Datricks' data-driven solutions for automated risk detection and mitigation help you implement and automate internal controls across business processes and accelerate business transformation.
New York, March 20, 2024–(BUSINIRE)–Datricks has secured FORVIA HELLA, an international automotive supplier and member of the FORVIA Group, as a new customer. This strategic collaboration, leveraging the SAP Signavio portfolio, demonstrates his Datricks commitment to providing cutting-edge, data-driven risk detection and mitigation solutions. FORVIA HELLA's initiative to automate internal controls drives business transformation, increases transparency, and significantly reduces audit efforts.
SAP Signavio is the leading solution suite in the business process transformation space. We help organizations transform in an agile and holistic way by performing process analysis and mining, modeling processes and journeys, establishing governance, and automating execution. Datricks' solution, which integrates with the SAP Signavio suite, enables FORVIA HELLA to work with the company's acceleration and process transformation programs to unlock the potential of transactional integrity.
Leveraging integration with SAP Signavio, Datricks' solution enables FORVIA HELLA to automate risk identification and mitigation across processes and source systems, providing comprehensive insight into risk posture and process weaknesses. This enables automated control integration, control monitoring, and alerting on emerging risks. Risks and controls are identified by Datricks, pushed to the SAP Signavio Process Manager dictionary, and attached to the process during modeling. Evaluate the effectiveness of controls and processes over time and facilitate proactive risk management.
said Heiko Laessig, Vice President of Risk, Internal Controls and Process Management at FORVIA HELLA. “We are confident that this solution will help us identify and mitigate risks, improve processes, and ultimately achieve business goals more efficiently, and we are already seeing it.”
Roy Rozenblum, co-founder and CTO of Datricks, said: “Following a successful proof-of-concept, we were able to automatically find important insights and alerts about risks in our trading processes within days. As a result, we automated mitigation controls and Datricks was able to continuously improve and protect We are continuously monitoring his FORVIA HELLA process.”
“Our partnership with Datricks is a valuable one, providing customers with an end-to-end solution that integrates with the SAP Signavio portfolio and enables risk mining and process management for financial businesses supporting both internal controls and process transformation. “, says Manuel Taechl. – Product Lead, SAP Signavio. “This solution provides added value for business transformation.”
About Datrix
Datricks Risk Mining is a data-driven SaaS solution that ensures ongoing financial compliance at the click of a button. This solution is designed for finance teams who struggle to spot and control risks as they occur. Risk mining enables organizations to clarify business processes and controls, quickly adapt to evolving internal and external environments, and impact the bottom line of the business.
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