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Lumigent Technologies, an Acton, Mass.-based auditing and compliance reporting software company, on Tuesday announced the availability of AppGRC for Lawson S3 Enterprise Financial Management, an off-the-shelf controls monitoring software solution for the Lawson financial suite.

Lumigent’s AppGRC (Governance, Risk and Compliance) software is designed to help CFOs, controllers, auditors, and other business users reduce corporate risk, Lumigent said in a release.

 “Lawson Financial software has earned a reputation in the service sector for enhancing transparency of business, strengthening financial discipline, helping improve business process and reducing costs,” said Paul Campaniello, vice president of marketing at Lumigent. “What Lumigent brings to the table is a solution specifically designed to safeguard the application.”

Working with experts in internal audit and risk management, Lumigent developed AppGRC for Lawson S3 Enterprise Financial Management to serve as a financial compliance control system that runs alongside Lawson S3 Enterprise Financial Management., the firm said.

For Lawson users, AppGRC strengthens the integrity of critical business operations and reporting, it added.

“Through automated data base lining and continuous monitoring of key policies and controls, AppGRC enhances the accuracy of financial reporting and decision making by providing persuasive, source-level information,” the company said.

“AppGRC for Lawson S3 Enterprise Financial Management doesn’t just monitor controls — it is the control system, and it captures every change to the source data it monitors,” Lumigent said. “Through continuous monitoring, the Lumigent solution also assures that a report of ‘no change’ is provable and persuasive, thereby satisfying all of the requirements for auditors.”

AppGRC for Lawson S3 Enterprise Financial Management is pre-configured to monitor the most critical application data and can be up and running in days. Additionally, it can be further configured to meet an individual organization’s unique controls and regulatory requirements.

AppGRC for Lawson S3 Enterprise Financial Management is priced starting at $90,000, depending on the size of the organization, Lumigent said.

This article can also be found at SecuritiesIndustry.com.

Carol E. Curtis is special reports editor at SourceMedia. She can be reached at carol.curtis@sourcemedia.com.