DGAP-News: BWise Offers Vendor Risk Management Solution as Supply Chain Risks Increase for Global Enterprises
(firmenpresse) - BWise
25.04.2013 15:00
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BWise(R) Vendor Risk Management (VRM) Supports the Creation and Operation of
the End-to-End VRM Process for the Entire Vendor and Supply Chain Portfolio
NEW YORK and HERTOGENBOSCH, Netherlands, 2013-04-25 15:00 CEST (GLOBE NEWSWIRE)
--
BWise, a NASDAQ OMX company (Nasdaq:NDAQ) and the leading provider of
Enterprise Governance, Risk management and Compliance (eGRC) software, today
announced the new BWise(r) Vendor Risk Management (VRM) solution to manage vendor
and supply-chain risk. This system is fully integrated with its independent,
analyst-recognized GRC Platform.
'Increasing reliance on vendors and intricacies in the supply chain has brought
vendor risk management to the forefront of risk management for businesses,'
said Robert Pijselman, BWise CEO. 'Vendor relationships and the risks
associated with their business practices can now have profound implications for
enterprises.'
BWise(r) VRM supports the creation and operation of the end-to-end VRM process
for the entire vendor and supply chain portfolio. BWise VRM fosters the
integration of enterprise and business unit controls, such as a centralized
vendor database, contract management, issue and incident management and
reputational risks. The solution also manages individual vendors throughout
their lifecycle, including vendor evaluations, contract management and
continuous vendor assessments. In addition, BWise VRM supports controlled
vendor off-boarding, a pivotal but often neglected capability by other software
vendors.
An evolving trend shows many enterprises seeking new efficiencies to produce
stronger results--this includes their value chain, which often relies on
outbound supply chains, making pertinent vendors critical in day-to-day
operations. In addition, risks beyond the vendor's direct control, such as
natural disasters, currency fluctuations, global economics and politics or
global economic volatility, increase the necessity for tight controls. These
factors, coupled with reputational concerns related to corruption, fraud and
anti-money laundering regulations such as the Conflict Minerals Regulatory
Statute and the Foreign Corrupt Practices Act (FCPA), has underscored the
necessity for a robust approach to VRM.
'Vendor actions that may potentially negatively impact brand equity are
receiving attention from the board room. With the integrated VRM solution from
BWise an enterprise can track, measure and manage not only risks related to its
supply chain, but also reputational risks associated with each individual
vendor,' added Mr. Pijselman. 'As a result, outbound supply chain risks are
made transparent, so organizations can comply with reporting requirements and
efficiently provide deeper business intelligence activities on these risks when
required. Moreover, with VRM integrated into the enterprise GRC solution of
BWise, comprehensive analysis and control of these risks can be factored into
the overall company's risk assessment.'
For more information on Vendor Risk Management from BWise, please visit
www.bwise.com.
About BWise
BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk
Management and Compliance (GRC) software. Based on a strong heritage in
business process management, the BWise(r) GRC platform provides companies with
highly-rated, proven software solutions for Risk Management, Internal Control,
Internal Audit, Compliance&Policy Management, IT GRC and Sustainability
Performance Management.
BWise's end-to-end solutions support an organization's ability to understand,
track, measure, and manage key organizational risks. BWise helps companies
truly be in control by balancing performance with their financial and
reputational risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and the UK
Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes,
ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank,
ISO-standards, and many more.
BWise sales, service and support offices around the globe provide for the GRC
needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold
Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog,
Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For
more information, visit www.bwise.com.
CONTACT: Media Contacts:
BWise
Gregg Turek
Marketing Manager
gregg.turek(at)bwise.com
(212) 584-2260
www.bwise.com
NASDAQ OMX
Ryan Wells
Director, Corporate Communications
ryan.wells(at)nasdaqomx.com
212-231-5541
www.nasdaqomx.com
News Source: NASDAQ OMX
25.04.2013 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.
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Company: BWise
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Datum: 25.04.2013 - 15:00 Uhr
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News-ID 252931
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