BWise Meets Market Need with Launch of Internal Audit Module

8 July 2008

BWise, the leading provider of governance, risk and compliance (GRC) software solutions, today announced the launch of BWise Internal Audit, a new module of the BWise GRC suite. As organizations are striving to meet the requirements of regulations worldwide, BWise Internal Audit offers an integrated approach to governance, risk and compliance (GRC), providing the ability to detect fraud and reduce risks by ensuring the proper design and effectiveness of controls performance. The combination between the BWise GRC suite and this new Internal Audit module enables organizations to streamline compliance processes by jointly facilitating internal audit and business management.

BWise Internal Audit includes a secure web-based audit environment for protecting sensitive information from unauthorized usage and an audit working paper to enable re-use of previous audits and audit best-practices.

It also includes capabilities such as:
• Audit planning
• Resource allocation capabilities, with detailed audit work planning
• Findings and issue management, integrated with business issue management
• Audit workflow management
• Extensive audit reporting

In addition, the BWise Internal Audit module provides organizations with a uniquely integrated GRC solution – ensuring a leading platform with low total cost of ownership. The integration with BWise’s overall market leading GRC platform ensures rapid follow-up on any audit issues found; and optimal re-use of existing documentation, such as process maps, risk & control frameworks and policies and procedures.

"As the recently named frontrunner in overall GRC capabilities by Forrester Research*, BWise recognized the importance of offering our customers an integrated approach to Internal Audit,” according to Luc Brandts, CTO and Founder of BWise. “BWise Internal Audit offers an integrated approach to GRC, providing the ability to ensure the proper design and effectiveness of the controls in the organization according to Internal Audit standards.”

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