BWise Earns SAP Certification; Enables GRC Platform to Provide More
Assurance and Real-Time Risk Management
Certified Data Analytics capabilities integrate with the GRC Platform for clients using SAP® solutions
New York, NY and Den Bosch, the Netherlands, August 7, 2013 – BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, today announced it has earned SAP certification for their SAP NetWeaver technology platform. BWise achieved this by uniquely combining continuous monitoring and continuous auditing functionality and integrating them with their GRC Platform which gives clients using SAP® solutions more assurance and real-time risk management.
“BWise’s ability to leverage the business potential of assets provided by solutions from SAP will prove highly beneficial to current and future customer engagements. Certification serves as a proof point for technical alignment with SAP solutions. Our global clients have been demanding this and we are delighted to announce that we can deliver on it” said Anton Lissone, BWise Director of Data Analytics.
Mr. Lissone continued, “Currently the world of data analytics including continuous monitoring and continuous auditing, and the world of enterprise GRC are separate. Vendors specialize in either field but not both. BWise unites these two worlds and allows clients using and ERP solution, such as SAP or other solutions, to link IT systems information to risk processes. This ensures Segregation of Duties (SoD), automatic measurement of control effectiveness and identification of business process inefficiencies. Being certified helps our global clients examine the right data extractions and provides more assurance on compliance with requirements such as anti-bribery, anti-fraud and anti-money laundering regulations.”
Acquired by NASDAQ OMX in 2012, BWise is the first vendor to successfully incorporate data analytics and enterprise GRC software. This means anomalies detected via data analytics are reported in real-time to the BWise GRC platform, triggering several automated activities. These activities are supported by fact-based key performance indicator (KPI) and key risk indicator (KRI) dashboards and detailed reports. Clients receive critical information at their fingertips and immediate focus on managing risks and addressing issues in one single GRC software platform.