Get Into the Flow With BWise 4.1.2 Run Risk Management and Compliance as a Normal Business Process

NEW YORK and 'S-HERTOGENBOSCH, Netherlands, December 21, 2010 - Today BWise, the global leader in Governance, Risk and
Compliance (GRC) management software, released the latest version of its
Enterprise GRC platform. With its 4.1.2 release, BWise enables customers to
better understand and manage their risks, including the risk of
non-compliance and run their risk management and compliance processes as
normal business processes. This will ultimately pull users into a flow by
streamlining processes from a whole new perspective. Further, business
performance is driven by enabling more focused, efficient and accurate users.
BWise 4.1.2 provides new capabilities for (internal) auditors, compliance,
risk and policy managers.

Flexible workflows and automated roll ups

BWise has taken its process based integration to new levels
with version 4.1.2. Luc Brandts, CTO and Founder of BWise, said, "When we
designed our new workflow capabilities, our ambition was to create something
truly innovative; we now integrate workflows into other Governance, Risk and
Compliance structures like never seen in any other solution. This results in
users being pulled into a flow enabling them to focus purely on their
activities and the system guides them through the process automatically."

Easier than ever before

By following an organization's structure, BWise can automatically roll up
compliance assessments to the highest corporate level, including policy
acknowledgements and compliance statements. This process establishes
visibility at the top, based on information from all levels of the
organization. Sarbanes-Oxley 302 certification, annual process certification
by process owners and security certification by IT asset owners, all with
sign-off by their management are just a few examples of what can be
accomplished more easily.

Get into the flow

Throughout this new version of BWise innovative capabilities
are provided centering on user friendliness and streamlining activities to
bring different user types in audit, risk, compliance and policy management
into the right flow. Users can concentrate on the content of their job and
prioritize activities via personalized reports and dashboards.

Some further BWise 4.1.2 benefits include:

    - Off-line audit testing, planning, scheduling and time-keeping

    - New generation of drag and drop reporting; compose personal
    reports and dashboards to monitor KPI's and KRI's

    - Complete redesign of assessment and questionnaire
    capabilities, including configurable workflows

    - state-of-the art, user friendly multi-page and multi-step
    assessments

    - Integration of web-components like instructional videos and
    documentation

    - Through further integration with process management, risk managers are
    enabled to connect process risks within business risk & control
    frameworks

    - BWise 4.1.2 has been thoroughly tested and assures the
    highest security and scalability demands

To learn more about the opportunities BWise 4.1.2 offers
enterprises, join one of the webinars that BWise will host in February 2011.
For more information please visit www.bwise.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 www.bwise.com.

www.bwise.com

Media contacts: BWise, Clarinda Dobbelaar, VP of Marketing, Email: clarinda.dobbelaar at bwise.com, Office: +31(0)73-6464-915