Green Status Pro Lowers Cost of Conflict Minerals Supply Chain Reporting

Lexington, MA -- (ReleaseWire) -- 05/11/2016 -- Green Status Pro, the leading provider of Conflict Minerals Reporting services, demonstrated that it supports CMRT Version 4.10. Version 4.10 was published on April 29, 2016, by the CFSI (Conflict-Free Sourcing Initiative.)

Green Status Pro's CMRT Reporting Solution is the only technology that can extract and organize information directly from CMRTs. This proprietary capability authenticates Smelter List entries against the CFSI Smelter Reference List, removes duplicate and invalid smelter entries, labels each smelter's current audit-participation status in the Conflict-Free Smelter Program, and extracts all Declaration statements.

The CFSI CMRT form is the de facto standard for companies to report to their customers the source (back to the smelters of origin) and use of conflict minerals (gold, tantalum, tin and tungsten) as required to meet the regulatory obligations enacted by Dodd-Frank Section 1502 and administered by the SEC under its Conflict Minerals Rule.

"Green Status Pro's unique technology is lowering the cost and increasing the accuracy of Conflict Minerals Supply Chain Reporting," stated John Logan, Green Status Pro founder. "Manufacturers who do not properly report their source and use of Conflict Minerals are in danger of being classified by their customers as Conflict Minerals Risks and losing their Approved Vendor status."

CMRT Version 4.10 is the twelfth version release since August 2012. The CFSI recommends that companies use Version 4.10 of the Standard Smelter List for 2016 supply chain mapping.

"Tens of thousands of companies around the world who must provide their customers with a CMRT will migrate to Version 4.10 over the next several months," added Rob Kasameyer, Green Status Pro president. "Green Status Pro has demonstrated that our technology can generate their CMRT Version 4.10 Smelter List with 100% accuracy at a lower cost than they can in-house."

Both Green Status Pro's Complete RCOI Reporting Service for corporations who must file Form SD with the SEC and CMRT Outsourcing Service for suppliers whose supply chains include US Filers are currently providing clients with the CMRT Version 4.10. Smelter List.

About Green Status Pro
Green Status Pro is the only compliance solutions provider specializing in assisting clients manage their Conflict Minerals Reporting regulatory obligations as enacted by Dodd-Frank Section 1502 and administered by the SEC. Green Status Pro adheres to the industry standards established by the CFSI (Conflict-Free Sourcing Initiative) and the policies and procedures described in the OECD Guidance. Green Status Pro's Complete RCOI Reporting Service supports corporations that must file Form SD with the SEC. The CMRT Outsourcing Service assists non-US and private company suppliers whose customers include US Filers.

For more information about Green Status Pro, please visit www.greenstatuspro.com.

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Conflict Minerals Reporting Experts Will Lead an In-Depth Review of the New Realities for Preparing a Winning Conflict Minerals Disclosure

Lexington, MA -- (ReleaseWire) -- 03/08/2016 -- Green Status Pro, Responsible Trade and Elm Sustainability Partners LLC, conflict minerals reporting industry experts, have announced that they will lead a limited number of webinars to assist compliance professionals prepare their corporate Conflict Minerals Disclosure. These webinars are being offered as just-in-time learning opportunities for corporations covered by Dodd-Frank Section 1502, the Conflict Minerals Rule, that are required to file their Disclosures with the SEC by May 31, 2016.

The webinar series, Prepare a Winning Conflict Minerals Disclosure, is the only educational event available to compliance professionals to review the lessons learned from 2015 filings and then as a group critique draft disclosures.

"The expectations for more comprehensive, transparent disclosures are much higher for 2016," stated John Logan, Green Status Pro. "Disclosures that do not provide the information required by a corporation's investors and customers as well as the SEC, NGOs, media and industry analysts will create unnecessary brand risk."

These webinars will be 2-hour, highly participatory sessions. To facilitate candid, lively discussion by all registrants the webinars will be hosted on GoToTraining and attendance will be limited to 25.

"Peer-to-Peer learning has driven the creation of best practices in all aspects of Conflict Minerals Reporting," added Responsible Trade's Mike Loch. "Attendees will learn from each other the most effective approaches to designing and implementing an effective Conflict Minerals Program which is the prerequisite to preparing a winning disclosure."

Four registrants will have their anonymized draft disclosures reviewed by the industry experts and peer attendees. They will obtain valuable insights into what improvements they should consider making and why.

"Preparing a solid Conflict Minerals Disclosure requires expertise that is generally costly to most compliance executives," Lawrence Heim, Elm Sustainability Partners, pointed out. "This webinar is intended for professionals seeking quick, cost effective benchmarking in preparing their CY2015 Conflict Minerals Disclosure."

Only four webinars are available for open registration. The dates are March 22 & 29; April 5 & 12.

Register at http://www.greenstatuspro.com/winning_disclosure_webinar

For more information, contact Rob Kasameyer at rob.kasameyer@greenstatuspro.com or call 617-262-1174.

About Responsible Trade LLC
Responsible Trade LLC supports entities wishing to implement practical due diligence when the products they produce contain any tin, tantalum, tungsten, or gold – the most commonly recognized conflict minerals. We provide support along the supply chain from the mine, to the brand company, and at all levels in between and across the globe. In addition to the compliance and audit aspect, the company also supports the development and implementation of systems that source from conflict affected and high risk areas and connects the supply chain actors to help provide assurance that these materials are truly responsibly sourced.

To learn more, please go to http://responsibletradellc.com/

About Elm Sustainability Partners LLC
Based in Connecticut, Elm Sustainability Partners LLC was created in 2012 to focus on sustainability services, including conflict minerals advisory and independent private sector audits (IPSAs). Our involvement in conflict minerals services began in 2010 as one of the original three audit firms selected by the Electronics Industry Citizenship Coalition (EICC) to conduct Conflict-Free Smelter audits. Since then we have grown into one of the world's most recognized conflict minerals experts and advise numerous Fortune 50, 250 and 500 companies.

For more information, visit http://www.elmsustainability.com/

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Over 20,000 companies worldwide use the CFSI CMRT to report the smelters in their conflict minerals supply chains. On November 16th the CFSI released a new CMRT with instructions to begin using it immediately. In response, Green Status Pro has launched a new service to transition companies to the new CMRT.

Lexington, MA -- (ReleaseWire) -- 11/19/2015 -- On November 16, 2015, the Conflict-Free Sourcing Initiative (CFSI) released a new version (4.01b) of its industry-standard Conflict Minerals Reporting Template (CMRT). In conjunction with this release, the CFSI stated: "Suppliers responding to new requests should use the latest version (CMRT 4.01b)."

Starting at $500, Green Status Pro's new CMRT 4.01b Migration and Reporting Service is the first to provide the over 20,000 companies who rely on the CMRT for conflict minerals supply chain reporting with an accurate, fast and cost-effective way to comply with the CFSI's instructions.

Conflict minerals reporting was mandated with the enactment of Dodd-Frank Section 1502 and is administered by the SEC. The objective is to eliminate the funding of armed groups in the Democratic Republic of the Congo (DRC) and adjoining countries. This funding is primarily derived through commerce in gold, tantalum, tin and tungsten – the conflict minerals.

"The CFSI released 4.01b in the middle of most compliance departments' year-end conflict minerals reporting efforts. Executives responsible for conflict minerals reporting do not have the time to upgrade to 4.01b on their own before year-end," said John Logan, Green Status Pro CEO. "Green Status Pro overcomes their problem through the use of our leading CMRT reporting technology, Ingestor™. We can provide our clients with their CMRT 4.01b within 2 days."

CMRT 4.01b Migration and Reporting Service starts as soon as a new client provides Green Status Pro with access to its supplier CMRTs. Using Ingestor, the CMRTs are first analyzed for errors and red flags. Ingestor then generates the client's CMRT 4.01b Smelter List ready for customer distribution and a report identifying which supplier entries were impacted by the migration from version 4.01a to version 4.01b.

"Starting at $500 to process 200 supplier CMRTs, the CMRT 4.01b Migration and Reporting Service is much less expensive than all alternative approaches," explained Rob Kasameyer, president of Green Status Pro. "Our technology service delivers 100% accurate 4.01b CMRTs. Our 2-day turnaround is far faster than alternatives. Our clients can both meet their customers' needs and focus on SEC reporting."

To learn more about Green Status Pro's CMRT 4.01b Migration and Reporting Service, click here.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

An unexpected consequence of Dodd-Frank Section 1502 is that 20,000+ Companies worldwide must provide their customers with complete, current, accurate CMRTs. US-based Green Status Pro has launched a turnkey service that cost effectively provides manufacturers with the CMRT Smelter List reports their US customers are demanding.

Lexington, MA -- (ReleaseWire) -- 03/03/2015 -- The Conflict Minerals Rule as defined by Dodd-Frank Section 1502 and the SEC's administration of the Act requires approximately 1,300 US public corporations to conduct a reasonable country of origin inquiry (RCOI) regarding the source of gold, tin, tantalum and tungsten in their products. In today's global economy, this RCOI requirement means that over 20,000 manufacturers who are part of the covered corporations' supply chains must report to their customers their source of conflict minerals. The majority of these 20,000 manufacturers are either private companies or located outside the U.S. Most do not have the resources to adequately satisfy their customers' reporting requirements.

To meet the global demand for professional Conflict Minerals RCOI customer reporting, Green Status Pro announces the worldwide availability of its unique, technology-based Complete RCOI Reporting Service 2015. This Service is specifically designed for manufacturers who are committed to supporting their customers' conflict minerals regulatory reporting policies at the lowest cost and with the greatest accuracy.

The Complete RCOI Reporting Service 2015 requires minimal client time. It is conducted by Green Status Pro's professional conflict minerals reporting consultants using the firm's industry-leading conflict minerals reporting technology. Customers provide Green Status Pro with their suppliers' Conflict Minerals Reporting Templates (CMRTs). Green Status Pro analyzes and processes the CMRTs and delivers the complete, accurate CMRT Version 3.02 Smelter List required by customers. In addition, the Service comprehensively documents the RCOI work effort to meet the strictest customer due diligence review requirements.

"This is Conflict Minerals Reporting in-a-box made possible only by Green Status Pro's sophisticated technology," said Rob Kasameyer, president of Green Status Pro. "We are solving the industry's most significant reporting problem of inaccurate and incomplete smelter information being passed from supplier-to-customer."

Priced starting at US$4,500 worldwide and with 10 business day turnaround time, the Complete RCOI Reporting Service 2015 provides global manufacturers with the benefits of increased customer satisfaction as well as significant time and cost savings.

"Our Service is proven to be much more accurate, significantly less expensive and faster than in-house manual approaches. This is extremely important as US Filers are currently demanding updated CMRTs from their suppliers prior to filing their Form SD with the SEC on May 31," added John Logan, CEO. "By fully supporting the CFSI (Conflict-Free Sourcing Initiative) standards, Green Status Pro can be used by manufacturers in all industries, including electronics, auto, jewelry, defense, furniture, medical devices, laboratory equipment, machinery and more."

To learn more about the Complete RCOI Reporting Service 2015 click here

About Green Status Pro
Green Status Pro automates Due Diligence Reporting to simplify your regulatory life. Green Status Pro is the leader in managing SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro's system documents a firm's OECD Conflict Minerals Due Diligence program and automates its RCOI reporting, providing the knowledge-base and leveraging the cloud for fast, affordable, accurate and secure compliance. Green Status Pro is an IBM Business Partner, hosting its applications on IBM's SoftLayer secure global cloud infrastructure.

For more information about Green Status Pro, please visit http://www.greenstatuspro.com/

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Green Status Pro updates and validates supplier CMRTs and generates 100% accurate RCOI reports, including the current CMRT Smelter List with 10-day Turnaround Time.

Lexington, MA -- (ReleaseWire) -- 01/27/2015 -- Green Status Pro announces a new, unique Conflict Minerals RCOI Reporting Service for executives responsible for approving and certifying their company's SEC-mandated Conflict Minerals Reports. Green Status Pro's Complete RCOI Reporting Service 2015 is ideal for companies that are committed to meeting their conflict minerals regulatory obligations at the lowest cost and with the greatest accuracy.

Complete RCOI Reporting Service 2015 is conducted by professional Conflict Minerals Reporting consultants using Green Status Pro's industry-leading Conflict Minerals Reporting technology. Customers provide Green Status Pro with their supplier CMRTs and names of suppliers who have not yet provided a CMRT. Green Status Pro delivers: 1) an updated conflict minerals contact representative list; 2) 100% accurate, comprehensive suite of RCOI reports; and 3) the customer's completed CMRT V3.02 Smelter List.

Starting at $4,500, the Complete RCOI Reporting Service 2015 is extremely affordable.

The service uses Green Status Pro's Ingestor™ technology. Ingestor is the only software that delivers 100% accurate RCOI reports through its ability to read all CMRT Versions 2.00 through 3.02, validate CMRT data, reference the CFSI's current Standard Smelter List, and reject inaccurate data entries. The alternatives to Ingestor are manual procedures reliant on spreadsheets, environmental databases, and product life-cycle management extensions. Specifically designed to support the CFSI approach to Conflict Minerals Reporting, Ingestor is faster, much more accurate and significantly less expensive than the alternatives.

"Results are trusted by senior corporate management. Companies that use the Complete RCOI Reporting Service 2015 are meeting the SEC's Due Diligence requirements for Conflict Minerals Reporting," explained Rob Kasameyer, President of Green Status Pro. "The service should be used by all suppliers who must provide their customers with an accurate and timely CMRT as well as all corporations that must file Form SD with the SEC."

Organizations interested in lowering their ongoing compliance costs are encourage to learn more about the Reporting Services at http://www.greenstatuspro.com/complete-rcoi-reporting-service-2015.

About Green Status Pro
Green Status Pro automates Due Diligence Reporting to simplify your regulatory life. Green Status Pro is the leader in managing SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro's system documents a firm's OECD Conflict Minerals Due Diligence program and automates its RCOI reporting, providing the knowledge-base and leveraging the cloud for fast, affordable, accurate and secure compliance. Green Status Pro is an IBM Business Partner, hosting its applications on IBM's SoftLayer secure global cloud infrastructure. For more information about Green Status Pro, please visit www.greenstatuspro.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Only Green Status Pro Offers RCOI Reporting Service That Handles All CMRT Versions 2.0 through 3.02 to Accurately Perform 2014 Year-End SEC Conflict Minerals Reporting

Woburn, MA -- (SBWIRE) -- 11/20/2014 -- Green Status Pro, the leader in Conflict Minerals Reporting Automation, is now offering a 2014 Year-End Conflict Minerals RCOI Reporting Service. Only Green Status Pro's service automates the processing of all the CFSI Versions 2.0 through 3.02 utilizing the latest Standard Smelter List, published November 7, 2014. The CFSI recommends that companies use this Smelter List for 2014 due diligence reference checks. Incorporating this reference list into an automated validation and reporting system allows the estimated 20,000 manufacturers who must report their source and custody of conflict minerals to generate the 100% accurate RCOI reports required by the SEC for achieving compliance with Dodd-Frank Section 1502.

The service is very streamlined – customers provide Green Status Pro with access to the CMRTs they want included in their RCOI report. Within 2 business days, the customer receives reports listing: 1) the unique smelter entries that were validated with the CFSI V3.02 Standard Smelter List; 2) CFS Program Conflict-free status of each smelter based on the CFSI's currently published compliant-smelter report; 3) smelter submittals that contained errors indicating a need for due diligence follow-up; 4) errors contained in each supplier's CMRT declaration statement; 5) all smelters reported with all their associated data in Excel format for easy custom reporting; 6) all supplier declaration statements in Excel format for easy custom reporting; and 7) key metrics and analytics.

"The challenge conflict minerals compliance managers are facing is that their RCOI reports must be accurate, converted into a CMRT, and delivered to their customers within the next 60 days or less," explained John Logan, Green Status Pro founder. "It is unrealistic for companies using manual methods to make the transition to the V3.02 Standard Smelter List and then cost-effectively make accurate and timely updates to their CMRT in response to receiving new information from any one of their suppliers."

There are approximately 20,000 companies worldwide that must update their RCOI reports and CMRTs over the next 60 days to meet the typical internal 2014 year-end conflict minerals reporting deadline of January 15, 2015. These companies include 1,300 SEC Filers and the members of their supply chain. The majority of these companies still use manual methods. Companies with over 20 suppliers and using manual methods are not able to support 100% accurate year-end reporting. The CMRT version 2 and 3 declarations are incompatible, and the transition to the Version 3.02 Standard Smelter List is too error prone and time consuming to meet the reporting deadlines already in place.

"Green Status Pro is providing its Conflict Minerals 2014 Year-End Reporting Service to support all the Filers and their suppliers that must incorporate the CFSI Version 3.02 Standard Smelter List into their reporting process immediately to generate the 100% accurate CMRTs their customers are expecting and the 100% accurate RCOI reports their General Counsel is demanding," Rob Kasameyer, Green Status Pro president added. "The service is faster, more accurate and less expensive than manual methods."

Green Status Pro's Conflict Minerals 2014 Year-End Reporting Service is priced starting at $4,900 for processing the CMRTs, delivering Green Status Pro's standard reports and a custom analysis of the results. Turnaround time is 2 business days.

For additional information, please contact Jack Logan, 781-572-5231 or jack.logan@greenstatuspro.com

About Green Status Pro
Green Status Pro automates Due Diligence Reporting to simplify your regulatory life. Green Status Pro is the leader in managing SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro's system documents a firm's OECD5 Conflict Minerals Due Diligence program and automates its RCOI reporting, providing the knowledge-base and leveraging the cloud for fast, affordable, accurate and secure compliance. Green Status Pro is an IBM Business Partner, hosting its applications on IBM's SoftLayer secure global cloud infrastructure.

For more information about Green Status Pro, please visit http://www.greenstatuspro.com

Abbreviations

1. RCOI = Reasonable Country of Origin Inquiry
2. CFSI = Conflict-Free Sourcing Initiative
3. CMRT = Conflict Minerals Reporting Template
4. CFS Program = Conflict-Free Smelter Program
5. OECD = Organisation for Economic Co-operation and Development

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Only Green Status Pro Delivers the Ability to Accurately Perform 2014 Year-End SEC Conflict Minerals Reporting in Conformance with Newly Released Industry Standard Smelter List

Woburn, MA -- (SBWIRE) -- 11/18/2014 -- Green Status Pro, the leader in Conflict Minerals Reporting Automation, announces that its Ingestor™ is the first Conflict Minerals Reporting software service to incorporate CMRT Version 3.02 into RCOI (Reasonable Country of Origin) reporting. Only Ingestor's technology can generate the 100% accurate RCOI reports required by the SEC for achieving compliance with Dodd-Frank Section 1502.

The Conflict-Free Sourcing Initiative (CFSI) released CMRT Version 3.02 on November 7th. entified by the CFSI. Manufacturers whose products contain gold, tin, tantalum or tungsten (the conflict minerals) use the CMRT to report the source and custody of these metals back to the smelters identified by the CFSI. The CFSI recommends that companies use the 3.02 version of the Standard Smelter List for filing Form SD with the SEC.

"Manufacturers that must report the countries of origin of their conflict minerals used in 2014 to the SEC using Form SD have been given a new smelter reference list with V3.02 that is significantly different than the previous version," stated John Logan, Green Status Pro founder. "The vast majority of these manufacturers have customers urgently demanding an updated, accurate CMRT so they can complete their own year-end reporting."

There are approximately 20,000 companies worldwide that must update their RCOI reports and CMRTs over the next 75 days to meet their internal 2014 year-end conflict minerals reporting deadline. These companies include 1,300 SEC Filers and the members of their supply chain. The majority of these companies still use manual methods. Companies with over 20 suppliers using manual methods are not able to support 100% accurate year-end reporting. The transition to the Version 3.02 Standard Smelter List is too error prone and time consuming to meet the reporting deadlines already in place. In addition, new reports must be generated each time a supplier provides an updated CMRT, which may be as often as less than every 2 weeks during this transition period.

Leo De Nevi, Green Status Pro Chief Technology Officer, explained, "Our technology manages future updates to the CMRT format and requirements without affecting your current formats, seamlessly integrating them."

"Green Status Pro Ingestor is the better, faster, cheaper approach to 2014 year-end conflict minerals reporting," Rob Kasameyer, Green Status Pro president added. "Ingestor is 100% accurate using CMRT V3.02 versus less than the 60% accuracy of manual methods. Ingestor can update a company's required RCOI reports in 10 minutes versus the days or weeks required by manual methods. And Ingestor typically provides companies with a 20 times payback versus manual methods."

Ingestor is a secure, cloud-based application that reads, validates, manages and reports conflict minerals reporting data communicated from suppliers to their customers using the CMRT. Green Status Pro conducts 30-minute Ingestor walkthroughs on request to review how Ingestor meets the specific needs of Conflict Minerals Sustainability Managers.

About Green Status Pro
Green Status Pro automates Due Diligence Reporting to simplify your regulatory life. Green Status Pro is the leader in managing SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro's system documents a firm's OECD Conflict Minerals Due Diligence program and automates its RCOI reporting, providing the knowledge-base and leveraging the cloud for fast, affordable, accurate and secure compliance. Green Status Pro is an IBM Business Partner, hosting its applications on IBM's SoftLayer secure global cloud infrastructure.

For more information about Green Status Pro, please visit http://www.greenstatuspro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Ernst &Young Joins Green Status Pro in Sharing Insights in This Interactive Discussion

Woburn, MA -- (SBWIRE) -- 10/27/2014 -- Ernst & Young and Green Status Pro will deliver a free webinar on Tuesday, October 28, 2014, 1 PM EDT, focusing on best practices for Managing Crises in Conflict Minerals Supply Chains. This webinar is for business executives who are responsible for managing conflict minerals supply chain sustainability during the current turmoil, preparing their corporations today for the SEC-mandated conflict minerals independent private sector audit (IPSA), and overcoming the crisis in accurate conflict minerals reporting caused by the incompatibilities between CMRT versions 2 and 3.

Rich Goode of Ernst & Young will be presenting Conflict Minerals, Getting Ready for the Audit. This will be a pragmatic, to-the-point, review of best practices that should be implemented in 2015 to meet the audit standards that will be applied to corporation's conflict minerals reporting programs.

Rob Kasameyer, president of Green Status Pro, will describe the Lessons Learned from 5 Extended Supply Chain Failures. Based on the failures of other supply chains, he will provide insights into how to correctly manage conflict minerals supply chains to avoid the crises others have faced.

RCOI Chaos and Confusion Triggered by CMRT Version 3, will be explained by John Logan, Green Status Pro founder. This presentation is designed for Conflict Minerals Compliance Officers who must meet the demands of their customers for accurate, comprehensive RCOI reports generated on a monthly basis.

"2014 is the last transition year for many companies and their suppliers covered by Dodd-Frank Section 1502. Companies are learning from the industry's 2013 experiences and are putting workable processes in place to meet their customer and SEC requirements, save costs and gain competitive advantage," declared Rob Kasameyer,. "Therefore this webinar delves in lessons learned managing these challenges."

Following the presentations, the panel will provide solutions to questions audience members submit.

To learn more and register, please click here.

About Green Status Pro
Green Status Pro's mission is to simplify the regulatory lives of operating managers by providing a knowledge-based solution to automate Due Diligence Reporting. Green Status Pro is the leader in automating and simplifying SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro is the only cloud-based software service in the world that provides the knowledge base to document a firm's OECD Conflict Minerals Due Diligence program and automate its RCOI reporting. Green Status Pro is an IBM Business Partner, hosting its applications on IBM's SoftLayer secure global cloud infrastructure. For more information about Green Status Pro, please visit http://www.greenstatuspro.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Best Operational Practices for Complying with SEC and Customer Requirements Identified

Woburn, MA -- (SBWIRE) -- 08/05/2014 -- Green Status Pro, the leader in Conflict Minerals Reporting Automation, is distributing for free a concise e-book describing industry best practices. Written by Rob Kasameyer, president of Green Status Pro, Conflict Mineral Reporting: 12 Lessons Learned for 2014 identifies the initiatives industry leaders are putting in place to comply with the requirements of Dodd-Frank Section 1502 and the SEC Conflict Minerals Final Rule.

This free e-book can be downloaded by clicking here.

Conflict Minerals Reporting: 12 Lessons Learned for 2014 is a survival guide for managing current challenges, including meeting the expectations of senior corporate management. It provides both experienced compliance managers and those newly assigned fresh insights and wisdom.

"SEC Filers are using the remainder of 2014 to put in place the Conflict Minerals policies, procedures and reporting systems needed by January 1, 2015, to pass the SEC-required Independent Private Sector Audit (IPSA)," reports Mr. Kasameyer. "Supply chain transparency back to the smelters is a key objective of this effort but there are many obstacles to success, including lack of time. Companies that properly automate the Conflict Minerals Reporting process gain the advantages of significantly lower program costs and superior customer relationships."

The first Form SD filing, completed June 2, 2014, significantly changed the role of Conflict Minerals Reporting. Competency in Conflict Minerals Reporting is now both a source of competitive advantage as well as a cornerstone for Responsible Sourcing.

"One of the most important lessons learned is that automation is critical to Conflict Minerals Reporting success.

For example, there are important differences between the recently released CFSI CMRT Version 3 and previous EICC-GeSI CMRT Version 2s that cannot be effectively managed manually," stated Leo DeNevi, Green Status Pro CTO. "Supplier smelter data validation, aggregation, transparency, accuracy and audit trails can only be cost-effectively documented with automation."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Only Conflict Minerals Reporting Service to Support Both CMRT V2 and V3

Woburn, MA -- (SBWIRE) -- 07/15/2014 -- Green Status Pro's Conflict Minerals automated reporting system now supports CMRT 3.01. Green Status Pro's web-based service is the first to process version 3.01 plus all version 2.0 templates, digitally validating and reporting supplier and supply-chain smelter information, as required by the SEC rules.

SEC Filers report their suppliers are providing updated 2014 Conflict Minerals information using both versions 2 and 3 CMRTs. There are significant differences between CMRT Versions 2 and 3. These include the complete change of smelter identification numbers, additional questions in the declaration and additional information on the smelter lists. In addition, CMRT 3.01 is fully compatible with IPC 1755, the Conflict Minerals Data Exchange Standard. Only Green Status Pro automates the validation, organization and reporting of this data from all versions to a standard that will pass an independent auditor's due diligence tests.

"Responsible Sourcing of components containing 3TG is a source of competitive advantage, with both investor and customer groups particularly impacted," according to Rob Kasameyer, president of Green Status Pro. "Compliance Officers learned with the 2013 filing of Form SD that they cannot efficiently manage their Conflict Minerals Reporting program with manual methods dependent upon spreadsheets."

"Enterprises are managing their supply chains more effectively with the insights they have gained from their Conflict Minerals Program," commented Peter S. Kastner, Research Director at Scott-Page. "Green Status Pro's Conflict Minerals reports provide the added benefit of increasing the transparency of an enterprise's supply chain and allowing senior executives to make better risk-based decisions."

CMRT = Conflict-Free Smelter Initiative's Conflict Mineral Reporting Template
3TG = Tantalum, Tin, Tungsten and Gold

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm