SmartDraw.com Delivers New Functionality to Strengthen Internal Financial Controls, Reduce Fraud

SmartDraw.com, creator of SmartDraw(R), the world's most popular business graphics software, today announced that it has expanded its software to meet the specific needs of finance and accounting professionals. The software includes 22 new SmartTemplates(TM) designed to help companies minimize fraud and comply with regulatory requirements through improved analysis and documentation of internal financial controls. Each SmartTemplate loads a diagram-specific command set and step-by-step instructions, turning the user into an instant expert on creating financial and accounting diagrams. New SmartTemplates are included for accounts payable flowcharts, cash control worksheets, responsibility charts, and many other areas.

SAN DIEGO (BusinessWire EON) April 10, 2007 -- SmartDraw.com, creator of SmartDraw^®, the world’s most popular business graphics software, today announced that it has expanded its software to meet the specific needs of finance and accounting professionals. The software includes 22 new SmartTemplates^™ designed to help companies minimize fraud and comply with regulatory requirements through improved analysis and documentation of internal financial controls. Each SmartTemplate loads a diagram-specific command set and step-by-step instructions, turning the user into an instant expert on creating financial and accounting diagrams. New SmartTemplates are included for accounts payable flowcharts, cash control worksheets, responsibility charts, and many other areas.

We are a relatively small company, but we have instituted very tight internal controls from the beginning and it has paid off for us in many ways

The finance and accounting SmartTemplates are available at www.smartdraw.com in the company’s recently launched Business Graphics Resource Center. This free resource helps professionals learn how to most effectively use business graphics in a variety of industries through white papers, webinars, bulletins, and best-practice templates.

“We are a relatively small company, but we have instituted very tight internal controls from the beginning and it has paid off for us in many ways,” said Alan J. Carter, CEO, University Instructors. “SmartDraw’s new Finance and Accounting templates make it much easier to document those controls for training purposes. I definitely plan to use them as a part of training new management personnel on the existing internal controls of our company.”

“Sarbanes-Oxley drove home the importance of improving internal financial controls to minimize fraud and abuse for large companies,” said SmartDraw.com founder and CEO Paul Stannard. “But the same principles apply even for the smallest company as any accountant or auditor will tell you. Establishing and documenting internal financial procedures with proper controls is much easier when you represent them graphically. SmartDraw now makes this even simpler by providing ready-made templates to start from and white papers that describe how to use them for both financial professionals and beginners.”

SmartDraw comes with hundreds of templates for all types of business graphics. Coupled with a highly intuitive interface, these templates allow anyone to create professional-quality business graphics such as flowcharts, organizational charts, Gantt charts, mind maps, timelines, floor plans, sales territory maps, and more in minutes, without training or experience.

SmartDraw offers a variety of licensing options and programs, including a Freedom License that allows an organization or department to install and use SmartDraw on any computer. A free trial is available at: www.smartdraw.com and includes both online and telephone technical support.

About SmartDraw.com

Founded in 1994, SmartDraw.com is the creator of SmartDraw, the world’s most popular business graphics software. SmartDraw allows anyone to create professional-quality business graphics in minutes – no experience or training required. The Company is the leader in the business graphics market, a market made up of ordinary computer users who want to create attractive and effective business graphics, but who lack the time and expertise to learn software designed for graphics professionals. In addition to SmartDraw 2007, intended for general business use, there are also SmartDraw Healthcare and SmartDraw Legal editions with graphics and applications unique to their respective fields. In mid-2006, SmartDraw.com surpassed the ten millionth download of SmartDraw.

Headquartered in San Diego, CA, SmartDraw.com is privately held and counts more than half the Fortune 500 among its customers. To download a free trial of SmartDraw 2007, please visit: www.smartdraw.com.