Case Studies

Global Diversified Miner​

The Challenge

• Maintain a central repository of risk and control matrices and Process maps​
• Remove administrative burden associated with managing a myriad of spreadsheets​
• Embed ownership and accountability for controls across the organisation​
• Introduce capability to track control execution​
• Increase ease and transparency of reporting on control execution and testing

The Solution

• Seamlessly links processes, risks and controls​
• Process maps linking directly to the controls framework​
• Ability to assign ownership at a framework and monitoring level (including controls testing and remediation action tracking)​
• Audit trail of all changes made to the controls framework​
• Integrated workflow for control execution, control testing and remediation​
• Real-time dashboard reporting for each area, including filtering to create bespoke reports and the ability to drill down into data

The Outcome

• Single source of the truth for the control framework and process maps, removing the need for a myriad of spreadsheets and Visio maps​
• Increased efficiency to meet SOx requirements with easy monitoring of control testing and remediation follow up ​
• Ownership for all areas of the control framework and testing ensures individuals are accountable​
• Reduces administrative burden of tracking items to completion and compiling MI, freeing up management time for value add activities