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Control of the Risk Management Environment

A major German automaker uses a cplace solution for the digital transformation of its risk management across all brands.

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Control of the risk management environment

Challenge

No active enterprise can avoid risks entirely. Large multi-brand organizations in particular depend on systems ensuring the greatest possible transparency into their risk management. However, in many cases risk management is distributed across many separate control systems. Working with isolated Excel lists hampers efficient communication and prevents controlled data sharing. It gets in the way of transparency and well-coordinated risk mitigation.

cplace Solution

A major German automaker uses a cplace solution for the digital transformation of its risk management across all brands. The cplace solution reflects all risk management systems used throughout the enterprise in one central, transparent tool. It has enabled the company to replace its highly unproductive legacy Excel lists with efficient, enterprise-wide communication and data sharing functionalities. Today it is no longer necessary for employees to compile reports manually in a time-consuming process. Rather, reports can be extracted by the click of a button.

Highlights

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Management of imminent risks

Management of risks during the current quarter

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Governance, Risk & Compliance (GRC)

Systemic risk management for recurring risks

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Business Continuity Management (BCM)

Business continuity management in crisis situations

Project Milestones

2016

Kickoff

Start of implementation of a systemic risk management system.

2017

Deployment of the basic solution

The solution is deployed at the company which then begins implementing an internal control system.

2018

Extensions

The system is expanded to include business continuity management functionality.

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