Ross Systems Announces a Strategic Services Partnership with US Data Management for Computer Systems Validation and Sarbanes-Oxley Compliance
Ross ERP No Comments »ATLANTA – June 14, 2005 – Ross Systems (”Ross”), a global provider of enterprise software solutions and a software unit of CDC Corporation (NASDAQ: CHINA), today announced its strategic partnership with US Data Management (”USDM”), a leading provider of IT, validation, regulatory compliance and Sarbanes-Oxley financial control solutions for the life sciences industry. Together Ross and USDM offer its customers a best practices approach to the validation of Ross’ iRenaissance enterprise software suite.
Regulated by the Food and Drug Administration (FDA), bio/pharmaceutical, medical device manufacturing organizations and tissue processors must ensure the computer systems they use to create, modify, maintain, archive or transmit critical data, operate as intended and meet FDA requirements. For these companies, computer system validation is key to ensuring their systems meet overall business objectives and comply with industry regulations.
Together, Ross and USDM have many successful customers who have put into practice this tailored, easy-to-implement solution that addresses the validation needs of both new system implementations and customer upgrades, accelerating the validation cycle by up to 40 percent. Through this partnership, Ross customers will have access to a complete solution from a single provider that has intimate knowledge of both the life sciences industry and the iRenaissance product suite.
Complying with the Sarbanes-Oxley accounting reform and investor protection legislation is a challenge for all public companies. Many of the processes and procedures for computer system validation to meet the predicate rules for CFR 21 are nearly identical for Sarbanes-Oxley financial IT system controls and compliance. Ross and USDM provide an IT audit preparation solution for Section 404 Sarbanes-Oxley compliance. By embedding the same validation methodology to the installation, testing plans for operation and executing performance testing of the Ross iRenaissance financial systems, companies can streamline their Sarbanes-Oxley compliance initiatives at a far lower cost.
“Ross is an ideal partner, with a strong presence in the life sciences industry and a large network of customers,” said Erik Smith, vice president of business development for USDM. “Our in-depth industry and application knowledge-base and regulatory compliance insight, paired with Ross’ world-class iRenaissance software suite focused on the life sciences industry, produces an offering unique to the industry. This end-to-end solution for enterprise processes with system validation compliance provides customers with a complete package from one provider at a fraction of the cost.”
USDM uses proven and recognized methodologies for computerized system validation, helping organizations ensure that the systems they use are monitored, controlled and capable of performing their intended functions in a reliable and reproducible manner. Designed specifically to fit with the iRenaissance software suite, USDM’s validation process enables companies to protect and maintain the integrity of the data, providing documented evidence of quality performance.
“At Ross we strive to work with our customers to share best practices and find solutions that reduce the significant costs of regulatory compliance,” said Michael Webster, director of life sciences for Ross Systems. “We feel it is incumbent on Ross, as a good business partner, to take a major share of the compliance responsibility. We do so by providing our customers with the proven validation workflow, plans, standard procedures, test scripts and traceability matrix paired with the deep validation expertise of USDM. As a result of the knowledge built during many validation projects, we can provide a solution to reduce risk, cost and time to validate for all iRenaissance customers.”