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BWise SaaS and Application Management Services Certified by KPMG for ISAE 3402 Type II(December 14, 2011)
NEW YORK, NY and 'S-HERTOGENBOSCH, THE NETHERLANDS -- (Marketwire) -- 12/14/11 -- BWise announced today that external auditor KPMG has confirmed certification of BWise SaaS and application management services for the new International Standard on Assurance Engagements No. 3402 (ISAE 3402) Type II. The ISAE Service Organization Controls Report recognizes BWise as a dependable and trustworthy organization to manage the outsourced processes from its customers.
In March 2011, KPMG designed and certified all risks relevant to ISAE 3402, covering control objectives and operational controls. KPMG has since audited and approved of the execution of these processes and controls resulting in the ISAE 3402 type II certification.
Chief Operations Officer at BWise, Tonny Boerboom, said, "BWise can now provide full and audited ISAE 3402 Type II assurance for its SaaS and Application Management services. This certification is a demonstration of our commitment to safeguard the outsourced financial processes of our customers." Globally recognized, ISAE 3402 replaces the international SAS 70 standard and is comparable to the US-recognized SSAE 16.
The verified Application Management and SaaS services from BWise are monitored and controlled with the BWise Governance, Risk management, and Compliance software. All workflows and risks relevant to BWise Application Management Services and SaaS are documented, assessed, and reviewed through the BWise software, enabling manageability and lower costs in the company's auditing process. More information: www.bwise.com.
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 a truly integrated and proven GRC platform.
With this platform, BWise supports an organization to track, measure, and manage key organizational risks in one integrated system. By doing so, BWise helps customers to be truly in control by sustainably balancing their performance and risks. BWise also enables it customers to increase corporate accountability; strengthen financial, strategic and operational efficiencies; and maximize performance, while understanding risks. Using BWise, organizations are able to comply with regulations such as Sarbanes-Oxley, ISAE 3402/SAS 70, PCI, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, European Corporate Governance Codes and many more.
BWise provides for the GRC needs of hundreds of customers, worldwide, across all industries. Customers include adidas, AEGON, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, TNT, and Transcontinental. BWise has offices in the Netherlands, United States, Germany, France, and the United Kingdom. For more information, visit www.bwise.com.
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