Nasdaq's BWise Launches Sarbanes-Oxley Software Solution for New Public Companies
30 June 2015 - 10:01PM
NEW YORK, June 30, 2015 (GLOBE NEWSWIRE) --
Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise
Governance, Risk Management and Compliance (eGRC), announced today
the launch of the Nasdaq Sarbanes-Oxley (SOX) Software Solution in
collaboration with Nasdaq's Listings Services business. The
solution is based on a combination of the pre-configured BWise GRC
platform and services, as well as Nasdaq's governance best
practices. The offering will provide private companies preparing
for their Initial Public Offering (IPO) with an integrated solution
to better support their financial statement control process,
improve efficiencies and create stronger transparency.
The Nasdaq SOX Software Solution includes a
comprehensive step-by-step internal control solution and a quick
and cost effective implementation. The offering aims to
significantly improve the process to generate required reports such
as the Sarbanes-Oxley 303 and 404 attestations.
"Taking a company public is an exciting but often
overwhelming process, particularly with complex and evolving
accounting and governance practices," said Nelson Griggs, Executive
Vice President, Listings Services, Nasdaq. "This new offering
combines Nasdaq's governance best practices with the strong BWise
software capabilities and experience in the area of internal
control to support newly public companies with their SOX compliance
process."
"For several years, BWise has been at the
forefront of supporting public companies with their SOX
compliance," said Rob van Straten, Head of Global Sales &
Delivery, BWise. "We are excited to bring to the market a turn-key,
out-of-box offering for newly public companies in the U.S. as they
address complex regulatory requirements like SOX."
The Nasdaq SOX Software Solution is available to
companies preparing to list in the U.S. market. In addition, the
solution is also available to those companies who are currently
listed in the US, but have not yet implemented automation to assist
with their SOX compliance efforts.
For more information, visit
business.nasdaq.com/tech.
About Nasdaq's
BWise
Nasdaq's BWise is a global leader in Enterprise
Governance, Risk Management and Compliance (GRC) software. Based on
a strong heritage in business process management, the BWise® GRC
Platform provides companies with highly-rated, proven software
solutions for Risk Management, Internal Control, Internal Audit,
Compliance & Policy Management, IT GRC and Sustainability
Performance Management.
BWise's end-to-end solutions support an
organization's ability to understand, track, measure, and manage
key organizational risks. BWise helps companies truly be in control
by balancing performance with their financial and reputational
risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations
are able to efficiently comply with anti-corruption regulations
like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European
Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II,
Basel II and III, Dodd-Frank, ISO-standards, and many more.
Nasdaq's BWise sales, service and support offices
around the globe provide for the GRC needs of hundreds of leading
companies worldwide. For more information, visit www.bwise.com.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, exchange technology, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq home to more than 3,500 listed companies with
a market value of over $8.8 trillion and more than 10,000 corporate
clients. To learn more, visit www.nasdaq.com/ambition or
www.nasdaqomx.com.
NDAQG
CONTACT: Media Contact details:
Nasdaq
Ryan Wells
Director, Corporate Communications
+1 212 231 5541
Ryan.wells@nasdaq.com
http://business.nasdaq.com
www.bwise.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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