Case Study: Alcon rebuilds internal audit and speeds reporting with Workiva

Alcon completes first internal audit report in less than two weeks with Workiva

When Novartis spun off Alcon, the global eye care company, it created a unique opportunity for its internal audit group to start from scratch. The challenge was to move away from disconnected, manual processes and find a superior solution for audit management. The team, led by Global Head of Internal Audit Charles Silvey, chose to implement the Workiva platform for internal audit management based on positive prior experience with Workiva for SOX compliance.

Using Workiva’s customizable and connected platform, Alcon’s internal audit team streamlined its reporting processes. The solution provided real-time dashboards, automated reminders, and linked data, which dramatically accelerated report issuance. The measurable results were significant, with the first internal audit report completed in less than two weeks and its issuance just two days later. Workiva also provided better visibility into metrics and was subsequently expanded to manage enterprise risk management and financial reporting for Alcon.

Alcon