SOURCE: BWise

BWise, Inc

December 21, 2010 10:12 ET

Get Into the Flow With BWise 4.1.2

Run Risk Management and Compliance as a Normal Business Process

NEW YORK, NY and 'S-HERTOGENBOSCH, NETHERLANDS--(Marketwire - December 21, 2010) - Today BWise, the global leader in Governance, Risk and Compliance (GRC) management software, released the latest version of its Enterprise GRC platform. With its 4.1.2 release, BWise enables customers to better understand and manage their risks, including the risk of non-compliance and run their risk management and compliance processes as normal business processes. This will ultimately pull users into a flow by streamlining processes from a whole new perspective. Further, business performance is driven by enabling more focused, efficient and accurate users. BWise 4.1.2 provides new capabilities for (internal) auditors, compliance, risk and policy managers.

Flexible workflows and automated roll ups
BWise has taken its process based integration to new levels with version 4.1.2. Luc Brandts, CTO and Founder of BWise, said, "When we designed our new workflow capabilities, our ambition was to create something truly innovative; we now integrate workflows into other Governance, Risk and Compliance structures like never seen in any other solution. This results in users being pulled into a flow enabling them to focus purely on their activities and the system guides them through the process automatically."

Easier than ever before
By following an organization's structure, BWise can automatically roll up compliance assessments to the highest corporate level, including policy acknowledgements and compliance statements. This process establishes visibility at the top, based on information from all levels of the organization. Sarbanes-Oxley 302 certification, annual process certification by process owners and security certification by IT asset owners, all with sign-off by their management are just a few examples of what can be accomplished more easily.

Get into the flow
Throughout this new version of BWise innovative capabilities are provided centering on user friendliness and streamlining activities to bring different user types in audit, risk, compliance and policy management into the right flow. Users can concentrate on the content of their job and prioritize activities via personalized reports and dashboards.

Some further BWise 4.1.2 benefits include:

  • Off-line audit testing, planning, scheduling and time-keeping
  • New generation of drag and drop reporting; compose personal reports and dashboards to monitor KPIs and KRIs
  • Complete redesign of assessment and questionnaire capabilities, including configurable workflows
    • State-of-the art, user friendly multi-page and multi-step assessments
    • Integration of web-components like instructional videos and documentation
  • Through further integration with process management, risk managers are enabled to connect process risks within business risk & control frameworks
  • BWise 4.1.2 has been thoroughly tested and assures the highest security and scalability demands

To learn more about the opportunities BWise 4.1.2 offers enterprises, join one of the webinars that BWise will host in February 2011. For more information please visit www.bwise.com

About BWise:
BWise, established in 1994, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers truly integrated and proven GRC solutions. With these GRC solutions BWise supports an organization to get 'in control' of all of its enterprise risks and compliance obligations. To become 'in control', BWise enables its customers to increase corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance, while understanding risks.

Hundreds of customers, in virtually all markets and industries in more than 80 countries, are served by BWise for their GRC needs. Utilizing templates and a best-practice implementation approach, BWise enables management to monitor and manage risks and comply to regulations such as Sarbanes-Oxley, ISAE3402 / SAS-70, Basel II and III and Solvency II, ISO-standards, European Corporate Governance Codes and many more. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit www.bwise.com.

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