Euronet chooses BWise for Sarbanes-Oxley compliance

Source: BWise

BWise, leading provider of compliance and enterprise risk management software, today announced that Euronet Worldwide (Nasdaq:EEFT), a leading electronic payments provider, has chosen BWise to support its global Sarbanes-Oxley (SOX) compliance management efforts.

The BWise product suite provides the most comprehensive internal control and risk management framework available and will help Euronet ensure compliance with regulatory requirements mandated by SOX, while enhancing key business processes. Specifically, BWise will provide Euronet with internal control and risk management capabilities including: process, risk and control documentation; SOX sections 404 and 302 testing workflow and certification; risk assessments; survey and questionnaires; and robust reporting functionality.

"Euronet chose BWise because they have the best solution available to support global compliance efforts like ours, with a flexible approach to more efficiently manage our worldwide internal controls and advance our capability to achieve operational benefits from the increased demands imposed on our business by SOX requirements," said Rick Weller, Executive Vice President and CFO, Euronet Worldwide. "BWise will enable Euronet to implement a long-term sustainable solution for SOX compliance, thereby allowing us to better focus on our core competency of processing secure electronic financial transactions."

"BWise welcomes Euronet as a valuable customer and we look forward to the opportunity to help them in their global efforts to comply with SOX," says Robert Pijselman, Chief Executive Officer of BWise. "The BWise solution is perfectly suited to help companies like Euronet not only ensure compliance, but streamline key related business processes that will foster improved performance across the enterprise."

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