Implementing Workiva’s GRC Suite
Project overview and objectives
One multi-national staffing organization with a presence in over 70 countries approached us seeking greater visibility to proactively identify, track, and assess risk. Without a way to issue audit reports in a streamlined manner, audit efficiency was low, requiring significant effort to create reports and compile their data.
Enter Workiva and Clearsulting.
What we did
Like any successful project, alignment is key—so Clearsulting worked closely with senior stakeholders to ensure buy-in for the Governance, Risk, and Compliance (GRC) Suite with an extensive proof of concept. After conducting a holistic review of internal audit workflows, we tailored the solution to their processes, making best practice recommendations along the way and helping them adapt to Workiva while maximizing system ROI.
After several rounds of pre-build and post-build testing, they were ready to go live.
Impact
Workiva helped transform the Risk and Controls Matrix of this organization by:
- Taking controls testing activities out of Excel and into the platform—saving an estimated 2-3 hours per test of control
- Leaning on Workiva’s robust reporting capabilities to enable comprehensive data views
- Transforming over 200 quarterly risk assessments into automated Workiva checklists—removing the need for manual email follow up and Excel document reviews
- Streamlining testing and remediation, supplemented by custom-configured standard, special, and audit committee presentations that established an automated data flow to populate reports, eliminating the need for manual data gathering and report creation
Learn more about how Clearsulting can support your Workiva GRC Suite implementation.