Re: Altium Capital
March 09 2009 - 3:01AM
RNS Non-Regulatory
TIDMBCT
Business Control Solutions Grp PLC
09 March 2009
?
Altium Capital selects BCS OCA to manage operational risk & control
London, 9 March, 2009 - Business Control Solutions (AIM: BCT.L), provider of
management consultancy services and operational control software to the
financial services sector, today announced that Altium Capital, a leading
European investment banking group, has selected the BCS Operational Control
Architecture(TM) (OCA) to provide a corporate-wide operational risk and control
framework. BCS OCA will be deployed immediately to drive transparency and
accountability across its London headquarters, while also reducing the cost of
achieving effective control.
Altium's control culture was previously based on Microsoft Office products and a
number of manual processes. It chose the BCS OCA software due to its ability to
support senior management by delivering a comprehensive overview of the firm's
operational health and compliance. The solution's ability to scale in size was
also a crucial factor for Altium, which will use it to measure, monitor and
manage operational risk and control. BCS OCA will initially be deployed in the
finance department at Altium.
Cameron Small, CFO at Altium, said: "We chose BCS OCA because it was the best
available solution to enable us to further improve our operational control
reporting. Using this system, we'll be able to monitor control hotspots, manage
communications up and down the management chain, and ensure immediate response
to any issues that arise."
BCS OCA captures control certifications, key performance and risk metrics, as
well as loss events and near misses. By consolidating this information across
departments, it then delivers an instant measure of operational control and
regulatory compliance. It also provides a number of other benefits to Altium,
including:
* Monitoring control hotspots and highlighting issues as they develop for
immediate response;
* Demonstrating process management and active day-to-day control;
* Cutting the paper/manual effort out of process management;
* Aiding with regulatory compliance, such as the FSA's Advanced Risk Response
Operating Framework;
* Providing instant access to management information;
* A non-invasive approach that integrates seamlessly with Altium Capital's line
functions.
"We are pleased to be working with Altium and contributing to the improvement of
its operations during the course of the implementation," said Mike Bush, head of
product development at BCS. "As the changing regulatory landscape becomes more
stringent, operational control should be at the forefront of every
organisation's agenda. Through this investment in technology, Altium has
demonstrated its commitment to achieving this."
- Ends -
About Altium
Altium is a leading European investment banking group operating through a
network of owned and affiliated offices. It provides a full range of investment
banking services to its corporate clients (including fundraising, M&A and
general advisory services) and to the private equity firms and public market
institutions which finance them. Its specialist sectors include technology, IT
software and services, leisure and consumer, media, industrials, infrastructure
services, speciality finance, support services and outsourcing. For more
information on Altium please visit www.altium.com.
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: +44 (0) 20 3100 3500
Email: flora.wilke@metia.com or nick.bird@metia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUUUQWWUPBGQQ
Business Control Solutions (LSE:BCT)
Historical Stock Chart
From May 2024 to Jun 2024
Business Control Solutions (LSE:BCT)
Historical Stock Chart
From Jun 2023 to Jun 2024