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ACUMEN/SOA AIDS COMPANIES IN COMPLIANCE WITH SARBANES-OXLEY ACT SECTION 409

ACUMEN/SOA AIDS COMPANIES IN COMPLIANCE WITH SARBANES-OXLEY ACT SECTION 409










(PRWEB) August 15, 2003

ACUMEN's capabilities grow from financial analysis of historical data to forward-looking analysis, predictive forecasting and auto-trend analysis to aid companies in Section 409 compliance

Los Angeles, CA (PRWEB) August, 2003 -- ACUMEN Financial Solutions announces ACUMEN/SOA, a unique tool with predictive forecasting, trend analysis and extended graphic representations. ACUMEN/SOA was developed specifically to aid companies scrambling to comply with the requirements of the Sarbanes-Oxley Act ("the Act") Section 409.

Section 409 of the Act requires that public companies disclose to the public on a rapid and current basis information concerning material changes in their financial condition or operations, including trend and qualitative information and graphic presentations.

ACUMEN/SOA is uniquely positioned to help companies comply with Section 409 by providing a tool to rapidly determine how any changes in their current condition will effect future operations.

Features, such as trend analysis and predictive forecasting, look at historical data in order to give executives and financial staff an instant picture of current conditions and how they will (or will not) effect future performance.

"The corporate market is demanding software tools that will help it comply with the new requirements set forth in the Sarbanes-Oxley Act," says Elmer Easton, CEO of ACUMEN Financial Solutions. "While most of the activity so far has been focused on Section 404, ACUMEN/SOA uniquely and specifically addresses Section 409. It provides instant, deep and detailed analysis of historical data, then rolls trend information forward, all in an easy to read graphic format.

This gives financial executives a clear picture of how new information affects their company's future, and helps determine whether they have a reportable condition or event. ACUMEN/SOA complements Section 404-focused software solutions, together providing a more comprehensive response to the Act."

A copy of the ACUMEN/SOA Summary Specification is available at

http://www.threedgraphics.com/tdg/products/financial/acumen/SOA.html.

ACUMEN/SOA users first build a model of their reporting financials, which can be as quick and easy as importing a model from an Excel™ spreadsheet. The range editor is then used to set allowable limits for all or selected accounts, such as revenue, operating costs or net profit. If a "What if" calculation returns an out-of-range result, ACUMEN prompts the user with suggested best solutions and an opportunity to make adjustments as desired.

Rich Graphics and Visuals Enhance Comprehension, Promote Ease-of-Use for Non-technical Users…

Customized views, interactive graphs, charts and other visuals provide an in-depth view of preceding periods. Forward-looking trend values based on the analyses are updated on command. Each new period can be scrutinized for reportable or material changes.

User-friendly graphical interfaces allow the user to test changes by dragging a slider to increase or decrease a specific line item. Results of the change are instantly reflected throughout the entire financial statement.

About ACUMEN Financial Solutions, Inc. and Three D Graphics…

ACUMEN Financial Solutions, Inc. develops and delivers executive-level financial analysis, planning and visualization tools for mid-market corporations. It is a subsidiary of Three D Graphics, the preeminent developer and licensor of data-driven financial analysis, charting and graphics software for many of the global software companies providing business intelligence, presentation, spreadsheet and graphics applications.

ACUMEN Financial Solutions, Inc. and Three D Graphics are located at:

11340 West Olympic Blvd., Suite 300, Los Angeles, CA 90064.

Phone: 310/231-0600. FAX: 310/231-3303.

URL: http://www.threedgraphics.com and http://www.acumenfs.com.

EDITORIAL CONTACTS

ACUMEN Financial Solutions, Inc. / Three D Graphics

Phil Friedman

310/231-0600, ext. 316

philf@acumenfs.com

KPR, Inc.

Barbara Evans or David Kaye

818/368-8212

barbara@kprinc.com or dave@kprinc.com

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