Dynamic organizational growth required a flexible compliance tool.
Running a successful software company means continuously improving your software to keep a competitive edge. However, with improvements follows inevitably the risk of introducing errors, and, thus, the need for a strong and well-governed IT compliance framework becomes essential. Developing state-of-the-art software for the insurance industry, this Impero customer is no exception to this statement. The company that delivers technology services within the insurance industry continuously improve its solution, and changes so that the solution always follow well-defined, monitored and compulsory control procedures. Consequently, Impero has introduced this company to a new and smarter way of working with overall IT compliance, controls and reviews, prompting roll-out of automated best practice IT critical frameworks. Currently, Impero’s risk and control management is supporting corporate entities located in the UK, Germany and Switzerland. Roll-out to additional countries is a natural next step.
Having just recently implemented Impero might imply that the supplier of technology services within the insurance industry doesn’t yet have much knowledge of working with the system, nor of deriving tangible benefits from it. However, as the company insisted on a rather long testing phase to define as many internal processes up- front as possible, this company has actually worked with the system since early 2017, thus already having a clear and in-depth overview of many of the advantages offered.
With well-established internal processes and frameworks in place, the supplier of technology services within the insurance industry stands to gain even more considerable advantages within complex areas such as IT security, internal and external audits, as well as overall IT compliance. Already shortly after implementation, Impero has proven to be a vital tool to ensure important resource savings. And the intuitive and flexible structure of the system has already allowed the company to make changes easily and efficiently when both designing and reassigning controls. Using Impero, internal IT controls have been simplified and partly automatized, creating compliance and transparency.