Technology solution adopted: ARIS Governance Risk & Compliance (GRC) Platform
Have a solution that helps the organization and control functions manage their activities in a standardized and automated way, ensuring traceability, transparency, and easy access to information for the entire organization.
Have a solution that helps the organization and control functions manage their activities in a standardized and automated way, ensuring traceability, transparency, and easy access to information for the entire organization.
After equipping itself with the GRC platform to make the Internal Control System more effective and efficient, Sparkasse activated the “Online document” module fully integrated with the ARCM functionalities, meeting the advanced reporting needs of the Control Functions.
The module enabled the automatic production of summary and analytical reports with evidence and data from activities carried out, optimizing reporting to internal bodies and the Supervisory Board. This initiative is part of a broader project developed by IMC Group on the ARIS platform to manage processes, audits, risks, and controls in an integrated manner.
The intervention digitalized and automated the Control Functions’ activities, improving efficiency, traceability, and transparency. BPM was implemented for process mapping, over 100 Line Controls were robotized, Risk Self Assessment and Loss Data Collection were managed, regulatory alert systems and modules for continuous compliance and risk monitoring were introduced, as well as tools for managing Essential Functions according to EBA requirements.
The results achieved include standardization and automation of critical activities, greater operational efficiency, reduced risk of human error, and strengthened governance, with secure information management, regulatory compliance, and simplified reporting.
This approach made Sparkasse more efficient, transparent, and secure in its organizational and control functions.
