DGAP-News: Qatargas Selects BWise to Standardize Its Enterprise Risk Management Program and Increase Efficiency
(firmenpresse) - BWise
10.09.2013 09:36
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NEW YORK, DOHA, Qatar and 'S-HERTOGENBOSCH, Netherlands, 2013-09-10 09:36 CEST
(GLOBE NEWSWIRE) --
BWise, a NASDAQ OMX company and the leading provider of enterprise Governance,
Risk Management and Compliance (eGRC) software, announced today that Qatargas,
the world's largest Liquefied Natural Gas producer, selected BWise as their
preferred supplier for GRC software. Qatargas' primary objective is to maintain
and manage its Enterprise Risk Management (ERM) strategy and to support the
integration of its operational risks, associated controls and actions to
streamline the ERM process to gain efficiencies.
To support its ERM Program, Qatargas sought a software solution that was able
to standardize its risk and controls management practices in one framework that
could be embedded across the organization providing one, company-wide risk
language.
'BWise was selected due to its respected customer base, the flexibility of its
platform and its ability to provide tailored reports and dashboards for
management on key risk exposures, control requirements and progress on
implementing identified actions,' said Rahat Latif, Chief Risk Officer,
Qatargas.
Qatargas, based in Doha, Qatar, was established in 1984. The company is the
largest Liquefied Natural Gas (LNG) producer in the world, with an annual LNG
production capacity of 42 Million Tonnes per Annum (MTA). As a large enterprise
with multiple entities and multiple user environments it is important for
Qatargas to identify risks, prioritize them and mitigate these risks within
every part of the organization, as part of its ERM program.
'BWise is very proud to welcome Qatargas as a new customer. We are expanding in
the Middle East and are flattered that Qatargas, the largest LNG supplier in
the world, has chosen BWise as its preferred GRC software solution. We look
forward to working with Qatargas on its objectives, particularly quality
improvements and risk management efficiencies,' said Robert Pijselman, Chief
Executive Officer, BWise.
BWise, acquired by NASDAQ OMX in 2012, supports organizations to track, measure
and manage key organizational risks using the BWise(r) GRC Platform. BWise is
positioned in the Leaders Quadrant of Gartner's 2012 Magic Quadrant for
Enterprise Governance, Risk and Compliance (GRC) Platforms. Request a
complimentary copy of the report via 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. Follow us on LinkedIn, Facebook and
Twitter.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
More information
Click here to view our news room for more information about BWise.
CONTACT: BWise, a NASDAQ OMX company
Maddy van den Berg
Marketing Manager
+31 73 6464 915
madeleine.vandenberg(at)bwise.com
www.bwise.com
News Source: NASDAQ OMX
10.09.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
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Datum: 10.09.2013 - 09:36 Uhr
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