KPMG and BWise launch joint “in control” solution for leasing companies

BWise has developed a software system with KPMG specifically for leasing companies. The joint solution enables chief financial officers and risk & compliance teams to be financially and operationally in control.

Integrating KPMG content into the BWise software aims to enable leasing companies to be in control of funding and cash flow-related risks, waiver management, operational losses and business continuity and to better manage compliance issues such as Basel II and III. The new leasing solution powered by BWise software offers preconfigured content such as: operational processes, workflows and controls library, an incident database and reporting to various stakeholders.

Stephen van den Biggelaar, Partner IT Advisory at KPMG explained: “When we talk to our leasing customers, especially those operating internationally, they are regularly struggling with having one single insight in their processes and related controls and risks.

“In this ever-changing environment they want an integrated and robust framework that can accommodate new regulations and support central monitoring so that they can avoid surprises. In our opinion, GRC software combined with specific content solutions can help achieve these goals.”

Rob van Straten (pictured above), senior vice president sales at BWise added:  “BWise has always been focused on developing the best-in-industry governance, risk management and compliance software platform. With our leasing solutions we provide powerful functionalities based on preconfigured content delivered by KPMG for streamlining the specific end-to-end risk and compliance processes at leasing companies.”

He add: “We believe by partnering with KPMG, we offer customers a very strong and future-proof leasing solution, to be financially and operationally in control on funding and cash flow risks and compliance issues.”

BWise is a subsidiary of NASDAQ OMX and supports organizations to track, measure and manage key organizational risks with the BWise® GRC Platform.