KPMG and BWise Announce Joint Solution for Leasing Companies

DEN BOSCH, Netherlands, March 11, 2014 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, today announced it has developed a solution with KPMG specifically for leasing companies. This joint solution enables Chief Financial Officers and Risk & Compliance Teams to be financially and operationally in control.

Integrating KPMG content into the BWise software enables leasing companies to be in control of funding and cash flow-related risks, waiver management, operational losses and business continuity and to better manage compliance issues such as Basel II and III. The new leasing solution powered by BWise software offers preconfigured content such as: operational processes, workflows and controls library, an incident database and reporting to various stakeholders.

"When we talk to our leasing customers, especially those operating internationally, they are regularly struggling with having one single insight in their processes and related controls and risks. In this ever-changing environment they want an integrated and robust framework that can accommodate new regulations and support central monitoring so that they can avoid surprises. In our opinion, GRC software combined with specific content solutions can help achieve these goals," said Stephen van den Biggelaar, Partner IT Advisory at KPMG.

"BWise has always been focused on developing the best-in-industry Governance, Risk Management and Compliance software platform," said Rob van Straten, Senior Vice President Sales at BWise. "With our leasing solutions we provide powerful functionalities based on preconfigured content delivered by KPMG for streamlining the specific end-to-end risk and compliance processes at leasing companies. We believe by partnering with KPMG, we offer customers a very strong and future-proof leasing solution, to be financially and operationally in control on funding and cash flow risks and compliance issues."

BWise is a subsidiary of NASDAQ OMX and supports organizations to track, measure and manage key organizational risks with the BWise® GRC Platform. For more information about BWise, please visit www.bwise.com.

About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 155,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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^® 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, AG2R La Mondiale, Ahold, AngloGold Ashanti, Carnegie, Health Alliance Plan (HAP) of Michigan, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For more information, visit www.bwise.com. Follow us on LinkedIn, Facebook and Twitter.