A big part of BPS Resolver’s business continues to be in the arena of Risk Assessments. I’m a firm believer that the Risk Control Self Assessment (RCSA) is the easiest component of a GRC program to implement and also possibly the most powerful. These are collaborative sessions, supported by software, in which management teams or project teams attempt to look into the future and determine what events might transpire that will keep them from achieving their corporate objectives. This is the best definition of a Risk. Our customers and partners that do this right have embedded it into their strategic planning process. The risk Heatmaps are the other side of the planning coin. In some cases, budgets are not assigned to initiatives or departments unless a proper Risk Map can be presented and defended.

It’s easy to jump on BP these days but it strikes me that in one of these simple sessions, someone would have come up with the Risk that they may have a leak (major or minor) in a deepwater well. This would have led to a discussion on the controls that exist – or should exist – to ensure this does not happen. Apparently there is a control for this and they did not have it place. The next step would have been to determine mitigating activities and plans if this risk were to occur and management would conclude that indeed it would be a good thing ( a REALLY good thing ) to have a detailed plan for this type of event.

If the first interaction with the press started with a statement indicating that BP had a detailed and thorough plan to deal with this situation, and they could even depict that plan along with the resources committed, I think the public reaction would have been different. If such a plan existed, the financial impact to BP, both in enterprise value, damage to their brand and the amount of cash needed to repair the situation would have been lessened. More importantly, the environmental and economic impact to the Gulf region would have been curtailed as well.

BPS Resolver often facilitates RCSA’s and often these types of high impact, low likelihood Risks emerge. Consider what these Risks might be for your business and ask yourself as a management team whether they are the ‘Elephant in the Room’ or whether you have thoughtful plans and the resources necessary to deal with them.

Steve Taylor
CEO
BPS Resolver Inc.

Toronto – July 22, 2010 – BPS Resolver Inc., a recognized leader in Governance, Risk and Compliance (GRC) Management, announced today the highly anticipated release of their recently enhanced Issues & Actions Tracking (IAT) solution.

BPS Resolver’s IAT solution represents a new step in composing highly configurable defined fields, workflows and reports. IAT enables the identification, allocation, prioritization, sizing, scheduling, additional testing and monitoring of issues and action plans, and uses many features found in BPS Resolver’s BPS Suite to create meaningful relationships between issues/action plans and other risk-based activities. Finally, you have the information and insight you need to locate systemic root causes of risk management failures and to provide the oversight required by senior management.

“BPS Resolver’s IAT is a powerful issues and action tracking system, allowing users to collect and manage issues and action plans across the enterprise as part of an integrated approach to risk management” said Steve Taylor, CEO of BPS Resolver Inc. “What is unique about IAT, is that it has seamless integration capabilities with other BPS Resolver Suite solutions or 3rd party products”

IAT can be used on its own or in conjunction with other solutions in BPS Suite. Auditors can use the software to identify and report audit findings. Compliance officers can identify issues for failed control tests and ensure that there are appropriate follow-up plans. Operational risk managers can use the software to log and track loss events and support regulatory investigations.

BPS Resolver’s GRC Suite of solutions enables businesses to create and maintain a successful, efficient and effective enterprise wide Governance, Risk and Compliance (GRC) program. Companies are recognizing the benefits of productivity and profitability when GRC programs are automated across their enterprise. Through the use of a combination of Resolver*Ballot, Resolver*Net and Resolver*Risk, companies from various industries can have unparalleled success embracing and managing risk at all levels within the organization.

About BPS Resolver Inc.

BPS Resolver solutions are acquired by companies that have material exposure to failures in legislative compliance, shareholder assurance and long term sustainability. We make it simple for companies to effectively mobilize people 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. 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.

For further information, please contact:
Elaine Buzma
Marketing Manager, BPS Resolver Inc.
Tel: (416) 622-2299 x 306
E-mail: elaine.buzma@bpsresolver.com
Website: www.bpsresolver.com

BPS Resolver’s Resolver*Risk 5.2 enhances the File Export Capabilities and adds Additional New Benefits

Toronto – July 15, 2010 – BPS Resolver Inc., a recognized leader in Governance, Risk and Compliance (GRC) Management, announced today the release of the highly anticipated enhanced version of its GRC management software, Resolver*Risk. The release of Resolver*Risk 5.2 demonstrates BPS Resolver’s ongoing commitment to product enhancement.

Resolver*Risk now enables users to export file attachments en masse, using a new “Generate Zip File” feature within Hierarchical Reports, enabling the delivery of evidence to external parties such as external auditors or regulators.

In addition, the existing set of functions has been expanded to include a number of logical functions. Functions like IF, CHOOSE and LOOKUP can now be used to create advanced logic in calculations of values in the application.

Other beneficial additions include:
• Ability to easily clear values entered into the application
• Expanded legends available on home page pie charts
• Completion Reminder information now editable by non-admin users
• Role information now optional in Hierarchical Reports
• All newly created test items are Framework Items
• Customers using LDAP integration can now include external users in the application

“With the release of Resolver*Risk 5.2, BPS Resolver is exhibiting a dedication to continually enhance our clients’ risk and compliance management processes,” said Phil Obendorf, VP Product Development, BPS Resolver Inc.

The release includes significant new developments that allow users to complete tasks with great efficiency. “The high degree of usability and innovative reporting capabilities are most often cited as the reason companies choose Resolver*Risk over the competition,” said Steve Taylor, President of BPS Resolver Inc.

About BPS Resolver Inc.

BPS Resolver products are purchased by companies that have material exposure to failures in legislative compliance, shareholder assurance and long term sustainability. We make it simple for companies to effectively mobilize people 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. 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.

For further information, please contact:
Elaine Buzma
Marketing Manager, BPS Resolver Inc.
Tel: (416) 622-2299 x 306
E-mail: elaine.buzma@bpsresolver.com
Website: www.bpsresolver.com