2013 a Year of Accelerated Growth for BWise
Industry-Leading integrated Governance, Risk Management and Compliance software platform reports enhancements to support continued growth and customer demand
New York, NY and Den Bosch, the Netherlands, December 19, 2013 – BWise, a NASDAQ OMX company and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, today announced 2013 achievements that set the course for next year.
“Since BWise was acquired by The NASDAQ OMX Group in May 2012, we have extended and increased our scale for client service, product R&D and integration as well as sales on a global basis. This year has been a very positive year as we are now beginning to leverage the power and the benefits fueled by the acquisition. In 2013 we made strategic business and solution enhancements to complement this growth and the synergy of this with the acquisition supports our future plans,” commented Robert Pijselman, BWise CEO.
In 2013 BWise bridged geographic gaps to achieve complete global service and support coverage with the addition of local representation in the final two regions, Asia Pacific and the Middle East / Africa. This was accomplished both directly through new employees and new offices and via the BWise Global Alliance Program. The Global Alliance Program is a mutually beneficial program that enables global and regionally-based GRC specialists to participate in the program where they are trained and certified to represent BWise first-hand with clients as a reseller or as an implementation and services partner.
In addition, we developed an integration between the NASDAQ OMX / SMARTS trade surveillance platform and BWise. As a result we successfully implemented several joint projects spanning from project scoping through implementation for compliance teams.
Meanwhile, multiple new opportunities for enhanced client support to existing clients were introduced in 2013. First, on a self-serve basis, BWise clients can now participate in the newly created Customer Community which was developed to foster more real-time expert and user interaction. Second, in response to client requests, BWise introduced a new Quarterly Notification that is a summary level narrative of software functional enhancements and technical information for BWise users between releases.
In addition, a new role titled Client Service Manager was created to help BWise clients after the sales and implementation phase as an ongoing company touch point in their GRC journey. This assigned BWise contact is also the client’s advocate for role based functional enhancements and future innovations to help them keep up with best practices.
Lastly, 2013 was also a year of technological enhancements for the BWise® GRC Platform. Early in the year, data analytics capabilities which bring two worlds together were further defined within the role-based solutions. BWise® Continuous Monitoring / Continuous Auditing enable the automated collection of data from multiple systems and databases, as well as the automatic analysis of that information. It enables audit, compliance, internal control and risk management departments to execute internal controls and measure risks throughout the entire organization. This integration allows systems and processes to be monitored, data analyzed and the supporting teams to be notified of any anomalies. BWise Continuous Monitoring (CM) / Continuous Auditing (CA) now enable clients, to continuously monitor millions of bytes of information for compliance daily.
BWise introduced three Rapid Deployment Solutions in 2013. The RDSs for Internal Audit, Risk Management and Internal Control are based on BWise best practices content gained from more than 20 years in the industry. These solutions can quickly help a client safeguard itself against the risks of regulatory non-compliance and reputational risk. Customers starting with one RDS can easily add one of the others as each is designed to integrate seamlessly.
The first of several integrated content providers from industry-leading partners was added to BWise. Unlike other solutions, BWise can now directly integrate governmental regulatory alerts already customized for relevance and specific business impact.
BWise capped a momentous year with a major release of its platform focused on supporting GRC professionals in multiple departments and roles within the organization. New features and functionality centered on streamlining ordinary workflows thus freeing time for higher order tasks.
“This year has been a super-charged year of growth for BWise. Two-thousand-thirteen will be one we reflect on as a year that propelled us to new levels of team and client support development, as well as increased business opportunities. I look forward to looking back on this one as the conclusive on ramp to GRC industry leadership,” said Luc Brandts, BWise CTO and Founder.