BWise Receives Independent Analyst Recognition in IT Governance, and Launches COBIT 4.1 Template.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & 'S-HERTOGENBOSCH, Netherlands -- 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, today announced the availability of its IT Governance best practice solution based on COBIT (Control OBjectives for Information and related Technology) A business-oriented set of standards for guiding management in the sound use of information technology from the Information Systems Audit and Control Association (ISACA) (www.isaca.org). 4.1. The solution enables organizations to reduce compliance costs by automating key IT compliance processes, including policy management, business risk management, operational control, monitoring, continuous improvements and reporting. The solution will result in substantial cost savings and improved return on IT investments. With the new IT Governance template, organizations will be able to implement IT Governance in their organization, and also realize a better alignment of the IT organization with the business. Luc Brandts, Founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of BWise states, "BWise is an integrated platform for all Governance, Risk and Compliance management related projects, including capabilities for Internal Audit and IT Governance. This will help companies to leverage existing documentation, and streamline communication with business and IT managers. With the BWise GRC platform, a true alignment between Business, IT management and Internal Audit can be realized." The BWise template includes the COBIT 4.1 framework and 34 processes in four domains with 210 control objectives, including their risks and controls. Customers can select the elements that are relevant to their business from a library and link them to their overall GRC efforts. This will provide managers, IT users, and auditors with several benefits such as in-depth reports upon which IT related decisions and investments can be based in a more effective manner. COBIT has achieved international recognition and is widely regarded as an established governance framework for the management of IT risk and control. BWise customers have successfully applied COBIT within an integrated GRC-approach, linking COBIT to other standards and regulations like COSO COSO Committee of Sponsoring Organizations of the Treadway Commission COSO Church of Spiral Oak COSO Corporate South COSO Class of Service Override COSO Combat Oriented Supply Operations (USAF) , Sarbanes Oxley (SOX), ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 27002, Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations and Solvency II Solvency II is the updated set of regulatory requirements for insurance firms that operate in the European Union. The rationale for European Union insurance legislation is to facilitate the development of a Single Market in insurance services in Europe, whilst at the same . Business processes are the foundation of bridging the gap between the various silo approaches within an enterprise. Convergence of controls will significantly lower compliance costs, improve transparency and governance. Gartner recently released its MarketScope for IT Governance, Risk and Compliance Managementa and rated BWise as 'Promising'. "Our clients use us for many integrated aspects of Governance, Risk Management and Compliance," stated Mr. Brandts. "It is great to see we are recognized by Gartner as a player in the IT GRC market." a Gartner MarketScope for IT Governance, Risk and Compliance Management, by Paul E. Proctor and Mark Nicolett, April 13, 2009 About the MarketScope The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or fitness for a
particular purpose.
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 industry. 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, Bill 198, 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 , and others. BWise has offices in the Netherlands, United States, United Kingdom, and Germany. |
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