Expertise-Led Client Journey

Expertise-Led Client Journey

The Kraft Heinz Firm is a worldwide chief within the meals and beverage trade, with gross sales of $25B in 2019. Previously, the group’s inner audit targeted on executing audits spanning operational, monetary, and compliance dangers. Nonetheless, with the group experiencing speedy change and a mandate for the inner audit group to behave as trusted threat advisors, there was a chance to make use of knowledge in a extra in-depth and forward-thinking manner – not solely to proceed offering assurances over key enterprise processes however to reinforce insights and threat protection.

It’s normal observe for administration groups to make use of key efficiency indicators (KPIs) to deal with enterprise aims. Nonetheless, it may be tough to investigate simply how efficient enterprise processes are being executed in relation to firm aims. A brand new main observe is to grasp key threat indicators (KRIs) to make sure dangers are adequately mitigated with a purpose to obtain outcomes for the enterprise.

Kraft Heinz International Inside Audit (GIA) engaged EY to rework their inner audit knowledge threat analytics program with a purpose to mine higher threat insights from extra real-time knowledge. EY Threat Navigator is an SAP-powered platform constructed by EY. It combines SAP options and expertise with EY mental property to assist firms repeatedly monitor and handle threat.

Collectively we leveraged EY Threat Navigator as the idea for constructing threat analytics capabilities inside Kraft Heinz. Now, the Kraft Heinz inner audit operate can leverage real-time analytics to create a extra environment friendly audit course of, in addition to delivering enhanced threat protection and worth.

“Our first aim was to create a extra environment friendly and risk-based inner audit course of by enabling the KH GIA group to have entry to real-time threat analytics. However we additionally wished to seek out methods for the group to leverage these threat analytics to raised mitigate threat and improve standardization of enterprise processes,” explains Mike Rambasek, Accomplice, Enterprise Consulting, Ernst & Younger LLP.


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