This morning we announced that we have successfully completed the SAS 70 Type II examination.  For those of you not familiar with SAS 70, it is the “gold standard” in determining if you have the proper controls and auditing processes in place to run an on-demand service.  Completion of the examination indicates that the processes, procedures and controls for the Kinaxis on-demand RapidResponse service have been formally evaluated and tested by an independent accounting and auditing firm.

Lori Smith sat down with Rob Bell, who runs our on-demand service to talk about the importance of this announcement.

If you’re having trouble viewing the above video, try this link: Rob Bell, Kinaxis, discusses SAS 70 examination

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Kinaxis Successfully Completes SAS 70 Type II Examination
On-demand Supply Chain Management Service Helps Customers Succeed in Complying with Sarbanes-Oxley

Ottawa, Canada, December 9, 2008 – Kinaxis™ Inc., provider of the on-demand RapidResponse service that empowers multi-enterprise manufacturers with the collaborative and integrated demand-supply planning, monitoring, and response capabilities required in today’s complex and dynamic world, today announced that it recently completed its first examination in conformity with Statement on Auditing Standards No. 70 (SAS 70), for the period May 1, 2008 through October 31, 2008. This widely recognized audit standard can help Kinaxis customers and their auditors to address the requirements of Sarbanes-Oxley.

Completion of the SAS 70 Type II examination indicates that selected Kinaxis processes, procedures and controls for its on-demand RapidResponse service have been formally evaluated and tested by an independent accounting and auditing firm.  The examination included controls related to organization and administration, logical and physical access, backup controls, change management and incident management. 

SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user organization’s management to obtain assurance about service organization internal controls without conducting separate assessments.  A SAS 70 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers.  A Type II report not only includes the service organization’s description of controls, but also includes detailed testing of the design and operating effectiveness of the those controls.

“Kinaxis is committed to developing and refining systems that fully secure our service delivery infrastructure,” said John Sicard, executive vice president, development and service operations at Kinaxis.  “In today’s global economy with ever-increasing compliance requirements, we consider the SAS 70 examination a necessary stamp of approval that most sophisticated buyers will be looking for when evaluating our on-demand RapidResponse service.”

About Kinaxis
Kinaxis™ RapidResponse is a single on-demand service that empowers multi-enterprise manufacturers with collaborative and integrated demand-supply planning, monitoring, and response capabilities. RapidResponse embraces human judgment to enable planners and front-line responders to handle unpredictable changes. Global leaders such as Casio, Honeywell, Jabil, Qualcomm, and Raytheon use RapidResponse to achieve breakthroughs in sales and operations planning (S&OP), demand management, supply management, and supply chain risk management. The results are superior customer service, improved operations performance, and a competitive market advantage. For more information, visit the Kinaxis web site at www.kinaxis.com or the company’s blog at www.21stcenturysupplychain.com.

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Tags: On-demand (SaaS)
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