Case Study: Knorr-Bremse AG boosts audit efficiency with TeamMate by Wolters Kluwer

Knorr-Bremse AG - Customer Case Study

Knorr-Bremse AG, a global manufacturer of braking systems, faced a significant challenge in managing internal audit and risk controls across its 160 diverse locations. The company's small internal audit team needed a more innovative, efficient, and integrated solution to provide assurance and move towards a predictive, data-driven auditing model. To address this, they turned to the vendor TeamMate by Wolters Kluwer and implemented its TeamMate+ Audit solution.

The solution from TeamMate by Wolters Kluwer automated audit processes, enhanced reporting consistency, and integrated risk and controls data into a single framework. By moving to the cloud-hosted TeamMate+ platform, the team eliminated complex server maintenance and gained powerful new capabilities like dashboards and cross-entity auditing. The measurable impact was substantial, with the internal audit team reporting a 25-33% increase in the number of audits conducted annually due to reduced administrative work. This has enabled them to be more agile, produce more timely reports, and spot issues faster across the entire organization.

Knorr-Bremse AG