How did the Laser Internal Control Manager help a Leading Specialty Chemical Company
How did the Laser Internal Control Manager help a Leading Specialty Chemical Company
Problem Statement
As one of the world's leading specialty chemical companies, the company contributes to value creation with innovative and sustainable solutions for customers from many industries. Effectively monitoring the Financial Controls across 17 countries was an impossible task. No real-time status of the controls was available to top management.
The Solutions
Centralized Repository of Controls:
A complete repository of controls across locations can be created.
Centralized Repository of Controls:
A complete repository of controls across locations can be created.
Centralized Repository of Controls:
A complete repository of controls across locations can be created.
Continuous Monitoring & Alerts:
Live updates and insights for tracking the progress of the action plan for failed controls.
Continuous Monitoring & Alerts:
Live updates and insights for tracking the progress of the action plan for failed controls.
Continuous Monitoring & Alerts:
Live updates and insights for tracking the progress of the action plan for failed controls.
Maker-Checker Mechanism:
Ensures structured approval for changes, maintaining integrity and accountability.
Maker-Checker Mechanism:
Ensures structured approval for changes, maintaining integrity and accountability.
Maker-Checker Mechanism:
Ensures structured approval for changes, maintaining integrity and accountability.
COSO & IIA Compliance:
Brings teams and management together with defined roles for streamlined collaboration.
COSO & IIA Compliance:
Brings teams and management together with defined roles for streamlined collaboration.
COSO & IIA Compliance:
Brings teams and management together with defined roles for streamlined collaboration.
The Outcome
As one of the world's leading specialty chemical companies, the company contributes to value creation with innovative and sustainable solutions for customers from many industries. Effectively monitoring the Financial Controls across 17 countries was an impossible task. No real-time status of the controls was available to top management.
100%
Improvement in internal control management efficiency
100%
Improvement in internal control management efficiency
100%
Improvement in internal control management efficiency
80%
Savings in resource allocation for controls testing
80%
Savings in resource allocation for controls testing
80%
Savings in resource allocation for controls testing
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
