June 28, 2010

BWise Press Release

Tele2 live with BWise GRC:
“Reviewing internal control performance across markets”

New York, NY and ‘s-Hertogenbosch, Netherlands, June 28, 2010 – BWise, the global leader in Governance, Risk and Compliance (GRC) management software, announced today that one of Europe’s leading telecom operators, Tele2, has implemented and is live with the BWise GRC platform. Tele2 selected BWise to aid in embedding its internal audit and compliance management processes into more than 150 legal entities. The objective of the project was to implement a collaborative GRC platform to create more transparency, systematically follow up on all issues and action plans and reuse test results in the different entities and countries. The ultimate goal of the initiative was to compare internal control performance across markets.

With BWise, Tele2 is able to not only test its compliance across all its different entities and involve top management, but group policy owners can now also see results immediately and take action if necessary. The first step of the project was to test compliance with financial reporting and internal control policies. When this proved to work well, other departments at Tele2 became interested.

BWise is a Governance, Risk and Compliance platform that enables enterprises to converge multiple GRC initiatives into a single platform producing transparency, efficiencies and cost reductions. Tele2 selected BWise due to its flexibility and its open assessment capability. An additional criteria that was important was the presence of a European support desk.

Robert Pijselman, BWise CEO, commented, “We want to congratulate Tele2 with the success they have with their approach, and we are proud of the pivotal role we are able to play in this global implementation. For BWise, Tele2 and its implementation of BWise is a prime example of how we think enterprises should develop a GRC strategy: start with a realistic scope and create a firm basis, make that successful and then continue to develop to the next stage.”

 

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