MAN implements risk2value from avedos

MAN Group, one of Europe’s leading commercial vehicle and mechanical engineering groups, will replace its existing cockpit for continuous controls monitoring (CCM) with the integrated software platform risk2value (now BIC GRC Solutions) from avedos (now GBTEC).

MAN has used a system for monitoring purchase-to-pay processes since 2010 to ensure that the individual steps and cash flows comply with internal directives. Additional IT and anti-money laundering controls were added to the solution over time. After five years of operations, however, the system’s technology and functionality both had potential for improvement. MAN decided to replace its existing CCM system with a new platform to strengthen the focus on risks, improve efficiency, optimize reporting, design flexible workflows, and simplify administration. Changes to the new system should also be supported through standard configurations to reduce time-consuming coding to a minimum.

The group chose risk2value as a future-proof application that flexibly supports its long-term GRC goals, responds to changing requirements, and harmonizes with its existing internal control system. 

“The platform risk2value already fulfills a large part of the business and technical requirements at MAN in its standard functionality,” explained Jan Schreiner, Vice President – Head of GRC – Risk & Projects. The team at avedos really understood our company’s functional needs. Since the software platform risk2value is configurable, it ensures a high level of investment security. The fast, targeted project start following just a brief warm-up phase impressed us as well.”

“We are looking forward to building a successful, long-term cooperation with MAN as a partner that shares our integrated view of CCM in the framework of governance, risk and compliance”, commented Hannes Wambach, COO at avedos.

“Together with our clients, we continue to develop existing processes and structures”, added Samuel Brandstätter, CEO at avedos. “We support them on the software side with a flexible platform solution that adapts to the requirements of our clients – and not the other way around.”