SOX News

COSO Guidance Initiative On Internal Controls – 2008 Update: A Softrax Executive Webcast

(jULY 11, 2008)-- Softrax Corporation, provider of enterprise revenue management and billing solutions announced that it will present a live webcast to provide an update on the COSO Guidance Initiative, a project underway to help corporations better understand and utilize the Internal Control-Integrated Framework. Companies that can implement it effectively ultimately realize a broad range of benefits through improved financial, operational and compliance-related controls.

The event will be held on Thursday, July 24th at 1PM Eastern time and will be presented by Trent Gazzaway, Managing Partner, Corporate Governance, Grant Thornton LLP. Trent, who is one of the nation’s leading authorities on monitoring and internal controls guidance, was selected by COSO to lead this project. The webcast host will be Robert O’Connor, President and CEO of Softrax Corporation.

Trent’s presentation will provide insight into how companies should answer critical questions for themselves regarding the decisions to be made in monitoring, what, how and when to evaluate and how best to build monitoring and controls into normal business processes.

Softrax solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals. Hundreds of corporations benefit from using Softrax to optimize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. More information can be found at www.softrax.com, www.revenuerecognition.com

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