Sword’s Flexible Framework and Strong Usability Are Key
(RIVERWOODS, ILL., September 22, 2009) – CCH Sword, a leading developer and supplier of enterprise risk control solutions and a part of CCH, a Wolters Kluwer business, has been positioned by Celent as a notable contender in the Enterprise Operational Risk Management, Compliance, and Governance Solutions report. The report, issued on September 1, 2009, provides an in-depth analysis of 12 vendors and their governance, operational risk and compliance (GORC) solutions. Vendors are ranked using Celent’s ABCD analysis framework, which at a glance shows the relative positions of each vendor in four categories: advanced technology, breadth of functionality, customer base and depth of client services.
CCH Sword “boasts a flexible framework and strong usability that allows firms to cater to requirements for various lines of business and divisions, yet retain an integrated framework,” the Celent report states.
“We believe the report captures precisely the benefits CCH Sword delivers to our clients in terms of flexibility, individualization and integration, and we are very pleased that the industry has recognized this as well,” said CCH Sword Managing Director Seamus O’Farrell.
CCH Sword provides organizations with a configurable system for measuring, monitoring and managing operational risk and compliance. The Sword platform’s flexible framework allows for the identification and classification of individual risks, and includes integrated tools for the measurement and monitoring of risk levels, as well as easy-to-use reporting and workflow functions which assist in the management of risk across the entire organization.
CCH Sword’s position in the Celent report continues its momentum of significant achievements in 2009, including:
- Selection of CCH Sword as the platform for ORIC (the Operational Risk Consortium), the operational loss database managed by the Association of British Insurers.
- Integration with the leading audit management solution, CCH TeamMate.
- Launch of CCH Sword Essential, a pre-configured risk management solution for small and mid-tier banks, asset managers and insurers.
- The upcoming October launch of Wiz® Compass, a risk management solution for community, regional and national banks in the United States; Wiz Compass is powered by Sword with pre-configured compliance content that includes lending, deposit, privacy and anti-money laundering/Bank Secrecy Act regulations.
About CCH Sword
CCH Sword, based in Dublin, Ireland, is a part of CCH, a Wolters Kluwer business. It serves over 3,000 users in Europe, North America and Asia Pacific, with enterprise risk management (ERM) software, governance, risk and compliance software and IT consulting services to provide corporations with a comprehensive view of operational risk in conjunction with audit activities. Established in 1995, CCH Sword became part of CCH, a Wolters Kluwer business in 2008 and was renamed from Ci3 to CCH Sword.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of best-of-breed audit, risk and compliance software, information and services to organizations of all sizes. CCH delivers specialized solutions, integrating authoritative regulatory and compliance content and award-winning software tools.
CCH solutions can be used independently or leveraged together to maximize compliance and operational efficiencies and minimize risk. Its solutions include CCH TeamMate for internal audit management; CCH Sword for operational risk management; and Axentis and ComplyTrack for compliance. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of €3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.