Case Study: a leading banking group reduces controls by 75% with Wolters Kluwer ELM Solutions' Enablon

Driving Standard Risk Management Practices Across the Enterprise

The customer, a leading banking group with over 100,000 employees, faced the challenge of managing complex and siloed risk management practices across its numerous global entities. This lack of standardization made consolidating results, leveraging existing controls, and developing coordinated action plans extremely difficult. They turned to Wolters Kluwer ELM Solutions and its Enablon software to establish a common, enterprise-wide governance, risk, and compliance (GRC) framework.

Wolters Kluwer ELM Solutions implemented the SaaS-based Enablon platform, including its Risk Management and Action Plan modules, to create a unified system for mapping all risks and controls. This solution broke down silos, allowing the banking group to eliminate duplicate controls and leverage existing ones for multiple risks. The measurable results were profound, including a 75% reduction in the number of controls that needed to be managed and the successful onboarding of 17,000 users onto a single, standardized system for consistent GRC practices.