ACL Services Recognized in Leading Analyst Firm`s Magic Quadrant for Continuous Controls Monitoring

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Tue Apr 6, 2010 8:00am EDT

VANCOUVER, British Columbia--(Business Wire)--
ACL Services Ltd., the leading global provider of business assurance technology
for audit and compliance professionals, today announced it has been included by
Gartner, Inc. in the first-ever `Magic Quadrant for Continuous Controls
Monitoring.`1 ACL was evaluated on its ability to execute and the completeness
of its vision. 

In Gartner's inaugural Magic Quadrant report, analysts French Caldwell and Paul
E. Proctor emphasize the value of continuous controls monitoring technology:
"Within the governance, risk and compliance (GRC) marketplace, continuous
controls monitoring (CCM) is a set of technologies that assist the business in
reducing business losses from fraud or failure to follow rules governing
financial transactions, and improving performance through continuous monitoring
(CM) and reducing the cost of auditing through continuous audit (CA) of the
automated controls in ERP systems or other financial applications."2

The overall continuous controls monitoring technology space defined by Gartner
in the report includes four areas: CCM for Segregation of Duties (CCM-SOD), CCM
for Transactions (CCM-T), CCM for Master Data (CCM-MD) and CCM for Application
Configuration (CCM-AC). 

For over 20 years, ACL has provided purpose-built data analysis solutions to
audit and compliance professionals. Today, ACL is the leading audit analytics
technology, used by over 14,000 organizations worldwide. "We were first to
market with continuous controls monitoring for transactions back in 2003," says
Harald Will, ACL Services president and CEO. "Over the last seven years,
hundreds of ACL customers have deployed CCM-T solutions, most often championed
by Internal Audit leaders as a means to provide greater insight into the quality
and transparency of business transactions. We are pleased to see Gartner now
focus on the growing CCM technology space, and to be positioned as a niche
player. We believe this placement acknowledges our global leadership position in
audit-led transactional analysis." 

Rutgers University Business School recently profiled ACL CCM-T customer Talecris
Biotherapeutics in a research study, "Continuous Controls Monitoring: A Case
Study with Talecris." 

"Talecris demonstrated that the close examination of business transactions
underlying financial reporting uncovers unforeseen risks and potential control
breaches," said Miklos A. Vasarhelyi, PhD, director of research at the CarLab
(Continuous Audit and Reporting Laboratory) of the Rutgers Accounting Research
Center. "Talecris' successful implementation of continuous controls monitoring
from ACL is an excellent example of how audit technology can deliver critical
insight that helps organizations mitigate risks, optimize business operations
and assure compliance in today's real-time economy." 

A growing number of ACL customers are implementing continuous monitoring across
various industries, including financial services (First Hawaiian Bank, Siemens
Financial Services, Inc.), healthcare (Memorial Healthcare System, Palomar
Pomerado Health), transportation (Hawaiian Airlines), business services (Dun &
Bradstreet), government (BC Government Ministry of Finance), telecommunications
(TELUS), and manufacturing (Talecris Biotherapeutics Inc.). 

"To date, ACL's audit customers have been the pioneers and leading champions for
the introduction of continuous controls monitoring within their organizations,"
says John Verver, CA, CMC, CISA, vice president of services and product strategy
at ACL Services. "It's the most effective way I know to allow management to
react quickly to problems as well as monitor the overall quality of their
internal controls." 

For more about ACL continuous monitoring solutions, go to: www.acl.com/CCM

About the Magic Quadrant

The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with
permission. The Magic Quadrant is a graphical representation of a marketplace at
and for a specific time period. It depicts Gartner's analysis of how certain
vendors measure against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in the Magic
Quadrant, and does not advise technology users to select only those vendors
placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a
research tool, and is not meant to be a specific guide to action. Gartner
disclaims all warranties, express or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular purpose.


About ACL Services Ltd.

ACL Services Ltd. is the leading global provider of business assurance
technology for audit and compliance professionals. Combining market-leading
audit analytics software with centralized content management and exception
reporting, ACL technology provides a complete end-to-end business assurance
platform that is flexible and scalable to meet the needs of any organization. 

Since 1987, ACL technology has helped organizations reduce risk, detect fraud,
enhance profitability, and improve business performance. ACL delivers its
solutions to 14,000 organizations in over 150 countries through a global network
of ACL offices and channel partners. 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

Visit the ACL Blog to read the latest issues and insights on business assurance,
compliance & risk, fraud detection, and internal audit: www.acl.com/Blog

Copyright 2010 ACL Services Ltd. ACL and the ACL logo are trademarks or
registered trademarks of ACL Services Ltd. All other trademarks are the property
of their respective owners. 

1 Gartner, "Magic Quadrant for Continuous Controls Monitoring" by French
Caldwell, Paul E. Proctor, March 23, 2010 

2 Gartner, "Magic Quadrant for Continuous Controls Monitoring" by French
Caldwell, Paul E. Proctor, March 23, 2010

ACL Services Ltd.
Carri Toivanen, Corporate Marketing, +1-604-974-1430
carri_toivanen@acl.com

Copyright Business Wire 2010

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