Nimbus Partnership
16 Februar 2009 - 10:00AM
RNS Non-Regulatory
TIDMBCT
Business Control Solutions Grp PLC
16 February 2009
BCS and Nimbus partner to deliver risk control and compliance suite
Nimbus Ensure launched to map, measure, monitor and manage
London, 16 February, 2009 - Business Control Solutions (AIM: BCT.L), provider of
management consultancy services and operational control software to the
financial services sector, has formed a strategic partnership with Nimbus to
deliver a comprehensive governance, risk control and compliance suite. Powered
by BCS OCA, Nimbus Ensure is the first product of its kind to actively show the
compliance status and performance of any business activity versus how it was
designed. Both firms will exhibit the solution at the Operational Risk
Management Forum in Dubai from 23 - 24 February.
The process design capabilities of Nimbus Control 2007 have been combined with
the risk management, control and reporting functionality of BCS Operational
Control Architecture(TM) (OCA), to bring process improvement best practices to
the financial services industry. The four-step Map, Measure, Monitor, Manage
approach is a risk, control and compliance derivation of the Plan Do Check
Action (PDCA) approach used in other sectors. Nimbus Ensure is quick to
implement and delivered through a web platform. It improves process management,
increases operational efficiency and transparency, reduces risk and decreases
the cost of compliance.
Michael Bush, head of product development at BCS, commented: "The parallels
between BCS and Nimbus make this alliance a powerful and logical move. Firms can
now take their existing investment in process mapping to the next level by
measuring how processes perform in real-time against how they were designed. Not
only will this create a continuous control improvement cycle, but it will also
achieve improved visibility, communication and accountability across all
business levels."
The integrated offering makes it easy to map business processes and associated
operational control requirements, and then visualise and execute control
certification and key risk metrics more efficiently. Nimbus Ensure
supports faster and more sustainable compliance, which is further aided by
real-time reporting capabilities. Spanning multiple locations - including
offshore activities - the solution gives instant cross-regional,
cross-departmental, cross-functional transparency over how well each business
activity is performing, from top level strategy through to daily operational
processes.
Adrian King, COO at Nimbus, said: "With regulators promising significant
overhaul of the regulatory regime and ongoing turbulence in the financial
services sector, firms need to concentrate more on achieving process
excellence. BCS and Nimbus share the belief that governed business processes
should be at the heart of compliant operations. By using this integrated
framework, our clients will achieve greater efficiency in their operational risk
and compliance initiatives. We are pleased to be working with the BCS team and
developing a long-standing and successful partnership together."
Both BCS and Nimbus are Microsoft Gold certified partners and work with some of
the world's largest financial institutions.
- Ends -
For more information about Nimbus Ensure, please visit:
www.nimbuspartners.com/ensure
About Business Control Solutions
Business Control Solutions is a provider of management consultancy services and
operational control software to the financial services sector. Its people have
operated at senior levels in global organisations and this experience and domain
expertise helps its clients to achieve fast-track solutions to difficult and
complex problems. Its commitment to successful delivery has resulted in
long-term, trusted relationships with its clients, which include six of the
world's top ten banks.
The management consulting division has delivered comprehensive business
transformation programs within finance, risk, IT and operations across both the
buy- and sell-side. Its innovative technology solutions are designed by industry
practitioners to embed control within operational functions and give senior
management real time transparency on issues and risks.
Business Control Solutions is based in London, with development centres in
Peterborough and Romania and is listed on the Alternative Investment Market
(AIM) as BCT.L.
For more information on Business Control Solutions please visit www.bcsplc.com
About Nimbus
Headquartered in the UK, with offices in mainland Europe, USA, Middle East and
China, Nimbus is one of the UK's fastest-growing companies, regularly featuring
in the Deloitte Fast 50 & 500. Since its inception in 1997, Nimbus has helped
over 700 organisations drive transformational change through process management.
Over 50 multi-national financial services firms have already found that the
Nimbus approach to process management delivers faster and more successful
results for a wide-range of process-led initiatives, including operational risk
management. Nimbus's flagship solution, Control 2007, enables organisations to
capture, analyse and communicate a common set of processes that can be used to
manage and transform the business. The use of Control 2007 dramatically reduces
the time, effort and cost required to deliver effective process management.
For further information about Nimbus, please visit www.nimbuspartners.com
Press contacts
Flora Wilke or Nick Bird
Metia
Tel: +44 (0) 20 3100 3500
Email: flora.wilke@metia.com or nick.bird@metia.com
This information is provided by RNS
The company news service from the London Stock Exchange
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