LONDON, July 25, 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 its balance sheet control product, BCS Integrity™, has been successfully rolled out across 1,500 users group-wide in one of the UK's largest banking groups.
The BCS Integrity web-based platform will enable the bank to take greater control of its balance sheet through delivering clear account ownership, process standardisation and attestation sign off across more than half a million nominal ledger accounts delivering greater transparency and assurance.
BCS Integrity gives the bank click-through visibility from its nominal ledger into its key sub ledgers allowing the early identification of any issues. Its workflow and hierarchy management functionality facilitate improved control over the issue resolution process. Its implementation will improve SOX compliance across the Bank's divisions through delivering greater rigour to the sign-off process. BCS integrity has also given the Bank greatly enhanced MI through its highly configurable reporting suite and senior management reporting dashboard.
Adrian Somerville, Managing Director of Business Control Solutions, said: "BCS is delighted to get this well-known UK banking group up and running on our Integrity platform. The project has been complex due to the diverse nature of the group, but having a centralised group-wide attestation tool is already bringing improved financial accountability and reporting across the group's month end balance sheet sign-off process. We are extremely pleased to have yet another leading financial services organisation live using BCS Integrity."
BCS Integrity provides a consistent financial governance risk and control (GRC) framework over the entire account ownership and attestation process. It facilitates simple front-end integration for multiple GL data sources and formats. By centralising the monthly balance sheet control process from all areas of the business, BCS Integrity delivers an efficient consistent process and reporting structure. The account ownership functionality ensures that a named owner is allocated to every account line at 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 and recorded on up to date 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
Contact: Alex Dillon, Phone: +44(0)207-648-2072, Email: firstname.lastname@example.org
SOURCE Business Control Solutions