EAST RUTHERFORD, NJ, June 24, 2009 -- Management Dynamics, a leading provider of Global Trade Management (GTM) solutions, today announced its successful completion of a Statement on Auditing Standards No. 70 (SAS 70) Type II Audit. The audit was performed by an independent auditing firm and included an in-depth examination of the company’s operating infrastructure for its GTM solutions. The results of this audit demonstrate Management Dynamics’ commitment to implementing and maintaining a control environment that ensures that customer data is accurate and secure.
Established by the American Institute of Certified Public Accountants (AICPA), a SAS 70 examination is widely recognized because it represents that a service organization's internal control activities that relate to an audit of the financial statements of its customers have been examined. A Type II report not only includes the service organization's description of controls, but also includes tests of operating effectiveness of the service organization's controls.
“In today's global economy, service organizations must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers,” said Glenn Gorman, Vice President of Global Hosting, Management Dynamics. "Our GTM solutions are currently deployed to over 14,000 users in 70 countries at some of the world’s leading retailers, manufacturers and logistics providers. The SAS 70 certification demonstrates our commitment to providing the highest quality services to our customers and further validates the security and accuracy of their global trade transactions.”
Completion of the SAS 70 Type II examination indicates that the processes, procedures and controls relating to Management Dynamics’ hosting operations have been formally evaluated and tested by an independent accounting and auditing firm. The examination included the company's established control objectives related to customer setup and ongoing maintenance, change management, secure communications and data interfaces, information security, operations monitoring and management, logical and physical access, and data backup and restore.
Management Dynamics’ GTM solutions are delivered under a SaaS (software as a service) model from state-of-the-art data centers which allow customers to reduce total cost of ownership, accelerate implementation and minimize system support activities so that they can focus on running their business.
About Management Dynamics, Inc.
Management Dynamics is a leading provider of global trade management solutions that improve the performance of global supply chains for importers, exporters, logistics service providers, and carriers. The company's solutions synchronize the flow of information among trading partners, optimize supply chain execution decisions, and streamline import and export processes to ensure regulatory compliance and minimize cost and risk involved in cross-border transactions. Management Dynamics’ time-proven solutions are used by more than 14,000 global users at some of the world's most successful 3PLs, carriers, manufacturers, retailers, and high technology companies. For more information, please visit www.ManagementDynamics.com or call (201) 935-8588