LONDON, August 20, 2012 /PRNewswire/ --
Business Control Solutions, the provider of the market leading Balance Sheet substantiation and attestation software, BCS Integrity, to the banking and financial services markets, today announced that one of the world's largest financial services groups has successfully completed their first live month-end signoff with BCS Integrity™.
Following a smooth and successful implementation taking just under three months, BCS Integrity is now capturing more than 150,000 account signoffs each month across multiple different geographic locations. BCS Integrity is the primary tool used to enforce account ownership, break management and balance attestation and certification for three of the organisations sub ledgers along with providing reporting information to the Operational Risk group.
Given the ease with which the software was implemented, the client is now looking to widen the use of the software to try and drive more control around balance sheet substantiation along with cutting down the time it takes to close out the month end.
Adrian Somerville, Managing Director of Business Control Solutions, said: "The speed of this particular implementation is testament to the comprehensive and highly flexible features of our software. We're very pleased to be able to add another satisfied customer to the list of world-leading financial services companies using Integrity to manage their month-end financial close process."
BCS Integrity provides a consistent financial governance risk and control (GRC) framework over the entire ownership and attestation process. It facilitates simple front-end integration for multiple GL data sources and formats. By centralising the balance sheet control process from all areas of the business, BCS Integrity delivers a centralised, consistent process and reporting structure. The account ownership functionality ensures that a named owner is allocated to every step in the configurable sign-off process. It incorporates a controlled workflow for users, managers and account owners to highlight concerns and make decisions based on timely information.
Contact: [email protected], +44(0)20-7648-2072
SOURCE Business Control Solutions