December 2, 2008

Press Release

CCH® TeamMate and BWise Align to Enhance Integration of Audit and GRC Functions

New York, NY, ‘s-Hertogenbosch, Netherlands and Riverwoods, Illinois, December 2, 2008 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions and CCH, a leading provider of tax, accounting and audit information, software and services; today announced an alliance to mutually deliver CCH TeamMate and the BWise GRC solution to the market. The demonstrated value of the integrated offering is reaffirmed by numerous successful implementations, with distribution plans underway across the global marketplace.

The combination of the two market leading solutions will significantly improve enterprise-wide efficiencies through a fully integrated GRC and internal auditing system. The BWise GRC solution is set apart by its process-centric, converged approach to incorporate governance, enterprise risk management and compliance, providing multi-national results for a multitude of regulatory and internal control requirements. CCH TeamMate is the powerful, award winning audit management system that has revolutionized the audit management process. More than 60,000 auditors from 1,600 organizations rely on TeamMate to increase the efficiency and productivity of the entire audit process, including: risk assessment, scheduling, planning, execution, review, report generation, trend analysis, committee reporting and storage. The integrated solution will provide enterprises with the ability to streamline audit and GRC activities, giving auditors better insight into the status of their audit findings and related business issues.“Our joint customers will benefit from the ability to fully leverage their internal auditing systems through a converged, process-based approach to GRC,” said TeamMate General Manager and Vice President Mike Gowell. “We look forward to working with BWise as we implement our solutions to drive measurable enterprise-wide success for the market.”

“Our relationship with CCH TeamMate demonstrates our willingness and ability to create an open GRC platform. With the interoperability of the BWise platform we give our customers the opportunity to choose the best of breed solutions for their specific organization,” stated Luc Brandts, CTO and Founder of BWise. “We look forward to serving our customers with additional joint implementations and we will be working together to help companies across the globe resolve the typical challenge of truly integrating the auditing and GRC functions.”

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About BWise
BWise is the global leader in Governance, Risk and Compliance (GRC) 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 300,000 users in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC sector. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Solvency II, Basel II, MiFID, PCI, GLBA, and others. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit www.bwise.com.


About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® TeamMate, CorpSystem®, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading global information services and publishing company (www.wolterskluwer.com).

 

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