In an increasingly complex and interconnected world, the ability to monitor and manage governance, risks and compliance (GRC) is becoming ever more important. In order to survive in this dynamic environment as well as to enhance the resilience of Würth Finance, an ambitious project was launched: the introduction of a GRC tool. The aim was to change the way governance, risk and compliance are managed within the company.
The search for a suitable solution was a challenge. The goal was to find software that would fulfil the company’s specific requirements while also ensuring seamless integration into the existing systems. A task that could hardly have been accomplished without the hard work and close collaboration of everyone involved in the project. After working together on this for months, they successfully rolled out the new GRC software in the summer of 2024. The central platform makes it possible to organise governance, risk management and compliance processes in a structured and efficient manner, enabling Würth Finance to act safely and in compliance with the regulations and thereby make a strategic contribution to the Würth Group’s risk management.
The transparency gained and the networking of everyone involved, from management to the operational units, create a basis on which coordinated decisions can be made. “That allows us to face the challenges of the future together – not only managing risks, but also seizing opportunities,” explains Katy Klasen, Project Manager and Compliance Officer.
