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® 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)
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