Good Intentions Don't Enforce Sarbanes-Oxley Mandates; T-Recs(R) Enterprise from Chesapeake System Solutions Does

Business Editors/Technology Editors
The Sarbanes-Oxley Conference & Exposition 2005
Booth 122

OWINGS MILLS, Md.--(BUSINESS WIRE)--Sept. 23, 2005--Chesapeake System Solutions, Inc. will feature T-Recs Enterprise at the upcoming Sarbanes-Oxley Conference & Exposition from September 25-27, 2005 at the Baltimore Marriott Waterfront. Located in Booth 122, Chesapeake will showcase its comprehensive account reconciliation, transaction management and risk management solution to retailers, financial institutions insurance companies, and other leading companies.

More and more companies are overwhelmed by the enormity of the task of end-to-end compliance with Sarbanes-Oxley mandates, not to mention the frustration and confusion. Corporate executives and their front line managers are required to track a transaction at any given point in its life cycle, as well as report at any time whether controls are being followed. Errant transactions - either through errors or a deliberate act of fraud - that are not caught quickly can
soon begin to erode the entire management control structure.

For many global companies, T-Recs Enterprise is already a critical component of their effective SOX compliance strategy. T-Recs provides complete automated control of the reconciliation and verification process, with instant access to transaction information as well as a permanent audit trail - reducing manual processes and mitigating risk.

Key T-Recs Enterprise SOX compliance features include:

Approvals/Authorizations
T-Recs Enterprise tracks journal entries, money movement, cash sweeps and much more. Through a series of user-defined dashboards, the system instantly alerts managers of any exceptions and provides detailed, comprehensive reporting on final resolutions.

Verifications, Reconciliations
T-Recs Enterprise provides both transaction and balance reconciliations for any type of cash or non-cash account.

Reviews of Operating Performance
T-Recs Enterprise monitors employee productivity such as the length of time a task or activity takes, and the system proactively identifies suspect behavior.

Security of Assets
T-Recs Enterprise identifies missing cash and other assets, including missing bank deposits, failed credit card batches, missing credit card settlements, deposit over/shorts and thefts.

"The SOX Conference & Expo will not only provide companies the much needed exposure to SOX compliance solutions such as T-Recs Enterprise, but also educate them on the stringent mandates - all necessary to alleviate the risk and problems inherent to the compliance process," said Peter Vogelberger, Chesapeake's President.

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