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TopClass Compliance - A robust, defensible, audit-ready compliance training system

Dublin, Ireland - July 16th, 2003 - WBT Systems, a leader in Enterprise e-Learning Solutions, today announced the launch of a suite of products and services designed to lower costs, reduce risk and ensure compliance within regulated industries such as Financial Services, Healthcare and Pharmaceuticals. The flagship product in this new solution is TopClass Compliance, which is built on the award winning TopClass e-Learning Suite.

"Companies are incurring ever increasing oversight from their regulators, and this has led to a huge training burden, which companies have no option but to deliver," commented Declan Kelly, CEO of WBT Systems. "Using traditional training methods which are slow and expensive most organisations simply do not have the capacity to meet this demand, along with the other training needs of the business. For some time now, regulatory compliance training has been identified as suitable for electronic delivery, but WBT Systems is the first company to develop a suite of functionality and services specifically to meet this need."

Using TopClass Compliance, organisations will be able to:

• Integrate compliance skills with the company's skills planning & performance management functions
• View a "Digital Dashboard" that will report on demand any individual, department or organisational skills gap by regulatory body
• Plan training and recruitment resources around compliance skill requirements
• Have automated notifications to remind individuals, compliance officers and line managers of upcoming and overdue compliance training obligations
• Have a complete audit trail of all training information available on-demand in the event of an audit.

A key component of the TopClass Compliance Solution is the TopClass Compliance Training Lifecycle Model, a framework for the implementation of a training management system for regulated industries. Based on this, the company now offers CIARA - the Compliance Infrastructure Audit Readiness Assessment, a 2-day rapid intervention designed to identify any gaps in current systems and processes so that any remedies are targeted where they are needed most.

According to Duncan Lennox, CTO, WBT Systems, "These functions, combined with the industry leading LMS and LCMS functionality of the TopClass e-Learning Suite, mean that for the first time, organisations have a solution that manages the full compliance training lifecycle." He continued, "TopClass Compliance is the product of many years experience building solutions for major corporations in regulated industries. We recognised that the 'run of the mill' LMS does not offer the level of control and management that is increasingly required, and we are delighted now to offer this powerful solution to fill this gap."

Credit Suisse is one of the many customers using the TopClass e-Learning Suite to deliver compliance training, with a learner population of more than 50,000 employees. "We chose WBT Systems because of their understanding of our business. The commercial, competitive and regulatory environment that we play in is very complex and WBT Systems understand this. They are helping us to respond to these challenges with innovative solutions to cut costs and improve efficiency,” said Anthony Cerquone, Head of Talent Development and Leadership Technology, Credit Suisse Financial Services.

For more information about TopClass Compliance visit www.wbtsystems.com/products/compliance. More details on CIARA and the Compliance Lifecycle Model are available on www.wbtsystems.com/solutions/ciara.

TopClass Compliance Features

As part of its comprehensive compliance lifecycle management support, TopClass Compliance will incorporate the following additional functionality:

• Regulatory Body Management – Define one or more regulatory compliance authorities relevant to the organisation. In addition to defining information on the regulatory authority such as identifying your organisation’s in-house expert, link each authority to competencies, skills and certification requirements.
• Automatic Training History Audit Trail – Automatically records all key learner events to a secure audit trail. Define event types to be recorded including course enrollments and completions (classroom, online and blended), test results, updates to competencies, skills, certifications and more. Browsable by learners, managers, compliance officers and administrators. TopClass Compliance also allows legacy training records to be imported and all data is independent of class enrollments.
• Certification Rules Engine – Define comprehensive rules to trigger updates to training history, learner skills profile and course progress indicator. Completion may be determined, for example, by pass or fail of a test and/or percentage of course read and/or specific pages read.
• Notification & Reminders - TopClass Compliance includes a rules-driven notification engine which enables competencies to be assigned to students with target completion dates. Automatic notifications of pending expiry dates are sent to learners with escalation to Managers / Compliance Officer if the learner fails to re-certify.
• Compliance Reporting - TopClass Compliance incorporates industry specific reports critical to training management in regulated industries. Compliance Officer reports include compliance by employee, competency, job role and regulatory body. Manager reports include compliance by department, upcoming compliance by department, employee skills profile and employee training history.

Early Adopter Programme

WBT Systems also announced an Early Adopter Program for companies who wish to avail of TopClass Compliance prior to its full release in Q4 2003. To join the TopClass Compliance Early Adopter Program or for more information please send your name, company name and contact details to eap@wbtsystems.com.

About WBT Systems

WBT Systems is one of the leading providers of Enterprise e-Learning Solutions in the world. WBT Systems' TopClass e-Learning Suite™ enables the rapid creation, deployment, and management of knowledge delivery across the enterprise. It is a robust, easily deployed, web-based Learning platform with over two million users worldwide. Our implementation experience spans a variety of industries, including financial services, healthcare, government, and pharmaceuticals, across blue chip companies such as Alexander Forbes, Allergan, Basler Insurance, Belgacom, Credit Suisse, Danish Confederation of Trade Unions, Diageo, Dow Chemical, Eurocontrol, Liberty Group, University of Chicago Hospitals, U.S. Department of Defense and Volvo CE.

Established in 1995, WBT Systems is the leading European owned e-Learning platform vendor in the world. With headquarters in Dublin, Ireland, WBT Systems has offices in North America based in Waltham, MA and in the UK (London) and Germany (Düsseldorf). For more information see www.wbtsystems.com.

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