Transforming Risk Management: DATEV Optimizes Operations with BIC GRC

BIC GRC proves to be a pivotal tool for us. The transition to an all-encompassing, integrated GRC solution has not only enhanced efficiency but also strengthened DATEV's strategic and risk-oriented financial management.

Claudia Maron Head of Strategic Controlling & Risk Management

Industry

IT Services

Headquarters

Nuremberg

Employees

8,900

Challenge

In the past, DATEV used qualitative heatmaps to assess risks. The goal was to find a more reliable, quantifiable approach to assessing risks, integrate risk considerations into key decision-making processes, and reach a new milestone in corporate governance. Specific requirements included:

  • Managing all governance, risk, and compliance tasks in one system
  • Integrating risk management into the organizational workflow
  • Implementing a quantitative risk assessment model
  • Early identification of risks and operational business control

Solution

With BIC GRC, DATEV has been able to fully replace heatmaps with risk quantification methods, enabling the aggregation of individual risks and the determination of risk capacity. As a result, the board and management now have a clear understanding of the company's risks, helping them make informed decisions on how to further reduce them. Additionally, the new evaluation method can be integrated into developing new business strategies and products. Benefits include:

  • One software functioning as a central hub for all GRC-related operations (currently implemented are risk management, data protection, and information security).
  • Quantitative scenario analyses with up to 1 million iterations
  • Availability of multiple distributions to represent potential risk impact
  • Company-wide integration of risk aspects into key decision-making processes

Key Highlights

  • Enhanced corporate governance through the utilization of risk quantification results
  • Improved risk visibility and inclusion in strategic decision-making
  • Empowerment to maintain the highest privacy and compliance standards

Inisghts from Our User Conference for GRC

In their presentation at the User Conference for GRC, Simon Hein and Elena Schwab demonstrated how DATEV eG enhances its corporate management with customized risk management using BIC GRC. They also explained how powerful simulation tools provide complete transparency in managing risks and opportunities. (video available in German)

Discover More Inspiring Success Stories

Success Story
Rolls-Royce Power Systems
" "

Rolls-Royce Power Systems uses BIC Internal Control to manage process risks and efficiently connect global and local control levels.

Success Story
Deutscher Sparkassenverlag

The DSV Group relies on the integrated software platform BIC to dovetail the disciplines of Information Security, Risk Management and Control Management.

Success Story
MSIG Insurance Europe

With BIC Platform, MSIGEU has created an audit-proof process management for its business processes that are subject to significant risks.

Expand your knowledge with our e-learnings on BPM & GRC.

To the GBTEC Learning Hub