COKATO, Minn., June 8, 2004 -- Paisley Consulting, leading provider of business accountability software, announces the latest version of Risk Navigator(TM) 3.0 enterprise risk management solution. Insight gained working with Fortune 500 customers was integrated into core enhancements that support organizational efforts to standardize compliance best practices across diverse environments. Risk Navigator allows companies to inventory and address both long and short-term risks including compliance with Sarbanes-Oxley. Today Paisley boasts a client roster of 500 organizations around the world, serving more than 30,000 users in a wide range of industries.

"Today, companies are seeking multi-purpose solutions that integrate across multiple enterprise platforms and provide ongoing administrative support," said Tim Welu, CEO of Paisley Consulting. "Risk Navigator is an enterprise management solution that has been selected by 30 percent of Fortune 100 companies as well as both state and federal government agencies. We are working in tandem with customers to ensure Paisley offers a comprehensive and flexible approach to building overall risk management strategies."

Leveraging its extensive auditing expertise, Paisley developed Risk Navigator for enterprise organizations to enable hundreds of installed customers to assess, control and implement compliance in conjunction with other organizational risks. Key enhancements in the latest release include the following:

-- Ad Hoc Report Generator - Building on their existing technology, Paisley added an easy to use feature that allows users to "push" data from Risk Navigator into an Excel spreadsheet or HTML format--giving the user immediate access to valuable data. These reports respect existing security authorization, so users can only see the information they are authorized to view.

-- Control & Risk Heat Maps - New graphical color-coded interface allows users to quickly identify and drill down into hot spots or problem areas. This new functionality utilizes "thin client" technology to mimic a rich "client-server" experience and allow users to select criteria for charts and filtering options for better management reporting.

-- Control Forms - To fully support PCAOB's (Public Company Accounting Oversight Board) new guidelines for testing, Paisley has developed a functionality that allows users to support documentation and retention of multiple testing iterations.

Risk Navigator supports Sarbanes-Oxley compliance and provides a long-term platform for enterprise risk management. With the comprehensive functionality that Risk Navigator provides, companies gain support for sections 404 and 302 compliance. Scaleable to support globally dispersed organizations, the flexible platform can evolve to meet changing regulatory and organizational requirements. Self-assessment surveys establish greater control for organizations to customize processes based on unique requirements. Role based security safely distributes responsibilities and allows information to be appropriately shared through ad hoc reporting capabilities. Risk Navigator is an automated solution that is easily customized and implemented and establishes company-wide accountability through reliability and involvement related to ongoing compliance demands.

Forrester analysts are touting technology solutions saying, "Public companies with revenues of more than $500 million and those with multiple divisions and lines of business should adopt a technology-based approach to Sarbanes-Oxley (SOX) compliance. Using software to automate compliance, particularly for the internal controls required by Section 404, is an opportunity to make the process more efficient, sustainable, and transparent. Forrester predicts that the majority of enterprises will adopt a technology-based approach to SOX by 2006."

About Paisley Consulting

Paisley Consulting is a business accountability software provider focused on integrated solutions for corporate assurance, internal auditing, risk management and compliance. The company's key products include Risk Navigator(TM), Focus Control Assurance Software(TM), AutoAudit(R) for Windows(R) and AutoAudit(R) for Notes(R). With global customers in diverse markets, Paisley Consulting works with 30 percent of the Fortune(R) 100. Founded in 1995, the company has been included on Inc. Magazine's list of 500 fastest-growing private U.S. companies. For more information visit www.paisleyconsulting.com.

Paisley Consulting
Stacey Billy, 320-286-4608 
Stacey.Billy@paisleyconsulting.com 
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Heather Lukens, 212-931-5225
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