Powering Compliance: Xponential Revolutionizes Europe's Energy Giant with Zoho Creator
Client Background
A leading multinational electric utility company based in Germany which is the largest provider of energy services in Europe has its operations in several countries. Therefore, the company is subject to various regulatory frameworks and compliance requirements.
The company’s compliance team faced several challenges in managing and monitoring regulatory compliance across its global operations, which posed a significant risk to the company’s reputation and financial performance.Implementing streamlined GRC forms management, task workflow automation, and reporting for a multinational electric utility company in Germany to enhance regulatory compliance monitoring and management, addressing operational challenges.
- Lack of Visibility: Limited visibility into compliance status across global operations hindered risk identification and corrective actions.
- Manual Processes: Compliance management processes were largely manual, leading to time-consuming and error-prone operations.
- Customization Challenges: Difficulty in separating reports for different approvers and assignees. Distinguishing between statutory and non-statutory tasks.
- Lack of Visibility: Limited visibility into compliance status across global operations hindered risk identification and corrective actions.
- Manual Processes: Compliance management processes were largely manual, leading to time-consuming and error-prone operations.
- Customization Challenges: Difficulty in separating reports for different approvers and assignees. Distinguishing between statutory and non-statutory tasks.
Improved Efficiency: Centralised master data management enhances admin productivity by 90%.
Streamlined Workflow: Automated GRC form submission and approval ensure prompt task handling and smoother operations.
Enhanced Transparency: Customised reports provide clear operational insights for assignees, approvers, and completed tasks.
Increased User Adoption: Intuitive and user-friendly interface achieves a robust 75% user adoption rate.
Comprehensive Master Data Management: Admins can efficiently manage financial year details, task categories, regions, and department entities.
Insightful Reporting Capabilities: Detailed reports for assignees, approvers, and completed tasks provide valuable insights.
Intuitive Dashboard: Separate views for non-statutory and statutory tasks, assignees, and approvers enhance transparency and efficiency in GRC management.
