BWise Sets New Compliance Standard with New Product Release; Pioneering Solution Combines IT Governance and Corporate Governance for Full Internal Control.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 & DEN BOSCH, The Netherlands -- BWise, a leading provider of compliance and enterprise risk management software, today announced the launch of a new release of its flagship product, BWise 3.1 Service Pack 1. The newest version of the BWise product suite provides the most comprehensive internal control and risk management framework available, with a fully integrated IT and corporate governance solution. The flexible solution helps ensure compliance with such key regulatory requirements as those mandated by Sarbanes-Oxley (SOX) and Basel II. Specifically, the BWise 3.1.1 builds on the core functionality of the pioneering BWise internal control and risk management suite including: --process, risk and control documentation in all aspects of compliance and risk management --control testing --risk assessments --process documentation and management --continuous control monitoring and performance management New landmark features and functions include many additional enhancements perfecting the user experience, including: --management dashboards and best-practice reports --enhancements in issue and task management --hyperlinks in formatted texts The new version also includes multi-lingual functionality, supporting double-byte languages including simplified Chinese and Japanese. Other languages may be added on demand. In addition, the new release fully integrates IT governance, an area that is increasingly important, with applications supporting multiple business processes including processes and controls as defined by such standards as 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). , 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) and ITIL (Information Technology Infrastructure Library, www.itil.co.uk) One of the more comprehensive as well as non-proprietary and publicly available sets of guidelines for "best practice" IT services management, owned by the British Office of Government Commerce (OGC). . BWise now also offers extensive documentation, testing and risk assessment capabilities for IT systems and components - fully integrated with underlying business processes. "With this new version of the BWise solution suite, we have solved the market challenge of how to properly incorporate IT controls with corporate governance," according to Luc Brandts, Chief Technology Officer at BWise. "Additionally, we have made a significant step to support our clients in their global roll-outs with the addition of multi-lingual support. The newest product release strengthens our ability to further streamline compliance, reduce costs and improve the quality of comprehensive ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. and compliance efforts." The new release will be available at the beginning of August, 2005. About BWise BWise is a global leader in compliance and enterprise risk management (ERM) 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). . BWise has developed a sustainable presence in the compliance sector with quick start templates for SOX, Basel II, SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. 70 COSO, COBIT, and others. BWise has more than 1,200 customers in more than 80 countries worldwide, like AEGON, VNU/AC Nielsen, TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. , Bouwfonds/ABN AMRO AMRO Regional Office for the Americas (WHO, Washington DC) AMRO American Robin (species) AMRO Amsterdam-Rotterdam Bank (now ABN AMRO) AMRO Association Maladie de Rendu-Osler , Toronto Dominion Bank Financial Group and 125,000 users in virtually all markets. For more information, please visit www.bwise.com. |
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