Thrivent Financial for Lutherans selects BWise for Internal Audit and Enterprise Risk Management
Integrated ICFR and Regulatory Compliance Capabilities Also Included for Comprehensive GRC Management
New York, Minneapolis, and Den Bosch, Netherlands, October 9, 2013 – BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) enterprise software, today announced it was selected by Thrivent Financial for Lutherans as their internal audit, enterprise risk management, internal control over financial compliance (ICFR) and regulatory compliance provider. Thrivent, a faith-based, Fortune 500 financial services membership organization with nearly 2.5 million members, selected BWise to streamline its internal audit, ICFR and risk management processes.
Thrivent chose the BWise solution due to its ease of use, capabilities, and the BWise reputation as a respected and well-known provider of integrated GRC software to track, measure and manage key organizational risks, including the risk of non-compliance. By using BWise, Thrivent will have a single risk framework and risk language throughout the company. This will enable Thrivent to conduct risk assessments and ultimately manage risks more efficiently and effectively. It will also support Thrivent’s audit process from end-to-end, offer GRC reports to the entire organization, save costs and create greater transparency.
Robert Pijselman, BWise CEO commented, “Our portfolio of customers in the financial industry is growing and we are particularly pleased to welcome Thrivent as a BWise customer. The amount of regulatory compliance requirements, auditable recordkeeping and reporting demands can be very taxing for a bank or financial institution in today’s marketplace. BWise integrates the information gathering required to comply with these requirements in a centralized depository and provides for efficient reporting. It also allows each customer to keep a close watch of their appetite for risks and managing them.”
BWise was recently acquired by NASDAQ OMX and is an integrated part of a suite of intelligence, communications, and governance software solutions that help public and private companies minimize risk, maximize efficiency and increase transparency.
For more information about BWise, contact us at www.bwise.com.