How a Global Automotive Manufacturer Strengthened Risk Management with IBM OpenPages

How a Global Automotive Manufacturer Strengthened Risk Management with IBM OpenPages In today s fast-paced and interconnected world, managing risks effectively is crucial for businesses, especially in industries as complex as automotive manufacturing. A prominent global automobile manufacturer, based in Detroit, recently transformed its approach to risk management by leveraging IBM OpenPages with Watson. Here's a closer look at how this solution revolutionized their processes and the benefits they reaped. The Challenge With operations spanning five continents and a workforce of 180,000, the company faced significant challenges in maintaining a unified view of risks, controls, and issues. Previously, their Audit, Risk, and Control activities were spread across four separate systems, creating silos and inefficiencies. Key issues included: Lack of real-time visibility into risks and their interdependencies. Fragmented systems that hindered collaboration between divisions. Outdated and inadequate tools for risk and control assessments. The Solution To address these challenges, the company implemented IBM OpenPages with Watson a platform designed to consolidate Audit, Risk, and Control activities into a single, shared system. The project followed an agile-like approach, allowing teams to refine their requirements and configurations in real-time.

Highlights of the Implementation: Cost-Effective Rollout: The project began with out-of-the-box pilot environments, reducing customization costs and facilitating gradual onboarding. Unified Data Platform: OpenPages enabled seamless data sharing and a standardized view of the organization s structure, enhancing collaboration between departments. Agile Process: Continuous feedback loops allowed the company to tailor the platform to meet specific business needs efficiently. The Results By unifying its systems under IBM OpenPages, the company achieved a transformative level of visibility and control: Reduced Costs: Consolidating four systems into one lowered licensing and maintenance expenses. Enhanced Consistency: Standardized processes improved alignment across departments, reducing errors and increasing efficiency. Faster Analytics: With a centralized data source, teams could analyze risks, controls, and issues more quickly and effectively. Key Takeaway This case demonstrates the power of integrating technology to gain a real-time, holistic view of risks. By adopting IBM OpenPages with Watson, the automotive manufacturer strengthened its ability to identify, assess, and mitigate potential threats, ensuring stability and safeguarding its reputation. For a detailed view of this transformation, check out the full case study here.