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Darmstadt, Germany, 11/8/2016
Software AG (Frankfurt TecDAX: SOW) today announced that Netherlands-based outsourcing service provider Schuberg Philis is using its Digital Business Platform to develop a real-time business performance and risk and compliance audit system. Schuberg Philis already guarantees 100% system and application availability to clients and is enhancing this industry leading service performance with real-time audit, assurance and activity monitoring for 100% service compliance.
For Schuberg Philis it is essential to provide total transparency on how it manages and controls the processes that support its clients’ mission critical applications and systems. This transparency also extends to the management and control of the risks associated with these processes. With Software AG’s Digital Business Platform, Schuberg Philis will now be able to continuously monitor, in real-time, both business process performance and KPIs but also risk and compliance performance, providing continuous assurance to customers and auditors. It is with this real-time visibility of compliance controls that Schuberg Philis can extend its “100% promise” of quality and transparency to risk.
Janot van Wegen, Risk Officer at Schuberg Philis, said: “Software AG was our first choice given their deep GRC experience and strong, customer-centric vision on the evolution of enterprise applications and digital transformation.”
Schuberg Philis’s Digital Business Platform implementation will be executed in two phases. The current phase focuses on replacing the existing GRC technology with Software AG’s ARIS Governance, Risk & Compliance Management Solution. As part of this, the company will introduce automated workflows for control testing, audits, action management and deploy a monitoring dashboard for both internal and external stakeholders including Schuberg Philis’s management, customers and clients’ auditors.
The second phase will wrap-in fully-automated, real-time analytics capabilities using Software AG’s Apama Streaming Analytics to monitor compliance controls continuously. For Schuberg Philis, this is where the real benefits are expected. Real-time, continuous monitoring of key controls will result in better assurance, reduced effort and overhead and instant availability of audit trails to all stakeholders.
Sandeep Gangaram Panday, Audit Manager at Schuberg Philis added: “We want to gain value from our audits instantly and aid our customer teams at the moment the information is relevant, not weeks later. Too often auditors fail in properly communicating audit and risk management results to stakeholders. Our goal with this project is to build a robust, visual tool that provides an attractive user experience and increases the added value of audit results with a stakeholder-centric approach.”
Michiel Jorna, Global Director of GRC Solutions at Software AG, commented: "The possibilities open by real-time risk and compliance as a result of digitalization is rapidly changing the industry. Software AG is playing a key role in enabling organizations to differentiate themselves and innovate in this new digital area. The maturity of internal control is exceptionally high at Schuberg Philis and this incredibly solid foundation has enabled them to now implement leading-edge, real-time assurance. We look forward to our co-innovation in creating the internal control and audit system of the future, today.”
This implementation is being executed in partnership with Software AG and PwC.
For more information about this press release, please contact:
Paul Heere, Schuberg Philis
+31 (0)6 532 33 183
About Schuberg Philis
Schuberg Philis is an IT partner that focuses exclusively on the development and orchestration of the application infrastructures that are vitally important for organizations and society. Self-steering teams of experts with a broad authorization work with customers and partners to find solutions for the most complex IT challenges. Their work enables customers to innovate continuously and to seize new opportunities in a rapidly changing environment.
In 2015, our 195 colleagues achieved a turnover of €51 million. Our customers include Rabobank International Direct Banking, Eneco Energy Trade, Jumbo, Air France-KLM, BKWI, Loodswezen (marine pilotage), ING, ASR the Netherlands (insurance), ACTIAM (asset management), MoneYou, LeasePlan Bank, Hartwig Medical Foundation and Achmea Investment Management. www.schubergphilis.com
About Software AG
The digital transformation is changing enterprise IT landscapes from inflexible application silos to modern software platform-driven IT architectures which deliver the openness, speed and agility needed to enable the digital real-time enterprise.
Software AG offers the first end-to-end Digital Business Platform, based on open standards, with integration, process management, in-memory data, adaptive application development, real-time analytics and enterprise architecture management as core building blocks. The modular platform allows users to develop the next generation of application systems to build their digital future, today.
With over 45 years of customer-centric innovation, Software AG is ranked as a leader in many innovative and digital technology categories. Software AG has more than 4,300 employees, is active in 70 countries and had revenues of €873 million in 2015.
Learn more at www.softwareag.com.
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