World Leading Financial Services Group Selects BCS Integrity to Drive Financial Control Improvements
LONDON, May 28, 2012 /PRNewswire/ –
Business Control Solutions, the provider of the market leading Balance Sheet
substantiation and attestation software, BCS Integrity, to the banking and financial
services markets, today announced that one of the world’s largest financial services
groups has selected BCS Integrity(TM) to provide greater control over operational risk.
The BCS Integrity web-based platform will systemise the bank’s account ownership and
attestation process and deliver greater control, transparency and assurance over the
bank’s sub ledgers.
BCS Integrity was chosen for its proven scalability, customisable workflow flexible
account ownership features and key operational risk controls such as KRI/KPI monitoring
that drive senior management dashboards. These features, in conjunction with a wealth of
additional financial reporting provided out of the box, work to provide greater regulatory
compliance, risk management and transparency across the organisation.
Adrian Somerville, Managing Director of Business Control Solutions, said: “BCS is
delighted to welcome this world leading financial services group to our growing list of
financial services clients. Our selection underlines the proven success we’ve had in
supporting the balance sheet and financial close control requirements of other major
“BCS Integrity will provide the financial services group with improved operational
risk management by delivering standardised financial close processes, sub-ledger
transparency and exception reporting allowing the early identification and investigation
of any potential control issues. Being readily scalable, configurable and easy to deploy
we look forward to BCS Integrity demonstrating its value and position as the market
leading Balance Sheet attestation tool to another major financial services group.”
The implementation and group-wide roll-out of BCS Integrity is expected to be
completed in Q3 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 make decisions based on timely information.
SOURCE Business Control Solutions Plc