MultiCorpora announced toay the release of version 3.7 of MultiTrans, their software based Enterprise Language Management solution. Among other new capabilities, MultiTrans 3.7 delivers a scalable multilingual and multidirectional text repository, a flexible software-based license manager, enhanced project analysis, and an automated text repository update manager. The new multilingual, multidirectional Global Text Repository allows an organization to manage large volumes of content that has been translated into many languages in a single repository. A software-based license manager enables MultiTrans software licenses to be securely activated and transferred between computers with a simple activation code. The new license manager significantly streamlines the deployment and management of licenses for nomadic workers and across distributed workgroups. Enhanced project analysis capabilities provide comprehensive data to support optimal project workflow decisions. Also, automated pre-processing of distributable Project Reference Packages enables external, off-line users to leverage common language assets, improving productivity, consistency and accuracy. The new text repository update manager automatically updates the Global Text Repository with newly completed multilingual content on an ongoing basis. www.multicorpora.com
Day: February 17, 2005
Last week, AeA, the high-tech trade association, released a report titled
"Sarbanes-Oxley Section 404: The ‘Section’ of Unintended Consequences and its Impact on Small
Business." Most readers will find that this paper is worth a
look. The paper argues that:
- Section 404 is more expensive than anyone anticipated — so much so that
the costs far outweigh any possible benefits. - The Section 404 compliance burden is disproportionately large for smaller
companies. - External auditors are taking a "one size fits all" approach to
assessing the effectiveness of internal controls.
AeA’ assertions about the impact on small and mid-sized companies are really
striking. For example …
What became clear during our companies’ discussions on Section 404 is that the cost burden for smaller companies as a percentage of revenue is far greater than for large companies. For multibillion dollar companies, the cost may run at approximately 0.05 percent of revenue, but
for small companies with revenues below $20 million, the costs can rapidly approach three percent of revenue.
This is a striking number. I have no idea how precisely accurate these
results are — but the general thrust of the argument seems plausible: Smaller
companies typically start with less in the way of sophisticated internal control
systems, and the costs of creating such systems must come out of a
proportionately smaller pool of revenue.
Does this report match up with experiences that any of you are having? Send email
or post a comment …
