Lumigent Refines AppGRC for Deltek Costpoint

ACTON, Mass. — (BUSINESS WIRE) — May 11, 2009 Lumigent Technologies, Inc., the GRC business apps company, today announced the availability of AppGRC 2.0 for Deltek Costpoint, the latest version of the company’s automated GRC control system for the Deltek Costpoint ERP solution favored by government contractors and other project-driven businesses. The new version of AppGRC for Deltek Costpoint continues to drive down the costs of compliance with enhancements to its business-oriented reports and improvements to overall system performance.

“From the beginning, AppGRC has been singularly focused on giving business users the business-focused GRC solutions they need to get their jobs done from a compliance perspective,” said John H. Capobianco, president and CEO of Lumigent. “This latest round of upgrades gives those users compliance reports that are more intuitive, more immediately informative. They reflect the insights provided by AppGRC customers as well as by our partner, Deltek. And they reflect our commitment to acting on those insights every chance we get.”

Examining the AppGRC Upgrade

AppGRC for Deltek Costpoint is an out-of-the-box solution that will automate and support over 600 control points that are specific to government contractors. Due to the seamless nature of how the solutions work together, Lumigent's AppGRC can be implemented with Costpoint in only three days, providing a low-cost, high-value way for government contractors to improve the overall approach and effectiveness of their corporate governance initiatives. With AppGRC for Deltek Costpoint, Deltek customers will be able to:

  • provide persuasive evidence of DCAA, SOX and other regulatory compliance to auditors;
  • create sustainable compliance policies that flag suspicious behavior and prevent fraud;
  • protect Costpoint data with continuous monitoring of the system to detect data anomalies; and
  • receive alerts on compliance vulnerabilities posed by system or configuration changes.

The latest version of AppGRC for Deltek Costpoint includes:

  • Improved reporting. Reports in AppGRC for Deltek Costpoint now reflect business processes, applications, and users — with information rendered in more business-friendly terms. Users can still drill down to complete, technically-oriented reports that include information such as tables and fields of updated data.
  • Improved documentation. AppGRC for Deltek Costpoint now ships with a comprehensive controls catalog, which describes every rule in place. The catalog specifies the rule name, business process, associated risk, control and business control description, audit benefit, application module, and application navigation sequence.
  • Faster performance. To meet scalability and performance demands, AppGRC for Deltek Costpoint uses new schema and indexing optimizations along with newly architected database access and re-factored report logic to improve both collection and reporting times.

System Requirements

While system requirements vary by installation, the representative minimum server configuration to run AppGRC for Deltek Costpoint is 2 CPUs (or a single, dual-core CPU), 8 to 16 GB of memory, and 100 to 200 GB of disk space. Supported server operating systems include Windows, Solaris, HP-UX, AIX, and Linux Red Hat. Database support specific to AppGRC for Deltek Costpoint includes Microsoft SQL Server and Oracle.

Pricing and Availability

AppGRC 2.0 for Deltek Costpoint is available today. Prices range from $42,000 to $360,000 depending on the size of the customer.

Lumigent will be exhibiting its pre-built, compliance solution for Deltek Costpoint at Deltek Insight 2009, to be held May 12–15, 2009, at the Gaylord Palms Resort and Convention Center in Orlando, Florida. Lumigent, a platinum sponsor of Deltek Insight 2009, will be exhibiting AppGRC for Deltek Costpoint in kiosk #4.

For more information on AppGRC, see http://www.lumigent.com/solutions/appgrc.html, or for general information on Lumigent, visit www.lumigent.com.

Recent News and Resources

News Releases:

Market Brief: Application GRC: The Rise of Automated Business Compliance; http://www.lumigent.com/Lumigent_Market%20Brief_081010_pre%20final.pdf

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