Datricks assists FORVIA HELLA in using SAP Signavio solution to automate business process transformation risk detection

Datricks’ data-driven solution for automated risk detection and mitigation will help enforce and automate internal controls across business processes and accelerate business transformation

New York, March 20, 2024–(BUSINESS WIRE)–Datrics has secured international automotive supplier and FORVIA Group company FORVIA HELLA as a new customer. This strategic partnership leverages the SAP Signavio product portfolio and demonstrates Datricks’ commitment to delivering cutting-edge, data-driven risk detection and mitigation solutions. The program aims to automate FORVIA HELLA’s internal controls and will drive business transformation, increase transparency and significantly reduce audit work.

SAP Signavio is the leading solution suite for business process transformation. It helps organizations transform in an agile and holistic manner by performing process analysis and mining, modeling processes and journeys, establishing governance, and automating execution. Datricks’ solution, integrated with the SAP Signavio suite, will enable FORVIA HELLA to unlock the potential of transaction integrity, aligned with the company’s acceleration and process transformation initiatives.

Leveraging integration with SAP Signavio, Datricks’ solution enables FORVIA HELLA to automatically identify and mitigate risks across processes and source systems, providing comprehensive insight into risk profiles and process weaknesses. It supports automated control integration, monitoring controls and alerting on emerging risks. Risks and controls are identified by Datricks and then pushed to the SAP Signavio Process Manager dictionary to be attached to the process during modeling. It measures the effectiveness of controls and processes over time, thereby promoting proactive risk management.

Heiko Laessig, Executive Vice President Risk, Internal Controls and Process Management, FORVIA HELLA demonstrates: “We are pleased to partner with Datricks to implement a comprehensive risk management and process improvement solution that is seamlessly integrated with SAP Signavio.” “We are confident and have already witnessed that, This solution will help us identify and mitigate risks, improve our processes, and ultimately achieve our business goals effectively.”

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“We are delighted to welcome FORVIA HELLA as a new Datricks customer,” said Roy Rozenblum, co-founder and CTO of Datricks. “Following a successful POC, we were able to automatically uncover key insights and alerts on risks within the transaction process within days. .As a result, we have automated mitigation controls and Datricks continuously monitors FORVIA HELLA’s processes for continuous improvement and protection. ”

Manuel Taechl said: “Our collaboration with Datricks is extremely valuable, providing our customers with an end-to-end solution that integrates with the SAP Signavio product portfolio and supports financial business risk mining and process management to support internal Control and process transformation.” – Product Lead, SAP Signavio. “This solution will provide added value as they transform their business.”

About Datricks

Datricks Risk Mining is a data-driven SaaS solution that ensures ongoing financial compliance at the click of a button. This solution is designed for finance teams who struggle to detect and control risks when they occur. Risk mining enables organizations to gain clarity into their business processes and controls, quickly adapt to changing internal and external environments and impact the business bottom line.

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