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Follow on Google News | Global eProcure Receives SAS 70 Type II Report and ISOThe highly coveted statement and certification demonstrates Global eProcure’s ability to consistently provide products that meet customer and applicable statutory and regulatory requirements.
By: Alisin Dahlman Subhash Makhija, CEO and Co-Founder remarked, “In the current market environment, our product solutions can assist clients by reducing their operational and administrative burdens associated with their procurement life cycle, enabling them to focus on their core business activities.” SAS 70 reports are drawn up by an independent auditor in line with a standard developed by the American Institute ofCertified Public Accountants. They consist of Type I reports, which describe the activities of a company and determine whether the controls in place are suitable and in operation at a certain date, and Type II reports, which assess the operating effectiveness of these controls – after independent auditors perform rigorous tests. Madhav Vedula, Auditor, PAG, has assessed and drawn the SAS 70 report for Global eProcure. Global eProcure has also been assessed and certified as meeting the requirements of ISO 9001:2008 for its quality management system. ISO 9001:2008 specifies requirements for a quality management system where an organization needs to demonstrate its ability to consistently provide products that meet customer and applicable statutory and regulatory requirements, and aims to enhance customer satisfaction and processes for continual improvement. The company plans to continue the internal control review process to bolster their Risk Assessment and Mitigation strategies. About SAS 70 Statement on Auditing Standards (SAS) No. 70, Service Organizations, is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A service auditor's examination performed in accordance with SAS No. 70 ("SAS 70 Audit") is widely recognized, because it represents that a service organization has been through an in-depth audit of their control objectives and control activities, which often include controls over information technology and related processes. In today's global economy, service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. In addition, 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. About SAS 70 Independent Auditors Princeton Audit Group (PAG) is a regional CPA firm with immense background in SAS 70 Audits especially serving clientele in Financial Services and Software Development and related IT Enablement Services. PAG also provides Outsourcing Audit Services and Independent review of vendor organization in US, UK and Asia Pacific.PAG is a registered audit firm with US PCAOB (Public Companies Accounting Oversight Board) and confirms the highest standards established by AICPA. About ISO ISO (International Organization for Standardization) About Global eProcure Global eProcure is a procurement services firm dedicated to helping enterprises reduce their costs and operate more efficiently by refining and perfecting their procurement and supply chain practices. Their clients are Global 2000 companies in a variety of industries, who call on them for procurement expertise in consumer packaged goods, travel and hospitality, pharmaceutical, chemicals, renewable energy, utilities, oil and gas, government, industrial manufacturing, insurance, and other verticals. Global eProcure supports their clients with a blend of strategic consulting and implementation, outsourcing services, as well as commercial, off the shelf procurement tools and technology solutions. Media Inquiries: Alison B. Dahlman Director of Marketing Global eProcure 100 Walnut Ave., Suite 304, Clark, NJ 07066 732-382-6565 x 4753 alison.dahlman@ # # # Global eProcure is a procurement services firm dedicated to helping enterprises reduce their costs and operate more efficiently by refining and perfecting their procurement and supply chain practices. Their clients are Global 2000 companies in a variety of industries, who call on them for procurement expertise in consumer packaged goods, travel and hospitality, pharmaceutical, chemicals, renewable energy, utilities, oil and gas, government, industrial manufacturing, insurance, and other verticals. Global eProcure supports their clients with a blend of strategic consulting and implementation, outsourcing services, as well as commercial, off the shelf procurement tools and technology solutions. End
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