Business Control Solutions (BCS), a provider of management consultancy services and financial control software to the financial services sector, has announced the selection of its BCS Integrity by an undisclosed financial services group.
According to the company, the solution will systemise the bank’s account ownership and attestation process and will also deliver provide control, transparency and assurance over the bank’s sub ledgers.
Business Control Solutions managing director Adrian Somerville said the web-based platform will provide the bank with standardised financial close processes, sub-ledger transparency and exception reporting enabling early identification and investigation of any potential control issues, thereby improving operational risk management.
"Being readily scalable, configurable and easy to deploy we look forward to BCS Integrity demonstrating its value and position as the market leading Balance Sheet attestation tool to another major financial services group," Somerville added.
BCS said the selection is based on the solution’s scalability, customisable work flow, flexible account ownership features and key operational risk controls such as KRI/KPI monitoring that drive senior management dashboards.
The implementation and group-wide roll-out of BCS Integrity is expected to be completed in the third quarter of 2012.