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Euronet Chooses BWise for Global Sarbanes-Oxley Compliance Support.


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
 -- BWise, leading provider of compliance and enterprise risk management software, today announced that Euronet Worldwide (Nasdaq:EEFT EEFT End-to-End Force Tracking ), a leading electronic payments provider, has chosen BWise to support its global Sarbanes-Oxley (SOX) compliance management efforts.

The BWise product suite provides the most comprehensive internal control and risk management framework available and will help Euronet ensure compliance with regulatory requirements mandated by SOX, while enhancing key business processes. Specifically, BWise will provide Euronet with internal control and risk management capabilities including: process, risk and control documentation; SOX sections 404 and 302 testing workflow and certification; risk assessments; survey and questionnaires; and robust reporting functionality.

"Euronet chose BWise because they have the best solution available to support global compliance efforts like ours, with a flexible approach to more efficiently manage our worldwide internal controls and advance our capability to achieve operational benefits from the increased demands imposed on our business by SOX requirements," said Rick Weller, Executive Vice President and CFO See Chief Financial Officer. , Euronet Worldwide. "BWise will enable Euronet to implement a long-term sustainable solution for SOX compliance, thereby allowing us to better focus on our core competency of processing secure electronic financial transactions."

"BWise welcomes Euronet as a valuable customer and we look forward to the opportunity to help them in their global efforts to comply with SOX," says Robert Pijselman, Chief Executive Officer of BWise. "The BWise solution is perfectly suited to help companies like Euronet not only ensure compliance, but streamline key related business processes that will foster improved performance across the enterprise."

About BWise

BWise is a global leader in compliance and enterprise risk management (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. ) 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 COSO Committee of Sponsoring Organizations of the Treadway Commission
COSO Church of Spiral Oak
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, 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). , and others. BWise has more than 1,200 customers in more than 80 countries worldwide, like AEGON, VNU/AC Nielsen, TNT TNT: see trinitrotoluene.
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, Toronto Dominion Bank Financial Group and 125,000 users in virtually all markets. For more information, visit www.bwise.com.

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. The company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. The company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 208,000 point-of-sale terminals across more than 101,000 retailers in Europe, Asia Pacific, Africa, and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 23 offices worldwide, Euronet serves clients in more than 70 countries. Visit the company's web site at www.euronetworldwide.com.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 24, 2005
Words:540
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