Company Announces Cross-Industry Go-to-Market Strategy
MCLEAN, Va.--BearingPoint, Inc. (NYSE:BE), one of the world’s
largest management and technology consulting firms, today announced its
first global and cross-industry portfolio of solutions –
the BearingPoint Risk, Compliance and Security (RCS) Solution Suite.
BearingPoint helps clients become “risk-sensitive
enterprises” by working with them to
proactively detect and manage potential threats before they can impact
their business. The integrated RCS portfolio demonstrates BearingPoint’s
ability to scale and deliver the full breadth of its global
capabilities--from strategy development to systems deployment and
management.
The introduction of a cross-industry portfolio represents a new
go-to-market approach for BearingPoint, maximizing the skill, experience
and innovation of its 6,000 consultants with risk, compliance and
security experience and capabilities across vertical industries in 75
countries. In addition, the RCS Solution Suite gives BearingPoint the
ability to deliver its integrated portfolio of services more rapidly and
broadly around the world, with the flexibility to tailor its risk,
compliance and security services to address the unique needs of each
individual client.
“By developing, selling and delivering an
integrated risk, compliance and security portfolio, we can leverage the
full breadth and depth of our capabilities to better serve all of our
clients--regardless of their industry or location across the world,”
said J.R. Reagan, managing director and BearingPoint’s
global solution leader for Risk, Compliance and Security. “This
approach strengthens our competitive position and allows us to invest in
our best ideas and biggest opportunities, and scale them more broadly.”
According to a recent survey of chief information officers by IDG
Research Services, nearly 40 percent of the firms said they are spending
more time on RCS-related activities than they did a year ago. And, more
than 40 percent said their greatest challenge in this area is
prioritizing and measuring potential risks. The
BearingPoint-commissioned survey found that the next greatest challenge
is defining a risk, compliance and security strategy.
As a result, the BearingPoint RCS Solution Suite features:
-
Risk services that span specialty risk solutions for specific business
areas, including credit, operational and market risk, to broad
regulatory program solutions that help clients comply with risk
management regulations;
-
Compliance solutions that address financial and accounting
regulations, privacy and contracting processes, and customer
compliance; and
-
Security services, including information security and identity
management, leveraging technologies such as radio frequency
identification (RFID) and biometrics.
Recently, BearingPoint began work with the U.S. Census Bureau on a risk
assessment of its Longitudinal Employer-Household Dynamics (LEHD)
system, one of the agency’s major statistical
and computing systems. The LEHD system combines and extrapolates data
from numerous sources - including local, state and federal organizations
- on employers and employees to predict and provide employment trends
and data.
“Information integrity and security are of
paramount importance to us,” said Richard W.
Swartz, associate director for Information Technology & CIO, U.S. Census
Bureau. “Because we must protect the
confidentiality of the people and firms that provide data for our
surveys, it is critical that we can proactively identify, measure,
monitor and mitigate risk for any important system.”
Even the most conservative organizations face security threats,
financial risks, operational challenges, regulatory hurdles and
compliance issues. Rather than viewing this as a threat, BearingPoint
believes that a strategic and consistent risk, compliance and security
management program can give organizations a sustainable competitive
advantage over those that fail to effectively manage risk.
“BearingPoint has done well to develop strong
risk consulting capabilities, and its deep technology experience is a
key differentiator over many of the other top firms in this space,”
according to The Forrester Wave: Risk Consulting Services, Q2 June 2007
Report. “Overall, the company scored very
well for its ability to deliver organizational and process design as
well as technology development and systems integration,”
the report said.
BearingPoint offers a comprehensive set of services aimed at designing,
building and integrating risk, compliance and security directly into
business processes and systems. Last year alone, the company performed
more than 1,900 RCS-related projects and delivers the entire spectrum of
solutions, from risk frameworks, governance, operations and compliance,
to technologies, data analytics, system integration and change
management. For more information about the BearingPoint Risk, Compliance
and Security (RCS) Solution Suite, please visit: www.bearingpoint.com/risk
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of
management and technology consulting services to Global 2000 companies
and government organizations in 60 countries worldwide. Based in McLean,
Va., the firm has more than 17,000 employees focusing on the Public
Services, Financial Services and Commercial Services industries.
BearingPoint professionals have built a reputation for knowing what it
takes to help clients achieve their goals, and working closely with them
to get the job done. Our service offerings are designed to help our
clients generate revenue, increase cost-effectiveness, manage regulatory
compliance, integrate information and transition to “next-generation”
technology. For more information, visit the company's Web site at www.BearingPoint.com.
Some of the statements in this press release constitute “forward-looking
statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
statements are based on our current expectations, estimates and
projections. Words such as “will,”
“expects,” “believes”
and similar expressions are used to identify these forward-looking
statements. These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Forward-looking statements
are based upon assumptions as to future events or our future financial
performance that may not prove to be accurate. Actual outcomes and
results may differ materially from what is expressed or forecast in
these forward-looking statements. As a result, these statements speak
only as of the date they were made, and the Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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