Leading Swiss Financial Services Group Selects BCS Integrity to Drive Financial Control Improvements

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• Publié par: business-control-solutions-plc
• Nombre de lectures: 141
• Langue: English

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Leading Swiss Financial Services Group

Selects BCS Integrity to Drive Financial Control

Improvements

PR Newswire

LONDON, June 21, 2012

LONDON

,

June 21, 2012

/PRNewswire/ --

Business Control Solutions, a leading provider of financial governance, risk and

control software to the banking and financial services markets, today

announced that following a competitive evaluation and tender process a

leading Swiss financial services group has selected BCS Integrity™ to

standardise and centralise group-wide balance sheet control.

The BCS Integrity web-based platform will systemise account ownership and

attestation across the entire financial services group, including Investment

Banking, Wealth Management and Global Asset Management to deliver greater

balance sheet control, transparency and accountability.

BCS Integrity was chosen for its proven scalability, workflow and hierarchy

management, KRI/KPI monitoring and its powerful MI and senior management

dashboard. A further compelling reason was Integrity's ability to deliver a highly

flexible solution that can support thousands of users worldwide allowing them

to review and certify millions of account combinations per month from a

number of different ledgers.

Adrian Somerville, Managing Director of Business Control Solutions, said: "BCS

is delighted to welcome this Swiss banking group to our client portfolio. Our

selection underlines the proven success we've had in supporting the balance

sheet and financial close control requirements of other major financial

institutions.

By implementing BCS Integrity, the banking group will be able to enhance their

current substantiation process across all business units within the bank. This

will enable them to achieve greater transparency and control over their

balance sheet with real time visibility into the status of their account attestation

process. It will also enable them to substantiate their accounts across multiple

different accounting standards. We are excited by this opportunity for Business

Control Solutions to deliver our market leading product to a further major

financial services organisation."

The implementation and group-wide roll-out of BCS Integrity is expected to be

completed within a four month time frame with 'go-live' scheduled for

August

2012

.

BCS Integrity provides a consistent, financial governance risk and control (GRC)

framework over the entire ownership and attestation process. It facilitates

simple front-end integration for multiple GL data sources and formats. By

centralising the balance sheet control process from all areas of the business,

BCS Integrity delivers a centralised, consistent process and reporting structure.

The account ownership functionality ensures that a named owner is allocated

to every step in the configurable sign-off process. It incorporates a controlled

workflow for users, managers and account owners to highlight concerns and

allows decisions to be made on timely information.

About Business Control Solutions

Business Control Solutions is a provider of management consultancy services

and financial control software to the financial services sector. Our people

operate at senior levels in global organisations and their experience and

domain expertise help clients to achieve fast-track solutions to complex

problems. Our commitment to successful delivery has resulted in long-term,

trusted relationships with our clients.

The BCS management consulting division delivers comprehensive business

transformation programmes within the Finance, Risk, IT and Operations

functions of some of the world's leading banking and financial sector

organisations. Our innovative technology solutions are designed by industry

practitioners to embed control within Finance and Operations functions, giving

senior management real time visibility of issues and risks.

Business Control Solutions is based in

London

, with a development centre in

Peterborough

. For more information on Business Control Solutions please visit

http://www.bcsplc.com