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Wynyard Group sees momentum in the Middle East with UAE win

Media release

Wynyard Group sees momentum in the Middle East with latest UAE win

Galadari Brothers adopts Wynyard risk solution

AUCKLAND, 26 November 2013 - Wynyard Group (NZX:WYN), a leading provider of threat assessment and advanced crime analytics software announced a new client partnership with Galadari Brothers - a leading UAE business conglomerate with growing business interests in the Gulf Cooperation Council, Asia and Australia.

The Galadari Brothers Group of Companies, which operates in sectors including retail, automobiles, heavy equipment, industrial trading, media, engineering, hospitality and real estate, has selected Wynyard software to manage audit, risk and compliance. 

Building on Wynyard’s fast-growing Middle East customer-base, the deal follows a number of other recent wins for Wynyard among local businesses attracted by Wynyard’s commitment to understanding their challenges and ability to rapidly deliver modular, easy-to-use solutions.

Group Internal Audit Head at Galadari Brothers, Ghassan Khair, said that internal audit management is becoming increasingly challenging, given the growing complexity and diversity of businesses, in addition to the types and frequency of audits that need to be conducted.

“Point solutions and spreadsheet-based systems are no longer suitable for effectively managing the internal audit function. Using technology is the only option to meet these challenges.

“The Chairman and Audit committee of Galadari Group recognise the need and importance of the use of technology to enhance the audit and risk management of the Group as per best practice and strongly support the initiatives of implementing the suitable system to meet these objectives.

“Wynyard’s solution will support the complete spectrum of audit and risk management in a single platform, and will automate the risk assessment and audit processes such as planning, execution, reporting, monitoring and compliance.” he concludes.

Wynyard’s risk solution is highly configurable and delivers the risk management framework to integrate audit, corporate governance and regulatory compliance management with business and strategic objectives.

Galadari Brothers evaluated other specialist risk management software before selecting Wynyard Group.

Wynyard Group Managing Director, Craig Richardson, said Galadari Brothers decision to entrust Wynyard to deliver its Audit, Risk and Compliance needs is testament to Wynyard’s ability to effectively address the challenges organisations face in managing the growing complexity of their obligations in the audit, operational risk and compliance environment.

“Wynyard has a strong track record of working in successful partnerships with its Middle East clients to deliver robust solutions that help them address the business challenges they face. 

“In every sector and market we see laws and regulations increasing and changing to better protect investors and institutions from risks, financial crime and corruption.

“Galadari Brothers is leading the way in selecting software tools to ensure best practice compliance with the laws and regulations and show transparency in corporate governance.” 

ENDS

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