December 21, 2006

BWise Announces Version 3.3 of its Governance, Risk and Compliance Solution Platform

Newest Version Builds on Comprehensive Framework to Provide Improvements in Control Testing and Issue Management Workflow  

New York, NY….December 21, 2006 – BWise, a leading provider of governance, risk and compliance (GRC) software solutions, today, announced version 3.3 of its solution platform. The newest version provides increased efficiencies for control testing while also enhancing issue management workflow capabilities. The flexible solution helps ensure compliance with key regulatory requirements such as those mandated by Sarbanes-Oxley (SOX) and Basel II, driven by a risk-based approach.

Specifically, version 3.3 of the BWise solution platform incorporates approximately 700 change requests to facilitate numerous new capabilities including:

  • Enhanced visibility of key control property
  • Enhanced workflow flexibility

o Date-based control
o Event driven reviews/control tests
o User-driven retesting
o Event-generated issues management
o Sample sizing capabilities
o More flexible configuration

  • Ability to more easily conduct database queries utilizing Lightweight Directory Access Protocol (LDAP) functionality
  • Permission improvements (authorization)
  • Numerous user interface improvements to improve ease of use
  • Enhanced ability to conduct quantified risk assessments/calculations

The new release is available in the marketplace this month.

“BWise continues to improve its market driven governance, risk and compliance solutions by listening closely to what the user community needs and responding directly with tangible improvements that generate quantifiable results including business performance improvements,” according to Luc Brandts, Chief Technology Officer at BWise. “Version 3.3 of the BWise solution platform reaffirms our ongoing goal of helping businesses across the globe meet complex corporate governance requirements through a risk-based analysis and approach.”

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About BWise
BWise is a global leader in compliance and enterprise risk management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 150,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply with rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit

Media Contacts:
Kim Larkin
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3406 • Cell: (202) 391-5205

Holly McKee
D. Larkin & Associates
Office: (703) 250-3590, Ext. 3591 • Cell: (202) 386-3960


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