Company

press release:

Apr 03, 2014

Compliance from the cloud - for a flat rate

  • T-Systems and StoneOne offer a solution from the secure cloud
  • For different company sizes, all for a flat rate

T-Systems and StoneOne now offer a compliance solution from the German cloud. The GRC Cockpit (Governance, Risk & Compliance) was specially developed for the cloud. Companies of differing sizes can buy the solution from the cloud for a flat rate – it is highly scalable and multi-client capable, while keeping companies' sensitive compliance data protected under strict German data privacy rules.

This solution represents an expansion of the portfolio of corporate services from the cloud offered by Deutsche Telekom's corporate customer subsidiary. "Our customers already show high interest in this partnership," said Frank Strecker, the manager responsible for cloud business at T-Systems. "StoneOne offers a compliance solution that we can now combine with our highly secure cloud services, subject to the standards of German data privacy rules."

Foto: Mathias Petri

Dr. Mathias Petri
Member of the
Management Board / CSO
StoneOne AG


"We have worked closely together over recent weeks to prepare this partnership," said Mathias Petri, co-founder and CSO of StoneOne. "We see a huge opportunity, together with T Systems, to assist our customers meet the strict legal compliance requirements in Germany in particular, and in Europe."

Dashboard for managing sensitive compliance data

Screenshot: GRC Cockpit - powered by StoneOne - hosted by TSI

The legal and regulatory requirements placed on companies are becoming larger and larger, both in Germany and internationally. These days, company management is obliged to comply with the requirements of the German Accounting Law Modernization Act (Bilanzrechtsmodernisierungsgesetz – BilMoG) and the Law on Control and Transparency in Business (Gesetz zur Kontrolle und Transparenz im Unternehmensbereich – KonTraG). Companies that operate internationally of course have to comply with the national laws of various different countries, such the Bribery Act in the United Kingdom. The GRC Cockpit allows management to control all necessary measures by means of a dashboard and to have actions documented in an auditable manner. At the same time, the solution is designed to reduce the workload for employees, leaving them able to devote more resources to their core business activities.

T-Systems provides the GRC Cockpit from German data centers, which means a company's highly sensitive compliance data is protected by strict data privacy policies in Germany. The solution is available in English as well as in German.

Leading in business – with partners

The partnership with StoneOne underlines Deutsche Telekom’s strategic goal to establish itself as the leading service provider for business customers by offering innovative services in cooperation with partner companies. The focus lies clearly on standardized IT solutions – by 2017, T-Systems wants to generate 50 percent of its revenues through standard solutions.

Press Contact:

Deutsche Telekom AG
Corporate Communications
Tel.: +49 228 181 – 4949
E-Mail: media@telekom.de
Further information for the media at:
www.telekom.com/media und www.telekom.com/photos

StoneOne AG
Keithstr. 6
10787 Berlin
Tel.: +49 (0)30 469 99 07 18
Fax : +49 (0)30 469 99 07 19
info@stoneone.de
www.stoneone.de


About T-Systems

Drawing on a global infrastructure of data centers and networks, T-Systems operates information and communication technology (ICT) systems for multinational corporations and public sector institutions. T-Systems provides integrated solutions for the networked future of business and society. Some 50,000 employees at T-Systems combine industry expertise and ICT innovations to add significant value to the digitization strategies and core business of customers all over the world. T-Systems generated revenue of around EUR 9,5 billion in the 2013 financial year.

About StoneOne AG

StoneOne is a ‘Web Software Factory’ that offers technologies for the standardized deve-lopment of web applications, SaaS (Software as a Service) and cloud enabling based on PaaS – Platform as a Service. The solutions are targeted at small and mid-sized ISVs and decentrally organized departments of large corporations that have so far shied away from using a portal or cloud solution due to high investment and maintenance costs. StoneOne integrates business processes by combining commercially available web base technology with its own in-house components. StoneOne’s ready-built service platform – the Web Ser-vice Factory – provides a framework for creating modern business service applications and transforming traditional applications into cloud-capable solutions. StoneOne developed this approach to answer the market demand for industrialized software development based on a large number of prefabricated, standardized components, similar to the manufacturing pro-cess applied in the automotive industry.

For more information on StoneOne, visit www.stoneone.de.


Bullet Back to Press and Related News Reports