NEWS
Virtual Subsidiary and Blue Harbors Form a Strategic Alliance to Offer Compliance
and SAP Services
Buckinghamshire, United Kingdom & San Francisco, California. 20 August 2005 - Virtual Subsidiary Ltd (V-Sub), a partner for businesses seeking
a low risk, fast start international EMEA or APAC presence combined with the risk assurance that is so critical in today’s markets, and Blue Harbors, Inc. a global,
full-service SAP consulting firm providing top-level implementation solutions, today announced a strategic alliance that brings together world class compliance and SAP
services and solutions. The alliance is designed to meet the increased client demand for a combination of compliance and SAP industry experience. The partnership agreement
signed between the two companies covers joint solutions and services offerings, consulting engagements, and co-marketing activities.
The cyclical process of implementing new SAP systems and upgrading existing systems is directly impacted by compliance and regulatory requirements such as Sarbanes-Oxley. Failure to integrate
control design and assessment capabilities into every significant phase of the implementation/upgrade process can result in a significant control deficiency—or worse, a material weakness.
The alliance between V-Sub and Blue Harbors combines to ensure an understanding of where the implementation/upgrade process must change to minimize the risk of control problems during the
implementation or after go-live. It also offers a broader understanding of compliance and regulatory needs within each area of the implementation life cycle—the value of the audit contribution,
common challenges of project team interaction, where common issues lie, and how to best communicate findings.
“We find that many of our blue chip clients dealing with regulatory compliance issues are on SAP,” said Rob Oliphant CEO of V-Sub. “We were extremely impressed with Blue
Harbors’ unique approach to SAP consulting. By partnering with Blue Harbors, we are getting some of the best SAP consultants in the business without the increased overheads associated with
some of the larger SAP consulting firms. The combination of V-Sub services and solutions and Blue Harbors’ consulting expertise is a natural fit that is a tremendous value-add to our clients.”
“We are delighted to be partnering with V-Sub,” said Thorsten Raab, co-founder of Blue Harbors, Inc. “Increasingly our clients are asking for documented business practices
and methodologies to ensure and maintain regulatory compliance. This new alliance allows Blue Harbors to extend our reach beyond the boundaries of SAP. By partnering with V-Sub we are able
to provide our clients with increased confidence in their internal controls.”
About Virtual Subsidiary
Virtual Subsidiary provides business growth, risk assessment, and statutory compliance. Using a combination of services and solutions V-Sub enables clients to
focus on core competencies while growing their virtual international organization.
V-Sub’s team of strong performers in sales, marketing, business development, and finance and risk assurance disciplines combine deep domain market knowledge
with a track record of getting results. Companies look to V-Sub to accelerate revenue streams, assess risk, and ensure compliance. V-Sub is privately held with
locations in the UK and Australia. For more information visit www.v-sub.com.
About Blue Harbors
Blue Harbors, Inc. is a community of business software consultants working together for one another's success. Team members work as independent professionals while receiving the advantage
of working for a large consulting firm (payroll, invoicing, and collection department etc.) and the care and attention of a small company.
A resource provider to the business community, Blue Harbors offers clients deep industry and business process expertise, broad global resources and a proven track record, bringing together
the right people, skills, and technologies to help clients meet their service level agreements and deliverables. Blue Harbors is privately held with locations in the US and Germany.
For more information visit www.bluebarbors.com.
|
