DGAP-News: The Swiss Federal Railways Are in Control With BWise Internal Control Software
(firmenpresse) - BWise
10.10.2012 11:30
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NEW YORK and 'S-HERTOGENBOSCH, Netherlands, 2012-10-10 11:30 CEST (GLOBE
NEWSWIRE) --
BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management
and Compliance (GRC) software, announced today the successful implementation of
its software solution for internal control at the Swiss Federal Railways
(Schweizerische Bundesbahnen - SBB). Using the BWise software helped SBB reduce
the complexity of their internal control system, save costs and improve
efficiency.
With more than 28 000 employees, eight billion CHF turnover and 357 million
passengers every year, the SBB is one of the major public transport companies
in Switzerland and globally. The company also stands out in the areas of
sustainability, corporate responsibility and corporate governance. To support
these leading practices and ensure compliance with Swiss regulations and global
standards related to internal control (OR728a, PS 890, PS 400), SBB decided to
acquire and implement an advanced GRC platform. The selection process resulted
in the choice of the BWise Internal Control solution that supports the
end-to-end internal control process from the documentation of all controls and
mitigating measures to control testing and issue management.
Mr. Widmer, department Finance - Corporate Accounting at SBB explained, 'BWise
software enables us not only to document and test our internal control system
but also to support its optimization and its development. One very important
point for the decision was the high user-friendliness and the intuitive use of
the BWise GRC platform. This led to a higher acceptance of the system and
allowed us to free up time for managers to improve our internal control on a
content perspective.'
Richard Jansen, BWise Managing Director DACH, said, 'The regulation in
Switzerland and Germany as well as evolving auditing standards, are more and
more demanding in the area of internal control. Companies must not only show
they have an internal control system in place, but also demonstrate its
effectiveness. This is most efficiently done using a software solution. BWise
already helps numerous companies like the SBB to comply with these stringent
regulations in a pragmatic and efficient manner.'
About SBB:
Let's start with some figures: Every year, SBB transports 357 million
passengers and 50 million net tons of freight. Its 3000 route kilometers are
actually fairly modest by comparison with the 24,500 km that make up
Switzerland's public transport network as a whole.
With the exception of Herisau and Appenzell, all of Switzerland's cantonal
capitals are on the SBB network. Over 800 stations have hourly or half-hourly
train services. Two-thirds of all freight passing through the Swiss Alps goes
by train. SBB Cargo transports 195,000 tons of freight by rail every day for
its customers.
Over 28,000 railway employees work round the clock to keep trains running
safely and punctually. So SBB isn't just the largest travel and transport
company in Switzerland, it's also one of the biggest employers.
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
CONTACT: Press contact
BWise
Caroline Souvestre
Email: caroline.souvestre(at)bwise.com
Office: +31 (0)73 6464915
www.bwise.com
News Source: NASDAQ OMX
10.10.2012 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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