Press release from CNW Group
Dean Foods® Uses ACL to Automate Sarbanes-Oxley Compliance Processes and Reduce Third-Party Audit Costs by 50%
Tuesday, September 24, 2013
Dean Foods® Uses ACL to Automate Sarbanes-Oxley Compliance Processes and Reduce Third-Party Audit Costs by 50%09:01 EDT Tuesday, September 24, 2013
ACL™ Analytics Exchange Enables Continuous Monitoring Across Merged Enterprises
VANCOUVER, British Columbia, Sept. 24, 2013 /CNW/ - ACL today announced that through use of ACL™ Analytics Exchange (AX), Dean Foods® (NYSE:DF), the largest U.S. processor and distributor of milk, has achieved several significant corporate milestones. Through implementation of ACL technology, the company has improved efficiency in meeting Sarbanes-Oxley (SOX) IT User Provisioning control requirements, reduced reliance on manual reviews, increased collaboration among the company's IT and Internal Audit departments, and cut technology licensing and third-party audit costs by 50%.
Due to a recent, rapid period of growth resulting from a string of acquisitions, Dean Foods faced the challenge of bringing together several different databases, ERP systems, and order-to-cash processes. Access rules varied widely from one system to the next and the IT department had a very inefficient process to monitor privileged user activities. In order to implement a centralized monitoring system with robust SOX controls, Dean Foods launched an IT-driven automation project, implementing AX as the technology of choice.
"ACL's internal control analytics software has been a great help as we automate our processes and streamline critical systems," said Chris Jackson, User Provisioning Process Owner at Dean Foods. "We've been able to improve efficiency in meeting Sarbanes-Oxley IT control requirements and drastically cut time spent on manual analysis of privileged user activities."
As a result of the implementation, Dean Foods has gained assurance that controls operate effectively to mitigate risk. By enabling access to and analysis of data from any source, the company can now efficiently monitor user access activity across every company system. In addition, the use of ACL technology has assisted the company in successfully passing a full-year SOX IT User Provisioning audit.
"Explosive, sudden growth through M&A activity commonly leads to fragmented business systems and databases, making it difficult to manage risk," said Aaron Werth, Director of Consulting Services at ACL. "By establishing an automated process to close the loop on control exceptions, AX technology efficiently enables more robust internal controls and risk mitigation."
To read the full case study, visit: http://www.acl.com/portfolio/dean-foods/
- To learn more about ACL Analytics Exchange, visit: www.acl.com/solutions/products/acl-analytics-exchange
- For the latest news and views on compliance, risk, fraud and audit, visit: www.acl.com/blog
- Follow ACL on Twitter: @ACLServices
- Join ACL on LinkedIn: www.acl.com/LinkedIn
- Like ACL on Facebook: www.facebook.com/ACLServices
ACL delivers technology solutions that are transforming audit and risk management to give organizations unprecedented control over their business.
Our integrated family of products—including our cloud-based governance, risk management and compliance (GRC) solution and flagship data analytics products—are used at all levels of the enterprise to help maximize growth opportunities by identifying and mitigating risk, protecting profits, and accelerating performance.
Thanks to 25 years of experience and our consultative approach, we implement flawlessly so customers realize concrete business results fast at low risk. Our actively engaged community of more than 14,000 customers around the globe—including 89% of the Fortune 500 and hundreds of governments—tells our story best. Here are just a few.
© 2013 ACL Services Ltd. ACL and the ACL logo are registered trademarks of ACL Services Ltd. All other company and product names are trademarks of their respective owners.
For further information:
Jacqui Wilder, Stanton Public Relations & Marketing, P. 646-502-3538, E. email@example.com