New York, NY, May 6, 2009 – BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that the integrated international energy company, Marathon Oil Corporation, has implemented BWise as its GRC solution. BWise was chosen by Marathon to enable its compliance with several regulations and reduce its compliance costs.
Finding a software solution that could converge multiple compliance initiatives, reduce costs and standardize the process to gain transparency were all priorities for Marathon. BWise will enable Marathon to track and keep record of all of its business and compliance processes and test and report on controls and risks, all in one software platform across the entire enterprise.
Barbara Brooks, Manager, Accounting Process, and Anne Hunt, Director, IT Compliance, for Marathon said Marathon’s objective was “one Marathon compliance process, utilizing an enterprise tool to inventory controls, test their effectiveness, remediate issues, and report to management.”
Luc Brandts, CTO and Founder of BWise said of Marathon, “In today’s economy, organizations are looking to find process optimizations and additional cost saving opportunities. I believe that Marathon has an outstanding project vision and chose BWise to leverage the GRC platform to find savings and efficiencies.”
About BWiseBWise is the global leader in Governance, Risk and Compliance (GRC) 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 300,000 users in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC sector. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Solvency II, Basel II, MiFID, PCI, GLBA, NAIC MAR, HIPAA and others. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit
www.bwise.com.
Media Contacts:
BWise
Clarinda Dobbelaar
VP of Marketing
E-mail:
clarinda.dobbelaar@bwise.comTel: +31 (0)73 646 4915
www.bwise.comTrimedia
Yurena Segredo Suarez
E-mail:
ysegredosuarez@trimedia.nlTel: +31 (0)23 750 3210