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

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

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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.

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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