DGAP-News: Rexel Selects BWise to Manage Its Internal Control and the Follow Up On Its Audit Action Plans
(firmenpresse) - BWise
25.06.2012 14:00
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S-HERTOGENBOSCH, Netherlands and NEW YORK, 2012-06-25 14:00 CEST (GLOBE
NEWSWIRE) --
BWise, a NASDAQ OMX company and a global leader in Governance, Risk and
Compliance (GRC) management software, announced today that it was selected by
Rexel (EURONEXT:RXL). Rexel is a global leader in the distribution of
electrical products and services. The company selected BWise for the periodic
assessment of its internal control system and the follow up on its audit action
plans.
In order to support its projects focused on the evolution of its internal
control and internal audit initiatives, Rexel began a selection process for a
new GRC solution that ultimately resulted in the selection of BWise. Stephane
Very, Director of Internal Control at Rexel explained, 'We were looking for a
reliable and flexible solution to meet our current needs and also enable us to
support the developments that we have planned in the short and middle term. The
powerful functionalities of the BWise platform and its reporting capabilities
were crucial for Rexel. The user-friendliness of the software was a decisive
criterion in our choice, due to the importance of the acceptance of the
solution by employees.'
BWise(r) Internal Control, a part of the integrated GRC Platform, was developed
to support the financial reporting compliance process, to ensure continuous
compliance with accounting rules, regulations like Sarbanes-Oxley and corporate
governance guidelines. Starting from documentation, and following through with
testing, design and operating effectiveness, the assurance of appropriate
financials is guaranteed.
Stephane Dorchin, Director France at BWise, said, 'The expertise of the Rexel
teams as well as the great maturity and ambition of their project match
perfectly with our vision and the rich set of functionalities offered in our
software platform. Rexel's experience working with another tool enabled us to
quickly focus on the improvement points and the main aspects of their
methodology.'
About Rexel
Rexel, a global leader in the distribution of sustainable and innovative
products and services for automation, technical supply and energy management,
addresses three main markets - industrial, commercial and residential. The
Group supports customers around the globe, wherever they are, to create value
and run their business better. With a network of some 2,200 branches in 37
countries, and over 28,000 employees, Rexel's sales were [Eur]12.7 billion in 2011.
Its majority shareholders are an investor group led by Clayton, Dubilier&Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker
RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120,
CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, FTSE4Good, STOXX600,
ASPI Eurozone and MSCI Europe.
For more information, visit Rexel's web site at www.rexel.com
About BWise
BWise, a NASDAQ OMX company, is the global leader in Enterprise Governance,
Risk Management and Compliance (GRC) software. Based on a strong heritage in
business process management, BWise delivers a truly integrated and proven GRC
platform.
With this platform, BWise supports an organization's ability to track, measure,
and manage key organizational risks in one integrated system. By doing so,
BWise helps customers to truly be in control by sustainably balancing their
performance and financial and reputational risks. BWise enables customers to
increase corporate accountability; strengthen financial, strategic and
operational efficiencies, maximize performance, and better understand risks.
Using BWise, organizations are able to comply with regulations such as
Sarbanes-Oxley, ISAE3402/SAS-70, PCI, Solvency II, Basel II and III,
Dodd-Frank, ISO-standards, European Corporate Governance Codes and many more.
BWise provides for the GRC needs of hundreds of customers worldwide, across all
industries. Customers include adidas, AEGON, Ahold, AngloGold Ashanti,
Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr,
Marathon Oil, Southern Company, Swiss Life, and Transcontinental. BWise has
offices in the Netherlands, United States, Germany, France and the United
Kingdom. For more information, visit www.bwise.com.
The BWise logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12977
Please visit www.bwise.com/bwise-news-room for additional information.
CONTACT: Media Contact
BWise
Clarinda Dobbelaar
VP Marketing&Communications
Email: clarinda.dobbelaar(at)BWise.com
Office: (+31)73-6464915
www.bwise.com
News Source: NASDAQ OMX
25.06.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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