MAYKOR: OMZ Group implements unified tool to improve efficiency of risk management system, internal control and audit based on IBM Analytics

OMZ Group has implemented a unified tool to improve the efficiency of risk management system, internal control and audit. The solution based on IBM Analytics allows OMZ to implement optimal event planning to reduce risks, monitor its performance and minimize the negative impact on the group, as well as use the resources of each company more efficiently.

MOSCOW, 25-9-2015 — /EuropaWire/ — OMZ aims to promptly identify and assess the risks and define the required response measures. In a highly competitive environment, the company pays attention to the timely identification of operational and financial risks, and seeks more efficient and economical use of available resources.

The unified system automates the core processes of risk management: data collection and consolidation, unification of risks reference book, risk assessment detailed to the objects of risk emergence, the formation of risk reporting (both for individual company and for the group). The solution allows identifying the most critical business processes in terms of risk and forming an action plan to reduce the risks and monitor its performance, and receive analytical reports. The system has more than 200 users.

Automation of internal audit includes audit planning based on risk analysis of business processes.

MAYKOR-GMCS has designed the dashboards for OMZ Group management to receive (by mobile devices such as iOS and Android including) the regulated and analytical reports on business processes, risk objects and assessment, activities, incidents, control procedures, audits, violations, responsible persons, recommendations, etc.

About OMZ Group
OMZ Group is one of the leading heavy machinery companies specializing in engineering, production and after sale service of equipment for nuclear, oil and gas, petrochemical and mining industries, as well as special steel production and provision of industrial services. OMZ Group’s facilities are located in Russia and Czech Republic. The main shareholder and financial partner of OMZ Group is Gazprombank.

MAYKOR-GMCS (a subsidiary of MAYKOR):

Anna Okunkova,
Phone: +7 (495) 737 99 91 *744
E-mail: pr@gmcs.ru

SOURCE:  MAYKOR