May 1, 2007

BWise Sponsors FERF Research Series by Malcolm Schwartz at 2007 FEI Summit, with Frank Abagnale and His Newest Book at Booth

New York, NY, May 1, 2007 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today announced its sponsorship of the Top Down Series, authored by Malcolm Schwartz for the Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI). The four part series will be unveiled at the 2007 FEI Summit, May 20-22 at the Hynes Convention Center in Boston.

In addition, Frank Abagnale will visit BWise booth 1010 to provide signed copies of his newest book, “Stealing Your Life”, to the first 300 visitors. Frank Abagnale is one of the world's most respected authorities on the subjects of identity and corporate theft, forgery, embezzlement and secure documents. For over thirty years he has lectured to and consulted with hundreds of financial institutions, corporations and government agencies around the world. He lectures extensively at the FBI Academy and in 1998, he was selected as a distinguished member of "Pinnacle 400" by CNN Financial News. He was portrayed in the feature film Catch Me If You Can, nominally based on his ghost-written biography of the same name.

Top Down Series author Malcolm Schwartz is well-known in the field of process, risk and compliance, and one of the four principal contributors to the original COSO Report, Internal Control--Integrated Framework. The series, entitled “A Top-Down Approach to Risk Management and Internal Control”, is broken into four parts that give financial executives a comprehensive understanding of how to approach compliance through a business-benefits-oriented process including:

• Having A Business-Process Focus Tied to Business Planning
• Using an Aggregated Risk Assessment to Reduce Documentation Costs
• Using a Process Point of View to Reduce Documentation Costs
• Relying on Ongoing Monitoring to Test Controls Performance, to Reduce the Scope of Separate Testing

“Malcolm Schwartz is one of the most important thought leaders in the GRC arena and BWise is honored to have the opportunity to partner with him for this FEI research series on compliance and internal control,” stated Robert Pijselman, Chief Executive Officer of BWise. “We are pleased to be able to support FEI in its important mission of educating financial executives on how to achieve improved sustainability through smart and innovative best practices.”

“The secret to effective compliance lies in the ability to fully integrate the effort into a business-centric process that takes a top-down managerial approach delivered from a bottom-up plan,” stated Malcolm Schwartz. “BWise understands this approach well and has made it a core part of their offering. I am pleased to be affiliated with them to provide this informative FERF Top Down series that is designed to help companies strengthen internal control while concurrently reducing risk.”

BWise is a global leader in governance, risk and compliance (GRC) software, with proven solutions to help organizations increase compliance, streamline related business processes and enhance performance. With thirteen years of experience, BWise continues to innovate and improve its solutions to meet growing market demands.

The Top Down series has been distributed to FEI members and is available to non-members at www.fei.org in the research foundation section of the website. In addition, all four issues have been made available to Bloomberg Professional Services’ 240,000 subscribers in 140 countries. A DVD previewing the series, which includes an interview with Mr. Schwartz, will be given to the attendees of the FEI Summit. That interview is also included in the May Financial Management Network video tape, distributed by Smart Pros to approximately 40,000 financial employees of Fortune 1000 companies.

The FEI Summit dates back to 1930. With a venue that changes each year, the program focuses on challenges facing the senior finance executive in areas of the economy, risk management, personal
development and more.


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About BWise
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 175,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit www.bwise.com

About FERF
Financial Executives Research Foundation (FERF) is the non-profit 501(c)(3) research affiliate of Financial Executives International (FEI). FERF researchers identify key financial issues and develop impartial, timely research reports to FEI members and non-members alike, in a variety of publication formats. FERF relies primarily on voluntary tax-deductible contributions from corporations and individuals.

For more information, visit www.fei.org or www.ferf.org

Media Contacts:
Kim Larkin
Larkin Communications
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205
Email: klarkin@larkincomm.com
www.larkincomm.com

Holly McKee
Larkin Communications
Office: (703) 250-3590, Ext. 3591 • Cell: (202) 386-3960
Email: hmckee@larkincomm.com
www.larkincomm.com

 

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