BWise
18.06.2013 13:41
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Discussions in London Yield Insights on Importance of Prioritizing GRC and
Building Risk-Based Cultures
LONDON and HERTOGENBOSCH, Netherlands, June 18, 2013 (GLOBE NEWSWIRE) -- BWise,
a NASDAQ OMX company and the leading provider of Enterprise Governance, Risk
Management and Compliance (eGRC) software, recently hosted its European
Customer Summit. The BWise summit brought GRC leaders from companies based in
the Nordics, Benelux, Southern Europe and the United Kingdom together in London
at Close Brothers Group Plc.
Bringing industry thought leaders together
Luc Brandts, CTO and founder of BWise, said, 'We have been providing the
largest companies in the world with sustainable GRC solutions for more than 19
years. Bringing global leaders who use our solutions including our more unique
capabilities that drive efficiency, such as data analytics for continuous
monitoring and continuous auditing yielded great opportunities for sharing
thought leadership and actionable GRC insights with one another. Discussions
about these capabilities, our focused attention on client support, and the
unique examples shared by each of our clients with the group created an
atmosphere of scholarly discussions.'
GRC continues to grow in priority as business concern
Regulatory changes, compliance complexity, and the constant need to manage and
control risks, were top of mind subjects for the thought leaders who attended.
BWise customers shared their experiences managing GRC. The discussions
illustrated how invaluable it is to practice an integrated approach to managing
GRC with a robust software platform like BWise. Each client started their 'GRC
journey' - or a GRC software implementation for one department at first then
grow to others within the organization - from a different starting point within
the company. Some started with internal auditor risk while others with
compliance, internal control or finance. All have grown to in their 'journey'
to now include more than one department so that controls are part of an
integrated enterprise approach. These companies are better able to track,
measure and manage key organizational risks including those from
non-compliance.
Ensuring a risk management culture
Many BWise customers presented their company 'GRC Journey' examples. Each
addressed lessons learned, challenges and needs for improvement. All of the
companies concluded their presentations with the same idea: over the years
practicing GRC has evolved greatly. Now GRC involves more than just
implementing a technology. It needs to be a core part of the enterprise which
starts with proper guidance or executive sponsorship, commitment and the
directive to embed a risk culture into the company.
Marcel Starink, BWise VP Sales Europe, concluded, 'After hearing several
customers present their business cases, it made BWise proud that the customers
so explicitly expressed the value that BWise contributes to their
organizations.' This is reiterated in several reports by industry analysts. For
example, BWise is positioned in the Leaders Quadrant of the 2012 Magic Quadrant
for Enterprise Governance, Risk and Compliance (GRC) Platforms. Request a
complimentary copy of the report via www.bwise.com.
For more information about BWise, please visit www.bwise.com
About BWise
BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk
Management and Compliance (GRC) software. Based on a strong heritage in
business process management, the BWise(r) GRC platform provides companies with
highly-rated, proven software solutions for Risk Management, Internal Control,
Internal Audit, Compliance & Policy Management, IT GRC and Sustainability
Performance Management.
BWise's end-to-end solutions support an organization's ability to understand,
track, measure, and manage key organizational risks. BWise helps companies
truly be in control by balancing performance with their financial and
reputational risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and the UK
Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes,
ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank,
ISO-standards, and many more.
BWise sales, service and support offices around the globe provide for the GRC
needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold
Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog,
Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For
more information, visit www.bwise.com.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
More information
Click here to view our news room for more information about BWise
CONTACT: Media Contacts:
BWise, a NASDAQ OMX company
Jan-Cees Polderdijk
Marketing Manager
+3173 646 4915
Jan-Cees.Polderdijk@bwise.com
News Source: NASDAQ OMX
18.06.2013 Dissemination of a Corporate News, transmitted by DGAP -
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DGAP-News: Industry Thought Leaders Discuss Governance, Risk and Compliance (GRC) at BWise European Customer Summit
| Source: EQS Group AG