Case Study: Jumbo streamlines internal control with 3rdRisk

Jumbo streamlines internal controls by 35% with 3rdRisk

Jumbo, a major retailer, faced significant challenges with its internal control framework. Their processes were manual, time-consuming, and prone to errors, relying heavily on clunky tools like Excel. This led to a lack of overview, administrative frustration, and difficulty in tracking the status of controls and justifications. To address this, Jumbo partnered with 3rdRisk to implement its internal control module.

3rdRisk developed a streamlined, user-friendly platform that automated reminders, centralized evidence storage, and provided clear oversight of risks and controls. The solution resulted in a more than 35% reduction in time spent on the process, significantly faster reporting, and greatly increased engagement across the organization. The implementation by 3rdRisk gave Jumbo enhanced risk awareness and better decision-making capabilities.

Jumbo