Nimbus Partnership

 

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: [phone] 
Email: [e-mail] or [e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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