BWise, a provider of enterprise governance, risk management and compliance software, announced it has developed a solution with KPMG specifically for leasing companies. This joint solution enables chief financial officers and risk & compliance teams to be financially and operationally in control.

BWise said integrating KPMG content into its software enables leasing companies to be in control of funding and cash flow-related risks, waiver management, operational losses and business continuity and to better manage compliance issues such as Basel II and III. The new leasing solution powered by BWise software offers preconfigured content such as: operational processes, workflows and controls library, an incident database and reporting to various stakeholders.

“When we talk to our leasing customers, especially those operating internationally, they are regularly struggling with having one single insight in their processes and related controls and risks. In this ever-changing environment they want an integrated and robust framework that can accommodate new regulations and support central monitoring so that they can avoid surprises. In our opinion, GRC software combined with specific content solutions can help achieve these goals,” said Stephen van den Biggelaar, partner IT Advisory at KPMG.