LeasePlan Selects BWise to Bring Their Operational Risk Management to the Next Level

NEW YORK, NY and HERTOGENBOSCH, NETHERLANDS -- (MARKET WIRE) -- 02/25/10 -- BWise, the global leader in governance, risk and compliance (GRC) management software, announced today that LeasePlan Corporation, a global financial services company focused on fleet management, selected BWise to integrate and optimize their operational risk management process. Quality assurance, standardization across the different entities and a more efficient operational risk management process are the key objectives LeasePlan wants to realize by implementing the BWise GRC platform.

Quality and efficiency improvements
Like other banks, LeasePlan has an operational risk management program in place to comply with Basel II. As a forward thinking enterprise, LeasePlan is seeking to enhance and augment their current operational risk management initiative by integrating their loss and incident database, action monitoring and their risk library into one single platform. Edwin de Jong, Senior Corporate Vice President of Risk Management at LeasePlan, said, "We have high expectations of BWise regarding quality and efficiency improvements."

Future proof GRC solution
Using one single GRC platform will enable LeasePlan to further standardize and improve their operational risk management process within the thirty countries that they operate and create more transparency internally and for stakeholders. LeasePlan selected BWise not only for its operational risk management capabilities, but also because BWise is a broad GRC platform. Mr. de Jong added, "In the future we may integrate other disciplines like compliance and information security initiatives into the BWise platform."

Leverage current approach
Robert Pijselman, CEO of BWise, said, "We are proud to welcome LeasePlan as a new customer and we wish to compliment them with their professional and mature approach to operational risk management. I believe that LeasePlan has an outstanding project vision and we can help them leverage their mature approach to realize profound quality improvements and efficiencies." BWise has experience in implementing GRC solutions at large global financial institutions, such as AEGON, Robeco and Health Alliance Plan.

About BWise
BWise is the global leader in Governance, Risk and Compliance (GRC) management software, with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become "in control" by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI.

With more than 300,000 users in more than 80 countries worldwide in virtually all markets, BWise has developed a strong and sustainable presence in the GRC sector. Utilizing templates and a best-practice implementation approach, BWise enables stakeholders to measure and manage risks and to comply with rules and legislation throughout their organization. Our customers are managing multiple risk-related and compliance initiatives such as Sarbanes-Oxley, Solvency II, Basel II, MiFID, PCI, GLBA, NAIC MAR, HIPAA and others. BWise has offices in the Netherlands, United States, United Kingdom, Germany and India. For more information, visit www.bwise.com.

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Media Contacts: BWise Gregg Turek Marketing Manager Email: Email Contact Office: (212) 584-2260 www.bwise.com  BWise Clarinda Dobbelaar VP of Marketing Email: Email Contact Office: +31 (0)73 6464915 www.bwise.nl