Aon Corporation, a provider of risk management services, insurance and reinsurance brokerage, and human capital consulting, has chosen governance, risk and compliance management software provider, BWise, as its global GRC Platform.

In searching for a product that could meet the firm’s requirements, Aon was looking for a GRC platform that would meet the goals of both the Sarbanes-Oxley management and IT Risk Management departments at Aon. The company said it plans to integrate its SOX compliance and global Information Security policies and procedures first. The BWise GRC platform allows Aon to "efficiently and economically support, converge and streamline several of these corporate programs and initiatives," said Alfred Jongejan, director of corporate finance at Aon.

Aon uses a risk-based approach to manage its control framework. This framework varies by business line and financial accounts, leading to eventual financial statement materiality scoping for the firm, which was an important consideration while looking for a technology solution. Aon’s management throughout the organization will use BWise to perform control testing and to review and assess those same control tests.