ActionBase Selected as a Finalist for StrategicRISK Awards 2010

ActionBase’s Audit.Tracker Chosen for Risk Management Product of the Year Category

Tel Aviv, Israel – February 14th, 2010 – ActionBase, a pioneer in Human Process Management Solutions (HPMS), today announced its product, Audit.Tracker, was named as a finalist for the StrategicRISK Awards 2010 in the Risk Management Product of the Year category.   The award winners will be announced on April 22, 2010, in London, to recognize and reward risk management achievement across Europe.

“ActionBase has been chosen as a finalist because of an innovative product that provides control over audit and compliance management,” said Sue Copeman, editor of StrategicRISK.
StrategicRISK magazine is aimed at people who deal with risk at a strategic level and are responsible for corporate governance.  It covers all aspects of risk including enterprise risk management, IT risk, supplier risk, environmental risk and financial risk.  The StrategicRISK Awards ceremony is attended by Europe´s leading risk and insurance managers, and represents the world´s largest multi-national corporations.   

“With increasing regulatory, legal and operational risk management obligations, internal auditors and compliance officers are challenged to act as strategic partners and offer independent assurance function to businesses,” said Eyal Maor, CEO of ActionBase.  “This recognition confirms that ActionBase is a viable option for enterprise management, enabling audit committees and the business parties involved to remain informed of the status of on-going audits, findings and recommendations.  ActionBase provides real-time visibility for ongoing issues, enables management to react in time and allocates resources accordingly, ensuring that nothing fall between the cracks.  ActionBase’s Audit.Tracker is a turnkey solution for risk managers and audit professionals who are managing mission-critical compliance, risk and internal audit processes.”

Traditional solutions are either manual or paper-based or siloed applications that do not connect the audit team to the audited party, leading to inefficiencies and lack of ability to effectively track all audit process-related issues.  Organizations need to track, manage and follow up on these processes or actions to comply with internal audit as well as compliance regulations such as Basel II, SOX and HSE. Audit.Tracker provides stakeholders with fully configurable, real-time reporting capabilities, full audit trail, as well as an analytic capability of audit efficiency and act as a system of records for all related items.

About ActionBase
ActionBase is a leading provider of Human Process Management Solutions that enable businesses – over 150 Fortune 100 to Fortune 500 organizations worldwide – to manage their business critical processes. The company supports an ad-hoc and dynamic working environment by providing full visibility and control over unstructured processes that were previously managed via plain documents and e-mail correspondence. ActionBase works with global IT leaders including Orange, Texas Instruments and Amdocs, and specializes in complex industries such as Oil and Gas, Utility and Telecom. The company is headquartered in Israel with offices in the United States and United Kingdom. For more information, please visit www.actionbase.com.www.actionbase.com.