Its enterprise grc software platform and risk intelligence services and solutions help companies drive process efficiencies, enhance. Governance, risk and compliance management software, or grc software, can help enterprises confidently meet internal and external legal requirements while effectively managing risk. Oracle grc is one of the best tools to mitigate risk and enforce compliance. Best grc product and best operational risk product. Bwise adds planning, scheduling and timekeeping for auditors. Based on a strong heritage in business process management, bwise delivers. The companys software application offers a wide range of grc functional capabilities for risk management, internal audit and control, information security, and regulatory compliance. Bwise is an enterprise governance, risk and compliance grc software platform established in 1994 and acquired by nasdaq in 2012. The company offers solutions for risk management, internal control, internal audit, compliance, and. In the thick of this, nasdaq bwise, a provider of governance, risk and compliance grc software solutions, assists organizations to focus on tracking, measuring and managing key organizational risks, alongside bringing the risk of noncompliance. Sai global to acquire bwise from nasdaq the global treasurer. A forrester waveleader, bwises grc platform is based on strong heritage in business process management and risk intelligence services that provide organizations with highlyrated, proven software solutions for enterprise and operational risk management, internal control management, internal audit, compliance and information security programs. The foundation is either built on unique company specific methodologies or leading practices and frameworks, such as coso, nist, etc.
Room to grow, plenty of projects to work on, the company works to make people feel engaged. Login username email address password stay signed in. Bwise is integrated with teammate audit tracking, for internal audit testing and annual compliance testing. Nasdaq buys compliance group bwise financial times. Nasdaq bwise grc platform selected by bank abc for risk. With the changing dynamics of stringent regulations, cybersecurity threats, disruptive technologies, and rising customer expectations, the soaring complexity of compliance is no longer a temporary challenge. We would like to show you a description here but the site wont allow us. While just over 50% of its client base is in financial services, the business also serves a number of other sectors, including manufacturing, telecommunications, automotive, life. With regards to system requirements, bwise is available as saas, and windows software. Nasdaq sells grc unit bwise to sai global finextra. This platform is based on a solid foundation of process management, risk management and compliance expertise. The bwise grc platform offers multiple rolebased solutions which are.
Grc software enterprise governance, risk and compliance software sarah beals 20191120t14. Nasdaq bwise grc platform selected by bank abc for risk, compliance and audit published. How to build a business case for grc software erm software. It may have been once, but in 2019, its almost reckless to consider trying to stay on top of compliance and risk management with spreadsheets and legal pads. Its grc platform is based on strong heritage in business process management and risk intelligence services that provide organisations. Bwise, a nasdaq omx company, and iq business agree to. Bwise, established in 1994, is the global leader in enterprise governance, risk management and compliance grc software. Cofounded by brandts in 1994, bwise was acquired by new yorkbased exchange and technology firm nasdaq in 2012 and has grown into a leading vendor in the grc space. Muscat, oman and new york, april 19, 2016 globe newswire nasdaq bwise nasdaq. Bwise bv company profile and news bloomberg markets. Nasdaq acquires bwise capital markets grc heating up. Bwise in leaders quadrant for enterprise grc platforms by. Bwise is an awardwinning cloudbased governance, risk and compliance grc software, it is designed to support small, medium and large size business.
It is also the tool for collecting, analyzing, and summarizing compliance risk. Nasdaq powers trading and investment decisions for the full range of exchangelisted equities in the u. Bwise is used as a grc platform to manage multiple compliance initiatives for sox, it compliance, pci compliance, procurement compliance, internal audit, and management selftesting. Bwise is used for testing across the enterprise, giving management a view.
Nasdaq agrees to sell bwise to sai global nasdaq, inc. Combination of sai globals industry leading risk and compliance solutions and bwises awardwinning enterprise risk management, internal. Combination of sai globals industryleading risk and compliance solutions and bwises awardwinning enterprise risk management, internal. Enterprise grc systems helps companies become compliant by instilling in your processes industry best practices and regulatory content. The firm develops, sell, and implement software solutions that enable.
Nasdaq omx bought bwise in the middle of last year. Nasdaq bwise is rated 0, while oracle enterprise grc manager is rated 0. Some alternative products to bwise include processgene grc software suite, auditcomply, and keylight platform. Caosys offers enterprise application productivity and compliance solutions for oracler. Yesterday, the nasdaq omx group announced that it had agreed to acquire bwise, arguably one of the global leaders in the enterprise governance, risk management and compliance grc software sector. Based on a strong heritage in business process management, the bwise grc platform. Both governance, risk and compliance and erp software are all about financial control, accountability and minimizing risk. Ndaq, forming one of the worlds largest risk management and ethics learning businesses starting today, the combination of bwises awardwinning risk management, internal audit and regulatory compliance. Sai global completes acquisition of bwise from nasdaq.
Pressemitteilung bwise offers best practice enterprise grc solution for uk bribery act and fcpa act compliance shertogenbosch, netherlands, and new york, ny, july 9, 2012 bwise, a nasdaq omx company and the global leader in governance, risk and compliance grcgrc. I have been working at nasdaq fulltime for more than 3 years. Grc software enterprise governance, risk, and compliance. Riskbased grc software is designed to work alongside your audit and compliance teams. A robust platform of governance, risk and compliance grc solutions.
Sox compliance can be enforced by using oracle grc. May 4, 2012 nasdaq acquires bwise capital markets grc heating up. Bwise grc platform nasdaq bwise, provides a leading enterprise governance, risk management and compliance grc platform that enables organizations to be in control of all of their key financial and reputational risks, including the risk of noncompliance. It exists because the alternative, manual management of grc, is not a viable option. Oracle governance risk and compliance grc tool is available both on premise and in the cloud formats. Nasdaq bwise is rated 0, while rsa archer is rated 9. A grc solution should support not only business process owners and risk management, but also audit, the third line of defense. Nasdaq to sell grc business bwise to sai global fintech futures. Filters help you narrow down the results to find exactly what youre looking for. A grc software point solutions design is to assist the linesofdefense businesses, support functions, and audit in managing risk.
Bwise is a grc software company that delivers integrated grc platforms and other solutions. Bwise news governance, risk and compliance management. Ndaq, a global leader in enterprise governance, risk management and compliance egrc, and kpmg llp, the u. Sai global, a recognized global provider of integrated risk management irm software and the worlds leading provider of ethics and compliance learning content, today announced it has entered into an agreement with nasdaq, inc. Acquisition creates one of the largest risk management software and ethics learning businesses. Nasdaq bwise is ranked 11th in grc while oracle enterprise grc manager is ranked 17th in grc. Discover our powerful governance, risk and compliance software solution. This includes an audit trail that evidences the compliance risk profile, whether improvements have been made, how the process is being sustained, and gaps that need to be. Nasdaq omx has acquired bwise, a netherlandsbased compliance and risk management group, to expand its corporate services offering, part of a longterm plan to grow the part of its business that. Nasdaqs bwise and kpmg align to provide comprehensive grc. Bwise bwise is a grc software company that delivers. Bwise is a software company that develops and offers integrated governance, risk, and compliance grc platforms and other related solutions. Sai global to acquire bwise from nasdaq pr newswire. The pervasive and unpredictable risk landscape requires organisations to eliminate silos, and focus on time to value across a broad set of use cases, said peter granat, sai global ceo bwise was founded in 1994 and is headquartered in the netherlands.
Managing corporate responsibilities and obligations, as well as structuring enterprise risk management are all key aspects of the bwise grc platform. Partnership to offer bestofindustry governance, risk management and compliance grc software and services to south africa. Bwise, the global leader in governance, risk and compliance grc management software, announced today it has signed a cooperative agreement with caosys limited, headquartered in yorkshire, united kingdom. Itqlick chart 2020 best governance, risk and compliance grc software finding the right business software for your business proper business software selections are the precursor to successful deployment and business growth. Because both excessive risk and excess of governance are bad for business, your grc software must use smart technologies and processes to take the complexity out. Segregation of duties can be enforced using oracle identity manager and proper controls can be put in place. Ndaq, a global leader in enterprise governance, risk management and compliance grc, announced today that it. Nasdaq bwise grc platform selected by state general. The version that was assessed for the purposes of this research was v4. Nasdaq announces completion of sale of bwise to sai global.
The grc software offers the mechanisms to define the taxonomy and library for compliance risk. Grc software facilitates and usually automates the process of dealing with grc. Its enterprise grc software platform and risk intelligence services and solutions help companies drive process efficiencies, enhance accountability, and reduce costs, resulting in improved decision making within an. Bwise news bwise, a nasdaq omx company, and iq business agree to partnership. The vendor, a leader in the governance, risk and compliance space, scores with rapid deployment solutions. Nasdaq will sell its governance, risk and compliance grc software platform bwise to risk management solutions provider sai global. The cost of reporting to meet regulatory compliance demands can be sky high, depending on your industry and global markets. Choose business it software and services with confidence. Nasdaq bwise is a global leader in enterprise governance, risk management and compliance grc software. Governance, risk and compliance software grc software. To access the premium content on insuranceerm, you must first sign in to your account.
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