Governance, Risk Management, and Compliance – Skelta Software unveils Compliance Accelerator

January 28, 2009: Inspired by the need to better protect investors and in response to the growing number of corporate and accounting scandals in the recent past, companies are increasingly realizing the importance to strictly comply with legislations as laid down by acts such as Clause 49 of the 1992 SEBI ACT.

These mandatory corporate governance laws require complete documentation and evaluation of financial statements to be personally certified by CEOs and CFOs. The law also calls for company top management to accept responsibility and be accountable for establishing and maintaining internal controls for financial reporting.

Given the wide-ranging provisions of Clause 49, effective compliance requires tight collaboration across the enterprise and a workflow-based compliance framework that can be rolled out immediately. This is why Skelta Compliance Accelerator is the right fit for a demanding task. 

Skelta Compliance Accelerator is a 100% web-based, workflow-enabled, compliance solution that facilitates documentation, management and assessment of internal controls. Skelta Compliance Accelerator uses the widely accepted COSO framework for control self-assessment and comes with pre-defined, customizable workflows, document templates and user-friendly drag and drop features that expedite your organization's compliance initiative. Skelta Compliance Accelerator requires minimal implementation time & user training and enhances credibility to a company’s CEO/CFO certification process – with clear audit trails, dashboards and comprehensive reports.Read information on Skelta Compliance Accelerator

Speaking on the Launch of Skelta Compliance Accelerator, Skelta CEO Sanjay Shah said, “As compliance with regulatory bodies become increasing concerns for organizations today, using a scalable Business Process Management software platform facilitates internal controls to be architecturally built in; hence increasing real time activity, thereby allowing organizations to control risks, manage liabilities and ensure transparency of their processes through clear audit trails and comfortably comply with the Clause 49 mandate”.

About Skelta Software

Skelta is an innovative software product company specializing in enterprise-wide Business Process Management (BPM) and Advanced Workflow solutions for small to large-sized businesses worldwide. Its flagship product, Skelta BPM.NET is a BPM workflow software that is built on cutting-edge Microsoft .NET, XML, and Web services technologies. It is also the world's first embeddable workflow engine. Skelta enables business users and developers to design and deploy workflow applications using software tools with which they are already familiar. In addition, Skelta enables businesses to leverage on their existing investments in Microsoft technologies such as InfoPath, BizTalk Server, and SharePoint.

Skelta, a recent recipient of the 2008 American Business Awards Finalist and CODiE Awards Finalist, has also won several other awards at industry forums such as Microsoft 2006 Regional Winning Customer Award, Microsoft Tech-Ed 2007 Attendee Choice Award, Finalist in 2007 International Business Awards (Stevie Awards), Best of Tech Ed award in the Software Components category and NASSCOM IT Innovation 2005 Award. Skelta has also been named one of Asia’s top 100 companies by Red Herring magazine and acknowledged twice as one of the fastest growing technology companies in India and Asia Pacific region by winning Deloitte Technology Fast 50 India & Deloitte Technology Fast 500 Asia Pacific Awards for 2006 and 2007.

For more information on Skelta and its products, visit www.skelta.com. Skelta may also be contacted on phone at +1 (678) 306 4110 and on email at sales@skelta.com.

For Media enquiries, contact:
Kalpa Shah, Executive VP
Tel: 91 (80) 4060 2600
Fax: 91 (80) 4060 2610
email: publicrelations@skelta.com