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Argosy Gaming Company to Implement Stellent Sarbanes-Oxley Solution
Stellent, Inc. (Nasdaq: STEL), a global provider of content management solutions, announced today that Argosy Gaming Company (NYSE: AGY), a leading owner and operator of casinos and related entertainment and hotel facilities in the midwestern and southern United States, has selected the Stellent® Sarbanes-Oxley Solution to support and streamline its processes for complying with the Sarbanes-Oxley Act.
More than 50 employees in Argosy’s finance and compliance department will use the Stellent solution to easily manage and approve documentation related to financial and non-financial disclosures, as well as Section 404 compliance. The product also will enable Argosy to automate the controls and testing processes it manually implemented to meet compliance deadlines in 2004.
“The Stellent Sarbanes-Oxley Solution will help us achieve ‘continuous compliance’ by transitioning the manual project work we completed this year into ongoing, automated business processes,” said Craig Robinson, vice president of internal audit for Argosy Gaming Co. “In this way, we can provide our chief executive and chief financial officer with easy-to-use, real-time monitoring capabilities that allow them to access up-to-date information at any point in time to determine the financial health of the company. The Stellent solution’s robust and scalable nature means we also can roll it out to other areas of the company as needed in the future.”
In addition to automating Argosy’s compliance processes, the Stellent Sarbanes-Oxley Solution will help the company centralize and coordinate the compliance activities of its six operating units located throughout the country. The Stellent system will enable Argosy executives to view complete, consolidated information in real-time rather than manually accessing separate systems to gather data for each operating unit.
“As public companies wrap up their first year of Sarbanes-Oxley compliance efforts, many realize it is critical to automate their related processes in order to efficiently and continuously comply with this mandate,” said Robert Olson, president and chief executive officer for Stellent. “The Stellent Sarbanes-Oxley Solution allows organizations to easily and quickly accomplish this often challenging feat.”
Stellent Compliance Solutions
Stellent provides content management-based solutions to help companies streamline processes related to complying with a variety of regulations, such as the Patriot Act, Health Insurance Portability and Accountability Act (HIPAA), ISO, and the Sarbanes-Oxley Act. Stellent’s compliance solutions allow companies to efficiently manage and approve content related to financial and non-financial disclosures, as well as documentation associated with an organization’s enterprise risk management process. The solutions are based on the award-winning Stellent Universal Content Management system, which offers a full array of content management functionality — featuring document management, Web content management, digital asset management and imaging — supported by collaboration, records management and business process management services. 20.01.2005, Stellent GmbH
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