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New release generally available: BWise 4.1 Service Pack 4.1

September 28, 2015 by
Filed under: Governance, Risk and Compliance

So now the latest BWise release is officially generally available. Its full name is BWise (so service pack 4.1 of release 4.1). Sorry, a bit confusing numbering scheme, but the only thing you really need to know is that it's again a great release. And yes, some bugs have been harmed in the process.

Although as a name sounds terribly dull, there are actually quite a few very (!) nice new capabilities. Let me give you some highlights:

  • We've extended the workflow rules capabilities quite a bit, enabling issue, incident and case management to be a lot more intricate and precise
  • We've added great new capabilities on risk-based Audit planning, creating audit year plans dynamically, allowing better communication with the audit committee as well as business and audit executives
  • We've added the concepts of portlets, dynamic actionable views on everything inside and outside BWise. Wow, that's quite a bit of vague language right there. So, these are views on data that may reside somewhere in BWise (risks, controls, regulations, issues, incidents) or outside BWise (ERP data, vulnerabilities, fraud data). And these views are actionable, meaning you can drill-down, create a directly related issue, start an assessment and so on. What it offers is a lot more user-friendly and powerful interface. You'll see a lot more of this
  • A lot of usability and client-driven improvements, actually again, hundreds of them

Of course, the release has been security tested by external independent ethical hackers. Please evaluate this point for every software you purchase; it isn't as straightforward as some may think it is. We've been doing this for years, and have become quite good at it (actually got the highest ranking again). It requires constant attention (hackers are creative, and technology is constantly evolving). Your company's most sensitive data is in a GRC system, and this needs to be protected. So yes, the latest BWise version has some very cool features, but it's secure and scalable too. That part is not cool, just plain and simple very good.

Tags: GRC

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