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Press Releases
FoxT Releases a New Version of Application Controls
Automates enforcement of access entitlements across multiple business applications to reduce risk of fraud and simplify compliance
Palo Alto, CA - January 24, 2007 - FoxT Inc. (www.foxt.com) the leading provider of enterprise compliance and controls automation solutions, today announced a new release of FoxT Application Controls. The new solution provides unified management of Segregation of Duties (SoD) across ERP, legacy, and other packaged business applications, enabling IT Security and Compliance teams to ensure that employees are granted appropriate access rights and entitlements.
Maintaining control over the millions of individual access rights to the transactions that drive a business is crucial to achieving compliance and reducing exposure to fraud. Identity management and user provisioning solutions are only part of the answer. IT organizations also need real-time visibility into fine-grained user entitlements and the ability to remediate and automatically track role changes to ensure continuous enforcement of segregation of duties.
In addition to detecting and enforcing segregation of duties, the new FoxT Application Controls solution also enables organizations to effectively design and test controls, remediate role conflicts, and generate audit reports for all of their business applications through a single solution.
Capabilities included in the new version of FoxT Application Controls:
- Consolidated management of SoD across business applications to reduce the time spent monitoring and managing compliance activities
- Comprehensive, user-friendly reporting from consolidated graphical executive views for business users to flexible drill-down reports that rapidly identify root causes of SoD issues
- Continuous user transaction activity monitoring, trend analysis, and system scoring to improve fraud detection
- Graphical tools and root-cause analytics for rapid resolution of SoD violations
- Simulation testing to validate the success of changes and optimize role re-design
"In addition to being the only product in the market that covers the business needs of a multi-application environment, the new version of FoxT Application Controls improves user effectiveness with a powerful dashboard that presents the high level audit status down to detailed test results, and graphical tools for rapid remediation of SoD violations," reports Magesh Ranganathan, Product Director for Applications Controls. "The new version also optimizes operational effectiveness with flexible report generation capabilities and a sophisticated SoD engine and risk matrix that work together to eliminate false positives."
"We are taking a broader approach to controls, to enable enterprises to be compliant beyond the enforcement of segregation of duties," said Subhash Tantry, CEO at FoxT. "We have architected the FoxT GRC (Governance, Risk and Compliance) Platform for designing, documenting, attesting, remediating and continually improving controls on business processes, applications and the IT infrastructure. The FoxT GRC platform is hardened from a security standpoint and is independent of the underlying packaged or custom business applications. All compliance and security controls related products from FoxT are being rendered on this platform."
About FoxT
FoxT's comprehensive Enterprise Access Control Management solution suite enables organizations to centrally manage and control access to operating system services, configuration services, business applications, and information, on wired or wireless devices. The ability to centrally administer, authenticate, authorize, and audit the IT infrastructure enables organizations to simplify audits and compliance, strengthen security, and streamline IT operations. Headquartered in Mountain View, California, FoxT serves Global 1000 customers in 32 countries. For more information - www.foxt.com.
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