HUGO BOSS is considered one of the leading companies in the upper premium segment of the global apparel 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.
In our successful partnership with Galvanize (formerly ACL), which has now been going on for almost 20 years, another important milestone was reached this year:
Essential components of the HUGO BOSS strategy are, on the one hand, customer centricity and, on the other, that decisions are made quickly and based on data. What comes out of applying this approach to the work of internal auditing?
With our solution the dab: Exporter we do not only want to give our customers an easy way to their data. Our technology should integrate smoothly with all SAP solutions and give our users a good feeling about security and quality requirements.
Today's blog post is a guest contribution by our long-time companion in data analysis, Mr. Ernst-Rudolf Töller. Mr. Töller worked as an IT auditor for auditing companies for more than 25 years, during which time he was deeply involved in data analytics issues. He worked for BDO AG, Hamburg until his retirement at the end of February 2016 and has since been in active retirement. During his work as a "data scientist", he was involved in audits of annual financial statements as well as in investigations of fraudulent acts or projects to support internal auditing. His focus was and still is on mathematical-statistical models for data analysis as well as their implementation with programs such as ACL and WINIdea.
Why data analysis? Which resources and tools are necessary for this? For what is DataConsulting the right partner? So many questions at the same time - After the webinar from our long-term sales partner DataConsulting on 21st May 2021, you will certainly have the right answers ready.
We clear up prejudices. Some fear that as a result of automating process flows, jobs could become obsolete. The opposite is true: automation will lead to transformation in Audit & GRC, but to the benefit of your employees.
After the break due to the turn of the year, we would like to welcome you to the New Year in this post as well, and give you a little preview of what you can expect from us in 2021.
We used the time between the years to take a breath, and the January to prepare for a new and exciting year.
By the way: For a preparatory insight into the background of the solution presented there, you are also welcome to take a look at the blog post of our colleague Luiza, who has summarized some aspects here that are also the basis of the aforementioned webinar.
s organizations move into an increasingly complex business environment, there is growing pressure on internal audit teams to adapt to new priorities and ways of working, and to deliver real-time insights into the organization's biggest risks and opportunities. Many audit departments often still struggle with a variety of decentralized tools and file repositories. In the digital age, however, that's long gone!