May 6, 2009

Press release

BWise GRC Software to Enable One Complete Enterprise Compliance Process at Marathon Oil Corporation

New York, NY, May 6, 2009 – BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that the integrated international energy company, Marathon Oil Corporation, has implemented BWise as its GRC solution. BWise was chosen by Marathon to enable its compliance with several regulations and reduce its compliance costs.

Finding a software solution that could converge multiple compliance initiatives, reduce costs and standardize the process to gain transparency were all priorities for Marathon. BWise will enable Marathon to track and keep record of all of its business and compliance processes and test and report on controls and risks, all in one software platform across the entire enterprise.

Barbara Brooks, Manager, Accounting Process, and Anne Hunt, Director, IT Compliance, for Marathon said Marathon’s objective was “one Marathon compliance process, utilizing an enterprise tool to inventory controls, test their effectiveness, remediate issues, and report to management.”

Luc Brandts, CTO and Founder of BWise said of Marathon, “In today’s economy, organizations are looking to find process optimizations and additional cost saving opportunities. I believe that Marathon has an outstanding project vision and chose BWise to leverage the GRC platform to find savings and efficiencies.” 

 

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