PULLING IN THE SAME DIRECTION element of this entire process has been getting people to believe in this journey and with so many different functionalities and areas of expertise , it does not come without its challenges .
The strategic level , the operational level , the GRC level , all need to be pulling in the same direction . Loggerenberg admits that it is “ extremely difficult for people to relinquish their own siloed thinking in pursuit of something bigger .”
But after five years , and strong figures that represent the business heading into a new but ultimately innovative and right direction , Loggerenberg believes the results speak for themselves .
“ I think we created something that people now view as an integral part of the business and not simply beside the business ,”
Part of this success can be attributed to the pace of change . Flexibility in company strategy is key to the success of the business as that change is unpredictable , forcing a need to be more open minded and willing to change that strategy .
“ Nothing focuses the mind like the sight of the gallows . This process , and not only through GRC , has opened the
Saret Van Loggerenberg , Manager , Risk and Compliance at Exxaro
minds of stakeholders and strategic level right through to operational and even audit level on the need for better integration to better work to the organisation ’ s overall goals ,” she says .
“ It has created a whole new perspective .” She concludes .
Success has come in cost savings . $ 800 thousand saved in just under 12 months through the adoption of SAP solutions . 20 percent of those savings have been achieved through more effective risk management and integration .
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