World’s largest glass manufacturer AGC improves audit assurance for European operations
AGC Europe is a Belgium-based branch of AGC Group, the world’s largest producer of flat glass.
The company processes and distributes its products for the construction (external glazing and interior decorative glass), the automotive (original and replacement glass) and the solar sectors.
The company employs 14,500 staff and has over 100 sites throughout Europe.
Before using Ideagen Internal Audit, AGC Europe utilised a diverse set of tools, which included; MS Office, Sharepoint, Livelink and ACL for tests.
With this came a number of issues for AGC Europe, namely a lack of structure, data stored in several shared areas, use of several files, no efficient follow-up tools, complex access management and no common platform.
Therefore, it was vital for the internal audit function at AGC Europe that they meet the following objectives:
Ensure use of a common platform
- Guarantee harmony in the audit approach across the different teams and sites
- Enhance the quality of audit trails
- Extend audit assurance
- Increase productivity
- Increase visibility on work in progress
- Improve ease of use and control of audit material accessibility
- Enable cross region harmonization
- Enable a timely follow-up and increase visibility on audit universe coverage
Before using Ideagen Internal Audit, AGC Europe utilised a diverse set of tools, which included; MS Office, Sharepoint, Livelink and ACL for tests.
With this came a number of issues for AGC Europe, namely a lack of structure, data stored in several shared areas, use of several files, no efficient follow-up tools, complex access management and no common platform.
Therefore, it was vital for the internal audit function at AGC Europe that they meet the following objectives:
Ensure use of a common platform
- Guarantee harmony in the audit approach across the different teams and sites
- Enhance the quality of audit trails
- Extend audit assurance
- Increase productivity
- Increase visibility on work in progress
- Improve ease of use and control of audit material accessibility
- Enable cross region harmonization
- Enable a timely follow-up and increase visibility on audit universe coverage
We would recommend Ideagen’s Internal Audit software because we have found it to be competitively priced. The roll-out went very well and with ease and the tool itself is dynamic, comprehensive, user friendly and intuitive.”
How did Ideagen increase audit assurance for AGC Europe?
“Ideagen Internal Audit is used daily for audit preparation, audit fieldwork, audit trails, report generation and audit follow-up.
Templates are automatically copied into the audit file at the moment of the audit creation, which saves us time and ensures the use of the correct template.
The work allocation is done directly in the system and it is easy to filter each task.
“Moreover, the fieldwork progress is visible in one snapshot as auditors mark the parts they have performed as ‘completed’.
Findings are entered once which enables reports to be generated automatically. Actions can be tracked through the system and easily analysed based on due dates or other parameters.”
AGC Europe felt strongly that the tool was very flexible for the user when it comes to defining the audit universe, populating the steps library, the risks & controls library and the reports library, as well as configuring the terminology and pick lists.
As a result, the implementation and use of Ideagen Internal Audit enabled a wide range of benefits, including:
- Standardisation of the audit approach
- Increasing productivity and efficiency of the auditor
- Increasing audit assurance
- Increasing quality and completeness of audit trails
- Improving visibility on audit progress for management
- Centralising audit material
- Facilitating efficient action follow-up
We had selected four different products - including Ideagen - and attended product presentations and obtained demo access. Based on a SWOT analysis, Ideagen was selected for suitability and efficiency of the tool, ease of delivering customization and competitive pricing
Intuitive internal audit software that connects everything and everyone in your audit universe.