NEW YORK, June 30, 2015 (GLOBE NEWSWIRE) -- Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today the launch of the Nasdaq Sarbanes-Oxley (SOX) Software Solution in collaboration with Nasdaq's Listings Services business. The solution is based on a combination of the pre-configured BWise GRC platform and services, as well as Nasdaq's governance best practices. The offering will provide private companies preparing for their Initial Public Offering (IPO) with an integrated solution to better support their financial statement control process, improve efficiencies and create stronger transparency.
The Nasdaq SOX Software Solution includes a comprehensive step-by-step internal control solution and a quick and cost effective implementation. The offering aims to significantly improve the process to generate required reports such as the Sarbanes-Oxley 303 and 404 attestations.
"Taking a company public is an exciting but often overwhelming process, particularly with complex and evolving accounting and governance practices," said Nelson Griggs, Executive Vice President, Listings Services, Nasdaq. "This new offering combines Nasdaq's governance best practices with the strong BWise software capabilities and experience in the area of internal control to support newly public companies with their SOX compliance process."
"For several years, BWise has been at the forefront of supporting public companies with their SOX compliance," said Rob van Straten, Head of Global Sales & Delivery, BWise. "We are excited to bring to the market a turn-key, out-of-box offering for newly public companies in the U.S. as they address complex regulatory requirements like SOX."
The Nasdaq SOX Software Solution is available to companies preparing to list in the U.S. market. In addition, the solution is also available to those companies who are currently listed in the US, but have not yet implemented automation to assist with their SOX compliance efforts.
For more information, visit business.nasdaq.com/tech.
About Nasdaq's BWise
Nasdaq's BWise 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.
Nasdaq's BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of leading companies worldwide. For more information, visit www.bwise.com.
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.
Source:The NASDAQ OMX Group, Inc.