Fast regulatory compliance and millions in cost savings achieved using ARIS
公司规模
Large Corporate
地区
- Europe
国家
- Germany
产品
- ARIS
- ARIS Risk & Compliance Manager
- ARIS Architect
- ARIS Designer
技术栈
- Microsoft Excel
实施规模
- Enterprise-wide Deployment
影响指标
- Cost Savings
- Productivity Improvements
- Customer Satisfaction
技术
- 应用基础设施与中间件 - 数据交换与集成
- 分析与建模 - 过程分析
适用行业
- 金融与保险
适用功能
- 商业运营
用例
- 监管合规监控
- 过程控制与优化
服务
- 系统集成
- 软件设计与工程服务
关于客户
The W&W Group is a Stuttgart-headquartered company that was formed in 1999 from the merger of long-established firms Wüstenrot and Württembergische. The company operates in the financial services sector, providing a one-stop source for all their customers’ financial service needs. W&W is known as 'the financial specialist' for building wealth, home ownership, and providing comprehensive financial and risk protection. The company has over 6 million customers and operates with the help of 6,000 field service partners. W&W's business model is built on the principles of consistent and comprehensive risk management.
挑战
W&W Group, a financial services provider, was facing challenges with its Internal Control System (ICS). The existing ICS was not able to support the company's high standards for risk management and was making it difficult for them to comply with increasingly stringent regulatory requirements. The lack of good-quality documentation and a process-related overview of risks increased the chances of shortcomings in their process controls and risk assessments. The company needed to standardize their alert and escalation management processes and provide status reports on the performance of the ICS itself to meet new German regulatory requirements.
解决方案
W&W Group decided to redesign its ICS based on the ARIS Platform, using Software AG's solution for Governance, Risk & Compliance (GRC) Management as the foundation. The new ICS incorporated innovative requirements for automated, workflow-based risk management, enabling the company to link people across the organization with relevant company-wide data for activities, controls, and risk management. The ARIS solution for GRC was implemented quickly and accurately, providing comprehensive coverage over risk management tasks and controls. The solution also automated many previously manual ICS tasks, such as document handling and agreements on controls, saving the company around €2.5 million annually.
运营影响
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