Countrywide Financial Corporation (NYSE: CFC), a diversified financial services provider, has selected enterprise data integration software from Ascential Software Corporation (Nasdaq: ASCL) as part of an extensive project designed to improve corporate reporting and enhance the company's compliance with Sarbanes-Oxley and Basel II regulations.
Ascential Software solutions are being implemented to help enable Countrywide achieve a single, accurate view of all its corporate data.
"Countrywide Financial has long been an industry leader in financial services, and we believe that having accurate and reliable data is a key component of maintaining that leadership position," said Tom Baker, executive vice president of enterprise systems at Countrywide. "We've selected Ascential Software because we are highly confident that they offer us the best solution for loading enterprise data into our PeopleSoft infrastructure."
Countrywide selected Ascential DataStage(TM) and Ascential RTI(TM) as part of a PeopleSoft Enterprise Performance Management (EPM) roll out that touches all lines of business within the company. The Ascential Software products are meant to provide an on-demand solution enabling Countrywide to identify and transform legacy data from across the enterprise, then load it into a global PeopleSoft data warehouse to support executive reporting and facilitate compliance with Sarbanes-Oxley and Basel II regulations.
"Accurate, on-demand information sharing has never been more crucial to prudent corporate governance. Effective data integration throughout a company can help ensure the accuracy of regulatory reporting and lay a solid foundation for continued growth," said Mark Register, chief marketing officer and vice president of marketing, industry solutions and global alliances. "This win further reinforces Ascential Software's view that data integration is an essential ingredient in any major compliance strategy in an enterprise."
The Ascential Enterprise Integration Suite(TM) is a comprehensive data integration solution that profiles, cleanses, and transforms data from virtually any application or system regardless of data volume or latency. Ascential Software's integrated offering is designed to help companies streamline operations, improve customer support, expedite business transactions, and make better tactical and strategic decisions on the basis of the best available information. The Suite provides unlimited scalability through parallel processing, complete meta data management, any-to-any data source and application connectivity, and delivers on demand data integration seamlessly within an enterprise's service-oriented architecture.