BWise and CaoSys Sign Cooperation Agreement

"Monitor Segregation of Duties (SoD) on Oracle E-business platforms integrated in a GRC platform"

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Mar 15, 2011, 11:12 ET

'S-HERTOGENBOSCH, Netherlands, March 15, 2011 /PRNewswire/ -- 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. CaoSys offers enterprise application productivity and compliance solutions for Oracle® E-Business platforms. Both companies will benefit from one another's understanding of the global GRC market and its challenges. With BWise as the global GRC platform and CaoSys's compliance solutions, organizations will benefit from an integrated and holistic view on how to design, implement, optimize and deploy a best-in-class GRC platform.

Enable exception reporting

BWise customers will benefit from the integration of continuous monitoring and reporting capabilities on potential Segregation of Duties (SoD) conflicts in their Oracle E-Business platforms. The traditional approach in GRC projects, where risk management and/or internal control frameworks are reviewed on a manual basis, will be replaced by an automated process of continuously monitoring relevant data from an ERP environment. BWise combined with CaoSys's compliance solution will enable to initialize exception reporting and managing issues while creating a full audit trail in BWise.

Ensure Segregation of Duties and Access Control

A risk-based approach to managing access controls, including exception reporting and signing off on mitigating controls in an integrated GRC environment, is the most effective way to ensure proper SoD and effective access controls in Oracle E-Business environments. Robert Pijselman, CEO of BWise, said, "We are proud to welcome CaoSys as one of our strategic business partners. Their deep Oracle E-Business understanding and broad market experience adds value to our existing customer base. The recent integration of CaoSys's CS*Comply/SEsoftware into the BWise GRC platform is an example of the expanding market for integrated GRC solutions."

Save time and money

Craig O'Neill, managing director at CaoSys, said, "We are delighted by this opportunity to join forces with an industry recognized and leading player in this market. It is a strategic choice for CaoSys to select an integrated GRC solution vendor such as BWise as one of our business partners. Their Magic Quadrant positioned GRC solution is the ideal platform to help us broaden our reach and strengthen our brand. By integrating a new standalone edition of our CS*Comply solution into the BWise Enterprise GRC Platform, we are bringing more organizations the opportunity to benefit from the latest in GRC technology to assist them in saving time and money as well as adhere to and fulfill their risk and compliance management requirements." For more information, visit http://www.caosys.com or http://www.bwise.com.

About CaoSys:

CaoSys offers several solutions that fall into two distinct market segments, compliance and productivity. The companies compliance based solutions, CS*Audit, CS*Comply, CS*Impact and CS*Secure enable organizations to implement data auditing, segregation of duties (SoD) internal controls, impact analysis and data security based controls. Their productivity based solutions, CS*Form, CS*Accelerate and CS*Enquire cater for several needs such as onscreen interactive reporting, application extensions, application building, application augmentation and ad-hoc querying to name but a few.

CaoSys software helps businesses streamline and secure their applications making their users and therefore their business more efficient whilst ensuring assurance and accountability. CaoSys was formed during 1999 and is based in the UK. More information can be found at http://www.caosys.com.

About BWise:

BWise, established in 1994, is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers truly integrated and proven GRC solutions. With these GRC solutions BWise supports an organization to get 'in control' of all of its enterprise risks and compliance obligations. To become 'in control', BWise enables its customers to increase corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance, while understanding risks.

Hundreds of customers, in virtually all markets and industries in more than 80 countries, are served by BWise for their GRC needs. Utilizing templates and a best-practice implementation approach, BWise enables management to monitor and manage risks and comply to regulations such as Sarbanes-Oxley, ISAE3402 / SAS-70, Basel II and III and Solvency II, ISO-standards, European Corporate Governance Codes and many more. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit http://www.bwise.com.

SOURCE BWise