BWise GRC Software to Enable One Complete Enterprise Compliance Process at Marathon Oil Corporation.NEW YORK -- BWise, the global leader in governance, risk and compliance (GRC GRC Greece (ISO Country code) GRC Glenn Research Center (NASA) GRC Governance, Risk and Compliance GRC Gendarmerie Royale du Canada (RCMP - Canada) GRC John H. ) management software, announced today that the integrated international energy company, Marathon Oil Corporation, has implemented BWise as its GRC solution. BWise was chosen by Marathon to enable its compliance with several regulations and reduce its compliance costs. Finding a software solution that could converge multiple compliance initiatives, reduce costs and standardize the process to gain transparency were all priorities for Marathon. BWise will enable Marathon to track and keep record of all of its business and compliance processes and test and report on controls and risks, all in one software platform across the entire enterprise. Barbara Brooks, Manager, Accounting Process, and Anne Hunt, Director, IT Compliance, for Marathon said Marathon's objective was "one Marathon compliance process, utilizing an enterprise tool to inventory controls, test their effectiveness, remediate issues, and report to management." Luc Brandts, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and Founder of BWise said of Marathon, "In today's economy, organizations are looking to find process optimizations and additional cost saving opportunities. I believe that Marathon has an outstanding project vision and chose BWise to leverage the GRC platform to find savings and efficiencies." About BWise BWise is the global leader in Governance, Risk and Compliance (GRC) management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become "in control" by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . With more than 300,000 users in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC sector. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Solvency II, Basel II, MiFID, PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). , GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA Gay and Lesbian Business Association GLBA Great Lakes Booksellers Association GLBA Glacier Bay National Park and Preserve , NAIC NAIC See National Association of Investors Corporation (NAIC). MAR, HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, and others. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit www.bwise.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion