BWise® Compliance Management Efficiently Supports the Entire Compliance Process End-to-End
NEW YORK and DEN BOSCH, The Netherlands, Aug. 28, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and the leading provider of Enterprise Governance, Risk management and Compliance (eGRC) software, today announced the new BWise® Compliance Management solution that supports efficient adherence to the Conflict Minerals Statutory Provision in Dodd-Frank, as well as the entire compliance process. This capability is fully integrated with BWise's independent, analyst-recognized GRC Platform.
Conflict Minerals Compliance
"Compliance with the Conflict Minerals requirements in Dodd-Frank requires careful attention and management," said Robert Pijselman, BWise CEO. "Dispersed sourcing and intricate supply chain additions could put an enterprise at significant risk for non-compliance on Conflict Minerals. BWise can incorporate this solution into an organization's daily processes and risk management procedures to meet compliance and disclosure obligations."
Collect and analyze data from the supply chain, and manage compliance
Importantly, BWise® Compliance and Policy Management software can easily be embedded into the organization, and with limited support, delivers a quick return on investment. Using the BWise solution, companies can manage specific compliance initiatives, readily collect data from the supply chain, and efficiently create total workflow, schedules, audit trails and reports. Furthermore, BWise helps compliance teams quickly identify company policies and business processes directly impacted by the Conflict Minerals Statutory Provision. Product and supplier data as well as transactional data can be analyzed using BWise data analytical capabilities, a unique differentiator in this area that is required for the very large amounts of data that needs processing. Compliance teams can then determine whether to involve business process owners using targeted compliance assessment campaigns and action plans to remediate compliance issues.
Reduce cost of compliance, prevent fines and maintain your reputation
With BWise, it is easy to create and maintain an auditable compliance framework and a defined process that helps ensure decisions are made efficiently and transparently, at the appropriate organizational level, and with ultimate accountability to executive management. Additionally, the BWise Compliance Management solution can help reduce compliance costs. Compliance with Conflict Minerals and other regulatory requirements can be monitored efficiently with fewer layers of inquiry, simplified workflows, clearer compliance task management and detailed reporting output.
For more information on a solution to manage Conflict Minerals requirements or enterprise Compliance Management from 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.