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.
Woolworths was using external consultants to assess the IT vendors and identify if they have missing critical controls. Woolworths wanted to be able to manage its TPRM program moving forward.
The cost, as well as the limited visibility due to the outsourcing, did not provide long term value. The aim was to become self-sufficient in running the TPRM Program with increased independence and visibility.
Implementing Phinity's TPRM solution enabled Woolworths to consolidate the lists of Third parties, required assessments, and reporting into one platform. The Consultancy helped ensure that the right data and the correct frameworks are implemented into the platform to help Woolworths manage their TPRM and to mature it moving forward.