All Press Releases for July 09, 2008

MBG Expense Management Achieves SAS 70 Type II Certification

Successful audit highlights commitment to excellence for internal controls in telecom expense management services

    /24-7PressRelease/ - New York, NY, July 9, 2008 - MBG Expense Management, a leading provider of telecom expense management (TEM) solutions and services, successfully completed the rigorous requirements for the Statement on Auditing Standards No. 70 (SAS 70), one of the most reputable auditing standards for service companies. The SAS 70 Type II certification specifies that MBG delivers fully responsive, secure, reliable, and effective operating environments with proper controls and safeguards in place to ensure continuous high quality operations. These standards are an important consideration for any organization working with a service provider involved in hosting or processing a client's financial data.

"The completion of the SAS 70 Type II certification typifies MBG's continuance improvement approach in the review of its operations, to deliver on our goal of being the partner of choice for telecom expense management solutions," said Reginald Johnson, Chief Operating Officer. "This achievement should demonstrate to our clients MBG's commitment to aspire to create and maintain the stringent controls needed to ensure the highest standards of quality and security of services to global enterprises."

The SAS 70 certification process involves the disclosure of critical control activities and processes in a uniform reporting format, with oversight by an independent, third party auditor. The SAS 70 Type II audit included comprehensive reviews and tests of MBG's internal processes and infrastructure, including software development, human resource management, physical and electronic security measures, customer setup, network security and maintenance, infrastructure change management, environmental safeguards, communications, customer service, management and user controls.

The SAS 70 Type II audit was performed through detailed reviews and tests of MBG's operational procedures and operational controls over an established test period by Alexander, Aronson, Finning & Co., P.C., certified public accountants headquartered out of Westborough, MA.

About SAS 70
Statement on Auditing Standards (SAS) No. 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A SAS 70 audit (or service auditor's examination) is widely respected because it demonstrates that a service organization has been through an in-depth audit of their control activities, which generally includes controls over information technology and related processes.

About MBG Expense Management

MBG Expense Management provides leading outsourced and on-demand telecom and IT expense management solutions to organizations seeking to enhance control over their telecom and IT costs. MBG Expense Management's solutions are focused on giving organizations the ability to manage, monitor, and order all of their telecommunications and IT services through a secure, centralized hub. MBG's core solutions include provisioning, inventory, invoice processing, and IT chargeback, along with extensive professional services that include audit, consulting, and contract negotiations for both landline and wireless communications services.

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Contact Information

Andrew Attalienti
MBG Expense Management
New York, New York
United States
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