Re: BCS Integrity and Deutsche Bank

 

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Business Control Solutions Grp PLC 
09 February 2009 
 
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Tier one bank completes global roll-out of BCS early warning system 
 
 
BCS Integrity drives transparency and control across 48 countries, more than one 
million accounts 
 
 
London, 9 February, 2009 - Business Control Solutions (AIM: BCT.L), provider of 
management consultancy services and operational control software to the 
financial services sector, today announced that its account substantiation 
solution has been implemented at Deutsche Bank in the UK, Europe, Asia and the 
Americas. This marks a significant milestone in the global roll-out of BCS 
Integrity, which - after commencing in July 2008 - is now live at sites in 48 
countries, including most of the bank's largest financial centres. The solution 
will provide increased transparency of account ownership and early 
identification of high risk balances - further reducing risk. 
 
 
BCS Integrity has provided the bank with a common platform - with low cost of 
ownership - that services both finance and operations, to drive ownership, 
efficiency and transparency. All global account data is stored in a single 
system, which means that management can quickly identify areas of concern for 
immediate follow up. 
 
 
"The longer something is left unresolved, the more likely it is to result in a 
P&L impact," said Nigel Walder, CEO at BCS. "This level of visibility, due 
diligence and control is essential to better mitigate risk in today's volatile 
and complex environment, particularly in light of increased regulator and 
shareholder scrutiny." 
 
 
Account substantiation shows the results of reconciliation, ensuring that 
account balances are complete, accurate and verified. BCS Integrity manages and 
standardises the reporting of the account substantiation process, enabling the 
bank to take a consolidated view and identify potential problems across 
functions, asset classes and regions. 
 
 
As the central platform for the automated aggregation and reporting of 
consolidated global data, BCS Integrity facilitates greater efficiencies across 
departments - speeding up account sign-off operations. The solution has 
eliminated a number of manual tasks as well as issues caused by disparate 
regional systems. 
 
 
Deployments of BCS Integrity in Australia, New Zealand, Japan and Germany are 
also due to complete in the first half of 2009, bringing the total number of 
accounts processed by Integrity to 1.25 million. 
 
 
Integrity provides audit trails over the end to end account sign-off process. 
The account ownership tools mean there can be no ambiguity over the account 
status or the person accountable. It provides a controlled route for over 3,000 
users, managers and financial directors to highlight concerns and generate 
accurate reporting. Instant access to balances and P&L exposure enable 
management to quickly address any high risk issues and make decisions based on 
timely information. 
 
 
- Ends - 
 
 
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 
 
 
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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