Albea Selects Nasdaq's BWise to Industrialize Its Internal Control
(Thomson Reuters ONE) -
PARIS and NEW YORK, Nov. 20, 2014 (GLOBE NEWSWIRE) -- Nasdaq's (Nasdaq:NDAQ)
BWise, a global leader in Governance, Risk Management and Compliance (GRC),
announced today that it has been selected by Albéa Group, a French company
leader in cosmetic tube manufacturing for beauty and hygiene, to industrialize
their internal control processes and integrate Data Analytics Technologies.
Albéa will leverage BWise's Rapid Deployment Solution for Internal Control (RDS
IC) and Data Analytics to continuously monitor and analyze the accounting and
logistics information of the company. The aim is to improve the quality of work
and the performance of internal control professionals.
Albéa has 38 manufacturing sites throughout the world. Its internal control
team, based in the Paris headquarters, wished to have an efficient software
solution which would allow them to combine a traditional approach of internal
control with an automated approach to strengthen the existing processes and to
retrieve the data out of management and maintenance systems. The continuous
monitoring is a major lever to improve the business processes.
By using the BWise platform, each controller can increase their efficiency on a
broader scope than the traditional approach, by leveraging the platform's
connection to accounting systems. Moreover, BWise(®) Continuous Monitoring
automates the analysis of information extracted from the systems as well as
their integration with the chain management of information implemented in the
GRC platform. Stakeholders are automatically informed as soon as the key
performance indicators exceed the predefined threshold, allowing a pro-active
action and/or a nearly instantaneous remediation.
Vu To Lan Nguyen, Head of Internal Control at Albéa explains: "To steer our
internal control frameworks we were looking for a traditional but scalable GRC
platform, easy to use and quick to implement. The internal control solution
offered by BWise - coupled with BWise(®) Continuous Monitoring seemed to meet
this need. With the help of the BWise team, we managed to implement the platform
within 10 weeks. Today, we have 600 users connected to the platform. The next
step consists in pursuing even more efficiency while automating some of the
controls within the platform, which connects information coming from other
systems."
Stéphane Dorchin, Director of France and Southern Europe at BWise adds: "Albéa
is a forerunner in the French market concerning the integrated approach of
continuous monitoring in GRC platforms. This shows that French companies need to
start overcoming the gap compared to British companies, particularly in this
respect. We are proud to have been selected by Albéa, which will be able to
quickly realize value from the solution and will benefit from the possibility of
documenting all the accounting processes on different levels to ensure an
efficient internal control. While starting its GRC journey, Albéa can easily
manage additional GRC initiatives with other departments in the future."
The Rapid Deployment Solution for Internal Control (RDS IC) is based on best
practices gained from 20 years of enterprise GRC experience, servicing hundreds
of clients globally. In a matter of weeks, the solution enables better
transparency, efficiency and management over internal control processes.
More information
About BWise
BWise, a Nasdaq 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® 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.
For more information, visit http://www.bwise.com/
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology
powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq home to more than 3,500 listed companies with a
market value of over $8.8 trillion and more than 10,000 corporate clients. To
learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
CONTACT: Media Contact details:
BWise, a Nasdaq company
Elodie Seiller
Marketing Manager DACH - Southern Europe
+31 (0)73-6464915
elodie.seiller(at)bwise.com
www.bwise.com
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Source: BWise via GlobeNewswire
[HUG#1873009]
Unternehmensinformation / Kurzprofil:
Datum: 20.11.2014 - 11:15 Uhr
Sprache: Deutsch
News-ID 354197
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Kategorie:
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