CHICAGO--(BUSINESS WIRE)--Donnelley Financial Solutions (NYSE:DFIN) today announced that Impinj (NASDAQ: PI), a leading provider of RAIN RFID solutions that identify, locate and authenticate everyday items, has added the capabilities of SOXHUB to its ActiveDisclosure compliance reporting platform. Built specifically to address the Sarbanes-Oxley Act of 2002, SOXHUB has helped companies of all sizes simplify and manage their SOX process and internal controls.
“Both ActiveDisclosure and SOXHUB provide us with significant time savings and enhanced efficiency in our processes and reporting procedures,” said Ryan Schafer, Vice President of Accounting at Impinj. “These solutions have delivered great results for our reporting team, internal auditors and control owners.”
Donnelley Financial Solutions recently made a strategic investment in SOXHUB, a leading provider of enterprise SOX and audit management software, bringing an entirely new set of SOX compliance capabilities to ActiveDisclosure, its cloud-based financial disclosure management solution.
“The Donnelley and SOXHUB solution vastly reduces manual tasks and clutter within our existing programs, ensuring that our controls and procedures provide value to our team where it matters most,” added Schafer. “While researching a SOX solution, we found many tools were merely repurposed versions of existing software packages, and not specifically designed to address the challenges that auditors face when trying to comply with their SOX requirements. It was clear that SOXHUB was built by auditors, for auditors - and that’s exactly what we wanted.”
“Our strategic investment in SOXHUB allows us to bring an unrivaled experience to our clients,” said Craig Clay, President, Global Capital Markets at Donnelley Financial Solutions. “More and more, valued clients like Impinj are recognizing the many innovative benefits that our best-in-class SOX software offers. We firmly believe that SOXHUB’s game-changing SOX capabilities, combined with the proven intuitiveness and simplicity of our ActiveDisclosure cloud-based reporting software, will ultimately enable all of our clients to drive accuracy and efficiency through their compliance process like never before.”
Donnelley Financial Solutions’ ActiveDisclosure allows privately held and public companies of all sizes and industries to collaborate on documents and to comply with disclosure requirements mandated by the Securities and Exchange Commission and other regulatory agencies. ActiveDisclosure accelerates and simplifies the process of creating, managing, and disseminating critical business communications.
For more information about ActiveDisclosure, please visit www.activedisclosure.com.
About Donnelley Financial Solutions
Donnelley Financial Solutions (NYSE: DFIN) provides software and services that enable clients to communicate with confidence in a complex regulatory environment. With 3,500 employees in 61 locations across 18 countries, we provide thousands of clients globally with innovative tools for content creation, management and distribution, as well as data analytics and multi-lingual localization services. Leveraging advanced technology, deep-domain expertise and 24/7 support, we deliver cost-effective solutions to meet the evolving needs of our clients. For more information about Donnelley Financial Solutions, visit www.dfsco.com.
SOXHUB is a SaaS technology company revolutionizing enterprise SOX and audit management software. With SOXHUB, enterprises can collaborate, manage, analyze and report on critical internal controls data in real time. We offer a full suite of audit management solutions for SOX management, ERM, operational audits and workflow management. SOXHUB clients include industry-leading Fortune 50 companies to pre-IPO tech companies looking to streamline their accounting and audit function. Learn more about SOXHUB and its products at www.soxhub.com
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in Donnelley Financial Solutions’ filings with the SEC. Donnelley Financial Solutions disclaims any obligation to update or revise any forward-looking statements.