DGAP-News: BWise Offers Best Practice Enterprise GRC Solution for UK Bribery Act and FCPA Act Compliance
(firmenpresse) - BWise
09.07.2012 15:21
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'S-HERTOGENBOSCH, Netherlands, and NEW YORK, 2012-07-09 15:21 CEST (GLOBE
NEWSWIRE) --
BWise, a NASDAQ OMX company and the global leader in Governance, Risk and
Compliance (GRC) management software, announced today a new solution for
compliance with the UK Bribery Act and Foreign Corrupt Practices Act (FCPA).
With the acts enforcing a strong punishment of ten years imprisonment and
unlimited fines for non-compliance, organizations need to take a more proactive
approach to bribery and corruption. BWise offers a unique FCPA and Bribery Act
compliance solution that integrates with other enterprise GRC initiatives, such
as, risk, compliance and internal audit. All based on the same risk taxonomy
and language and improving company-wide compliance and transparency which are
of utmost concern to executives.
FCPA and the UK Bribery Act are far-reaching regulations. An organization must
not only focus on the fraudulent parties, but also must maintain its ethical
(international) standards. Fines and reputational damage can be especially high
for companies, individuals and executives. Both acts have a categorical effect
on the business landscape and are vital instruments to battle and prevent
bribery. There is little empathy to bribes and corruption in general, making
non-compliance by companies a serious risk.
A corporate-wide ethics policy that describes the way to do business properly
may not be enough. Everyone in an enterprise must recognize policies related to
anti-bribery, code of conduct, and proper ways of doing business. Policy
management, policy attestation, compliance assessments and management of issues
are components an enterprise needs to address to reduce non-compliance risks in
their battle to prevent bribery. The most efficient and effective method to
comply with the acts is to take an integrated approach, using an integrated
Governance, Risk Management and Compliance (GRC) platform solution to embed
this into organizations.
Robert Pijselman, CEO of BWise, said, 'Due to the prevalence of bribery and
corruption, a risk-based approach to compliance has never been more required.
Using risk-based thinking, an enterprise can determine where best to focus its
efforts. BWise has found that there is a necessity for an integrated approach
to the UK Bribery Act and FCPA. The BWise(r) GRC Platform serves these
requirements for companies with a best-in-class method to address corruption
and bribery, and achieve company-wide compliance and transparency.'
BWise has issued a pragmatic and practical whitepaper on FCPA and the UK
Bribery Act that offers real advice, such as, what are the practical actions
you can take to comply with these regulations, how can you prevent high costs
and how can technology help?
For more information and to request a copy of the whitepaper, please visit
www.bwise.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 trulybe 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
CONTACT: Media contacts:
BWise
Jan-Cees Polderdijk
Marketing Manager
Email: jan-cees.polderdijk(at)bwise.com
Office: +31(0)73 6464915
www.bwise.com
News Source: NASDAQ OMX
09.07.2012 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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Company: BWise
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End of Announcement DGAP News-Service
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