Albea Selects Nasdaq's BWise to Industrialize Its Internal Control

PARIS and NEW YORK, Nov. 20, 2014 (GLOBE NEWSWIRE) -- Nasdaq's (Nasdaq:NDAQ) BWise, a global leader in Governance, Risk Management and Compliance (GRC), announced today that it has been selected by Albéa Group, a French company leader in cosmetic tube manufacturing for beauty and hygiene, to industrialize their internal control processes and integrate Data Analytics Technologies. Albéa will leverage BWise's Rapid Deployment Solution for Internal Control (RDS IC) and Data Analytics to continuously monitor and analyze the accounting and logistics information of the company. The aim is to improve the quality of work and the performance of internal control professionals.

Albéa has 38 manufacturing sites throughout the world. Its internal control team, based in the Paris headquarters, wished to have an efficient software solution which would allow them to combine a traditional approach of internal control with an automated approach to strengthen the existing processes and to retrieve the data out of management and maintenance systems. The continuous monitoring is a major lever to improve the business processes.

By using the BWise platform, each controller can increase their efficiency on a broader scope than the traditional approach, by leveraging the platform's connection to accounting systems. Moreover, BWise^® Continuous Monitoring automates the analysis of information extracted from the systems as well as their integration with the chain management of information implemented in the GRC platform. Stakeholders are automatically informed as soon as the key performance indicators exceed the predefined threshold, allowing a pro-active action and/or a nearly instantaneous remediation.

Vu To Lan Nguyen, Head of Internal Control at Albéa explains: "To steer our internal control frameworks we were looking for a traditional but scalable GRC platform, easy to use and quick to implement. The internal control solution offered by BWise - coupled with BWise^® Continuous Monitoring seemed to meet this need. With the help of the BWise team, we managed to implement the platform within 10 weeks. Today, we have 600 users connected to the platform. The next step consists in pursuing even more efficiency while automating some of the controls within the platform, which connects information coming from other systems."

Stéphane Dorchin, Director of France and Southern Europe at BWise adds: "Albéa is a forerunner in the French market concerning the integrated approach of continuous monitoring in GRC platforms. This shows that French companies need to start overcoming the gap compared to British companies, particularly in this respect. We are proud to have been selected by Albéa, which will be able to quickly realize value from the solution and will benefit from the possibility of documenting all the accounting processes on different levels to ensure an efficient internal control. While starting its GRC journey, Albéa can easily manage additional GRC initiatives with other departments in the future."

The Rapid Deployment Solution for Internal Control (RDS IC) is based on best practices gained from 20 years of enterprise GRC experience, servicing hundreds of clients globally. In a matter of weeks, the solution enables better transparency, efficiency and management over internal control processes.

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About BWise

BWise, a Nasdaq company, 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. For more information, visit http://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.

CONTACT: Media Contact details:
        
         BWise, a Nasdaq company
         Elodie Seiller
         Marketing Manager DACH - Southern Europe
         +31 (0)73-6464915
         [email protected]
         www.bwise.com