Review of the webinar with HUGO BOSS
HUGO BOSS is considered one of the leading companies in the upper premium segment of the global clothing market.
In line with their corporate strategy of being customer-centric, dynamic & data-driven, HUGO Boss Internal Audit strives to achieve this strategic benchmark. As a Trusted Advisor, the audit team aims to create added value for the departments with their work outside of the audit process.
Internal Audit quickly realised that achieving its corporate strategy, however, could not be guaranteed on the basis of Excel spreadsheets and random sampling. Hurdles such as character limits in Excel, runtime errors in SAP, limited storage capacities or a high time expenditure for manual activities limited the achievement of objectives.
In cooperation with dab: Daten - Analysen und Beratung GmbH, HUGO BOSS now relies on Galvanize's integrated GRC platform HighBond in the course of its audit activities. Supported by the server-based data analysis software ACL Robotics, the extraction and analysis of the required data from SAP is not only automated, but also provides the audit team with relevant insights into the background of the audit results and shows possible cash recovery potentials.
HUGO BOSS uses as example the use case of clients cash discount to demonstrate the individual stages and successes of the audit revolution with HighBond. Documentation and visualisation of the reasons for unauthorised cash discount deductions as well as automated emailing to the clients can now take place centrally - without media breaks - on one platform.
We have recorded the webinar for you in order to make HUGO BOSS' experience available to you at any time. You can download the video of the german webinar under the following link.