Success of Siemens AG continuous controls monitoring recognized

VANCOUVER, British Columbia, June 18 /PRNewswire/ -- ACL Services won the award for Best Application of Technology at the BC Technology Industry Association (BCTIA) annual awards in Vancouver last night. The Technology Impact Awards are British Columbia's largest and most prestigious awards showcasing and recognizing the province's most innovative and dynamic technology companies.

ACL was recognized for the Siemens AG global implementation of ACL technology in the largest purchase-to-pay continuous monitoring project ever undertaken. By deploying ACL, Siemens is better able to assure compliance through effective controls monitoring and timely business insight. Speaking about the project, Michael Brauer, Corporate Information Technology, Corporate Automation, Siemens AG commented: "Several members of the corporate board as well as many business unit CFOs have gone on record to applaud the successful completion as invaluable."

The ACL solution enables Siemens to monitor every purchase-to-pay transaction across hundreds of business entities globally, every day.

"Well before Enron and Sarbanes-Oxley were household names, we recognized the need for more financial transparency and accountability and coined the phrase 'the coming age of integrity' to drive our strategy," said ACL president and CEO Harald Will, accepting the award on behalf of ACL. "Little did we know how true that was going to be. Having pioneered the development of continuous auditing and monitoring technology, we're very excited by the recognition it's finally receiving."

For more on the awards, visit: www.bctia.org/awards

About Technology Impact Awards

Founded in 1994, the Technology Impact Awards is the premier awards program in British Columbia devoted to promoting and celebrating innovation, high-tech excellence and outstanding leadership in the province.

The awards are hosted by the British Columbia Technology Industry Association (BCTIA), a member-based industry association committed to the continuous growth, sustainability and prosperity of the technology industry.

About ACL Services Ltd.

ACL Services Ltd. is the leading global provider of business assurance technology for audit and compliance professionals. ACL solutions give auditors confidence in the effectiveness of internal controls and the integrity of the transactions underlying business operations.

Since 1987, ACL has enabled auditors to assure sustainable compliance, reduce risk, detect fraud, enhance profitability, and improve business performance. Our customers include 95 percent of Fortune 100 companies, 85 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state, and local governments, and the Big Four public accounting firms. www.acl.com

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Harald Will

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SOURCE ACL Services Ltd.

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