Stellent SOX Solution Selected by Los Angeles Times to Automate Financial Compliance Processes

By | February 28, 2006

Stellent, Inc. (Nasdaq:STEL), a global provider of content management solutions, announced today the Los Angeles Times has selected the Stellent(R) Sarbanes-Oxley Solution to automate and enhance its document- and content-related Sarbanes-Oxley compliance processes.

The organization has been using Stellent Universal Content Management(TM) technology to manage its Sarbanes-Oxley documentation for the past year. By adding Stellent´s Sarbanes-Oxley application to its deployment, the Los Angeles Times will further optimize its Sarbanes-Oxley compliance processes.

“The Stellent Sarbanes-Oxley Solution provides us with expanded functionality specific to this particular mandate and the parties responsible for ensuring our compliance with it. For example, the solution provides dashboard reporting capabilities that enable company officers to easily check the status of our compliance processes,” said Erik Burns, manager of IT security and risk management for the Los Angeles Times. “At the same time, we benefit from Stellent´s Universal Content Management platform, which gives us a strong foundation for managing other types of documentation and workflow processes.”

The Los Angeles Times expects to increase the efficiency of its audits using the Stellent Sarbanes-Oxley Solution since all financial compliance documentation will be located in a central, Web-based repository accessible by all relevant users. Additionally, Stellent´s retention management capabilities will enable the Los Angeles Times to eliminate binders of hard-copy documents stored for the law´s required 10-year records retention period. These records, as well as other content, can now be stored in the Stellent system, which automatically applies and executes content disposition schedules.

The Stellent Sarbanes-Oxley Solution also will help the Los Angeles Times replace its email-based content review and approval processes with a formalized workflow system that includes audit trail capabilities. Stellent´s version control feature will ensure the organization can easily identify the most recent or final versions of each compliance document.

“We are pleased the Los Angeles Times has joined the growing list of organizations using our Sarbanes-Oxley application to enhance compliance processes,” said Robert Olson, president and chief executive officer for Stellent. “In a 2005 research report, Forrester stated, ´the integrated approach that Stellent provides will simplify SOX implementation by providing a platform-based approach that can be extended to other compliance needs in the future.´(1) The Los Angeles Times is a prime example of an organization that can benefit from our Universal Content Management platform and financial compliance solutions as it explores ways to optimize its other regulatory activities.”

The Los Angeles Times also uses Stellent Universal Content Management to manage technology contracts and capital acquisition request processes.

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