Company: Ford Otomotiv Sanayi A.Ş.
Company background: Ford Otosan (Ford Otomotiv Sanayi A.Ş.), is a publicly traded (18%) company, where Ford Motor Company* (41%) and Koç Holding A.Ş. (41%) have equal shares. Ford Otosan, being one of the top three exporting companies in Turkey since 2004, has achieved 12 consecutive years of automotive industry championship and is Turkiye goods product export champion for 8 years in a row. In 2022, export of vehicles and spare parts from Turkiye continued with 94 countries in 5 continents worth 6,2 billion USD. Ford Otosan operates in 4 main centers with its Gölcük and Yeniköy Plants in Kocaeli, Eskişehir Plant in Eskişehir, Sancaktepe R&D Center and Spare Parts Warehouse in İstanbul and Craiova Plant in Romania employs more than 20,000 people. Ford Otosan is the most valuable automotive company in Borsa İstanbul.
Contact: Serkan Tapo
Title: Internal Audit Senior Manager
Country: Türkiye
Award Category: Innovative Problem Solver
Ford Otosan did not have an integrated platform between risk management, internal control and internal audit activities, which was causing information asymmetry and inefficiencies. For an improved control environment and risk-based control and audit activities we were in need of a system.
For our problem we evaluated alternative solutions such as reviewing alternative GRC products in the market or evaluating inhouse developed software within the company. In the past most of our risk management, control and audit activities were kept on MS Office products.
After our market test we decided to purchase SAS GCM module and develop it for our integrated control environment. With the help of SAS developers, we developed a multi-layer system that allows risks to be monitored by Internal Control and Audit teams, control activities to be addressed to risks.
With SAS GCM we can better monitor the changing dynamics of risks, assess relevant controls and results and therefore adjust our audit activities to better reflect company needs in the risk environment. We also utilize SAS CMPI to review procurement data and detect anomalies in an ongoing basis.
SAS GCM and CMPI are very good tools for risk, control and audit professionals that they can develop and differentiate based on their needs. They can use these tools for better planning, monitoring and implementation of their business.
