Agreement propels BPS Resolver toward goal of being the leading Subscription Compliance Content Provider in the GRC arena.
TORONTO, March 26 /CNW/ - BPS Resolver, a leading Governance, Risk and Compliance software provider, announced a partnership with CRSTL that will allow them to supply customers with legal and regulatory content on a subscription basis.
"We are very excited to be expanding our existing partnership with CRSTL," said CEO Steve Taylor. "Our goal is to be the only content agnostic supplier in the GRC space. That means we can provide any legal or regulatory content, from ANY source."
The Resolver CEO indicated that, increasingly, clients are looking for more than just assessment, program management and workflow capabilities. Content needs to be imbedded in the system and updated in a timely and accurate manner. Content in the BPS Resolver system is translated to 'business language' so it is easily understood by non-legal staff inside the company.
Felicia Salomon, President and CEO of CRSTL said, "We see this as a great opportunity to expand our reach in terms of supplying regulatory content to Banks, Credit Unions, Trusts, Insurance Companies and Publicly Listed companies both in Canada and the US. And with BPS Resolver, we have a proven track record of successful implementations."
The integrated solution allows companies to both understand the legal and regulatory requirements they face, self assess their level of compliance and report to any internal or third party stakeholders. While the company intends to build on the list, BPS Resolver is currently providing updated subscription-based content for the following:
- Privacy, Anti-Money Laundering, Banks, Insurance Companies,
Reinsurers, Trust and Loan Companies - Canadian Federal and
Provincial requirements, TSX listed Companies, Venture Exchange,
Sarbanes Oxley, US Securities requirements, NYSE, NASDAQ and
Amex listed Companies.
- NERC CIP
"As a newly licensed bank in Canada, the combination of CRSTL content and Resolver's GRC platform allowed us to quickly and efficiently set up a customized tool to effectively manage our compliance and reporting requirements," said Celia Cuthbertson, Vice President, General Counsel and Corporate Secretary of HomeQ.
About BPS Resolver
BPS Resolver produces products that are purchased by companies that have material exposure to failures in legislative compliance, shareholder assurance and long term sustainability. We make it simple to effectively mobilize people in companies to address these issues proactively and to demonstrate and document these efforts to third parties. BPS Resolver adds value by replacing informal, unreliable, expensive or inflexible systems with easy to adopt and easy to use solutions. To achieve this, BPS Resolver brings together the best possible technology foundations with the most current industry information and best practice. We have invested over $20 Million in product development and continue to invest a high percentage of our revenues in maintaining and development of leading products. We proudly support over 300 top brand companies in over 100 countries. Our approach has generated thousands of happy users where we are the governance, risk and compliance system of record.
CRSTL Solutions is the leading developer of regulatory compliance workflow solutions for financial institutions and publicly traded companies. CRSTL's team of lawyers specializes in creating plain language summaries of all legal, regulatory and procedural requirements impacting a company's compliance obligations. We specialize in creating compliance questionnaires, risks and controls suitable for ERM or GRC systems or CRSTL's own patented compliance workflow solution. All databases are continuously updated to any changes in the laws or regulations affecting the client. CRSTL has partnered with BPS Resolver to make its complete corporate governance solution available on the Resolver Risk platform.
SOURCE BPS RESOLVER INC.
For further information: For further information: contact Elaine Buzma at: Corporate Head Quarters: 703 Evans Ave, suite 107, Toronto, Canada, (416) 622-2299 ext. 306, firstname.lastname@example.org; US Offices: 39 Broadway, suite 701, New York City, (646) 367-2086, www.bpsresolver.com