easy-to-follow instructions, and automated workflow.”
To help clients and prospects get ahead of the game and assist them with their requirements in bringing policies and procedures into alignment with the new Framework, BlackLine is offering a special promotion to the first 100 companies that sign up to use the COSO Jumpstart Solution. The special promotion will include complimentary implementation along with six months of complimentary use of the Task Management module in BlackLine's flagship Financial Close Suite.
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