Source: Business Control Solutions
Business Control Solutions (AIM: BCT.L), provider of management consultancy services and operational control software to the financial services sector, today announced that its financial early warning system, BCS Integrity™, has been recognised in the Finextra Innovation Showcase 2009 for delivering improved financial control at Deutsche Bank.
BCS Integrity™ is an enterprise-strength web application that provides instant visibility over the financial account sign-off process across multiple regions, business units, general ledgers and currencies. It enables senior management to quickly understand what balances are at risk, which accounts have been reconciled, who owns each account and what still needs to be done before the financial period closes.
Elton Cane, Strategy Director, Finextra said: "In launching the Innovation Showcase, we sought to highlight some of the most interesting financial technology developments over the past 12 months. What were we looking for? Newness, uniqueness and impact; clever ways of solving a problem; and projects at the leading edge of new industry trends."
Michael Bush, Head of Product Management as BCS, said: "Recognition by respected industry commentators like Finextra further demonstrates the importance of good operational and financial control in the current climate. Continued market uncertainty means its more important than ever to have an early warning system that allows managers to get on top of issues before they sprial out of control."