The Governance, Risk
Management and Compliance (GRC) Platform Will Enable Further
Improvement of Electrolux's Internal Control Program
STOCKHOLM, Sweden and NEW YORK, July 15, 2015 (GLOBE NEWSWIRE) --
Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise
Governance, Risk Management and Compliance (eGRC), announced today
that it has been selected by Electrolux, a global leader in home
and professional appliances with headquarters in Stockholm.
Electrolux will begin using the integrated GRC platform by
initially implementing the software solution for internal control
to further improve its internal control program and
standards.
"We are pleased to welcome Electrolux to the BWise GRC community,"
said Peter de Verdier, Vice President and Head of BWise. "As a
market-leading, globally-operated company, Electrolux understands
the importance of an integrated GRC approach very well. With an
increasing number of clients in the Nordics like Electrolux, we are
able to bolster localized knowledge sharing and leverage mutual
experiences to better benefit our clients' needs in this
region."
The Nasdaq BWise® GRC Platform will not only provide the technology
to support Electrolux's GRC program, but will also help the company
to improve proper and efficient documentation of internal control
work. In addition, the platform will allow Electrolux to enable
day-to-day monitoring of their program via automated dashboards,
and provide and improve reliable reporting and communications with
management, external audit and the audit committee.
BWise is a Nasdaq fully-owned company and positioned by independent
analysts such as Forrester, Gartner and Chartis as a leader in
enterprise GRC platforms.
For more information about Nasdaq BWise, please
visit: www.bwise.com.
About Electrolux
Electrolux is a global leader in home appliances, based on deep
consumer insight and developed in close collaboration with
professional users. Electrolux offers thoughtfully designed,
innovative and sustainable solutions for households and businesses,
with products such as refrigerators, dishwashers, washing machines,
cookers, vacuum cleaners, air conditioners and small domestic
appliances.
Under esteemed brands including Electrolux, AEG, Zanussi,
Frigidaire and Electrolux Grand Cuisine, the Group sells more than
50 million products to customers in more than 150 countries every
year. In 2014, Electrolux had sales of SEK 112 billion and about
60,000 employees.
Electrolux has been doing business since 1919. The headquarters are
located in Stockholm, Sweden, and the Electrolux share is listed on
Nasdaq Stockholm.
About Nasdaq BWise
Nasdaq BWise is a global leader in Enterprise Governance, Risk
Management and Compliance (GRC) software. Based on a strong
heritage in business process management, the BWise®
GRC Platform provides companies with highly-rated, proven software
solutions for Risk Management, Internal Control, Internal Audit,
Compliance & Policy Management, IT GRC and Sustainability
Performance Management.
BWise's end-to-end solutions support an organization's ability to
understand, track, measure, and manage key organizational risks.
Nasdaq BWise helps companies truly be in control by balancing
performance with their financial and reputational risks, improving
corporate accountability, increasing financial, strategic and
operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and
the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate
Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II
and III, Dodd-Frank, ISO-standards, and many more.
Nasdaq BWise sales, service and support offices around the globe
provide for the GRC needs of hundreds of leading companies
worldwide. For more information, visit www.bwise.com.
NDAQG
CONTACT: Media Contact details:
Nasdaq Media Contact:
Ryan Wells
ryan.wells@nasdaq.com
+1 (212) 231-5541 (Office)
+1 (646) 581-4286 (Mobile)
Electrolux Media Contact:
Paul Palmstedt
Acting Head of Group Media Relations
+46 8 738 60 00
paul.palmstedt@electrolux.se
www.electrolux.se
www.electroluxgroup.com
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