Headquaters: South Africa
Employees: < 10 000
- Founded in 1931
- South African based multinational Retail company
- 218 full line stores and 430 food stand alone stores
- Johannesburg Stock Exchange listed
Phinity Risk Solutions
The Phinity Risk Solutions platform integrates into your risk and compliance processes to help you decrease your risk exposure. Boost your risk management capability and manage your organisational risks, from identification through to remediation with the help of our powerful solutions. Make informed decisions faster with our strong and relevant reporting based on your risk and compliance data.
Retail and financial services regulations require Woolworths to complete ongoing control reviews to ensure that all applications that are critical to the organization are well managed. Annual Application reviews are required to determine the level of controls that are implemented and the effectiveness of those controls.
The existing framework and process needed to source data from several sources and only allowed a static view. This set up made it necessary to start over each year, unable to leverage existing data from past reviews.
With Phinity, Woolworths is able to have all data, including assessments and evidence, in one place. Leveraging the platform as a single source of truth provides a unified workspace in which all data can easily be kept up to date.