Independent Audit Assures Customers of Works Payment Manager's Operational and Security Controls

AUSTIN, Texas, February 6, 2003 -- Works, Inc., provider of Works Payment Manager, today announced it has successfully earned Type II certification under Statement of Auditing Standards No. 70 (SAS 70). The SAS 70 Type II Report documents and tests the operational and security controls of Payment Manager, Works' web-based electronic payment management solution that connects payment management automation with the global Visa payment network.

The independent certified public accounting firm of Ernst & Young performed the SAS 70 audit in accordance with standards developed by the American Institute of Certified Public Accountants (AICPA).

At Works, the SAS 70 Type II Report focuses on 3 major areas of control:

• Application Controls relating to user authentication, customer-defined financial and purchasing policy compliance, and customer transaction and information integrity
• General Controls relating to management oversight of systems, software development, and procedures for delivering the Payment Manager solution to customers
• Security Controls relating to accuracy and confidentiality as well as systems and physical security at Works

The Works solution is delivered through Visa member financial institutions. These organizations require from their business partners a comprehensive internal control environment and a strict level of compliance with those controls. The SAS 70 certification, which began July 31, 2001 with Works obtaining Type I certification, represents that Works' operations meet a financial institution's demanding standards and gives them a high level of confidence as they continue to deliver Works' solutions to their customers.

"Many companies require credible proof that an organization can deliver on its promise of control, performance, and reliability," said Jerry Lester, CEO and President of Works. "The SAS 70 audit is one of the most rigorous and recognized forms of third-party validation and represents Works' total commitment to maintaining the highest standards of security and integrity."

Works Payment Manager eliminates the hassles and costs of checks, manual purchase approvals and paper-based record keeping by integrating and automating an organization's existing payment processes and controls with the worldwide Visa payment network. By supporting and automating an organization's payment policies and procedures, Works eliminates the process and policy barriers that often limit the use of commercial credit cards as a primary payment mechanism. Works Payment Manager is the only solution that allows organizations to instantly adjust the available credit on individual commercial cards based on the purchaser's needs while adhering to internal purchasing policies.

For more information on the Works Payment Manager electronic payment management solution, contact Works at 888-967-5726 or visit http://www.works.com.

About Works

Headquartered in Austin, Texas, Works provides web-based software solutions that help organizations minimize the number of checks they issue, reduce the expense of costly manual back-office reconciliation processes and settle payment transactions electronically through the use of commercial credit cards. The Works Payment Manager electronic payment management solution is delivered to customers through an exclusive partnership with Visa U.S.A. and its member financial institutions.