At a glance
Industry: Steel industry
Company size: >10,000 employees
Requirements: Powerful platform for risk management
Users: approx. 110 users
Project category: antares RiMIS® Risk & Opportunity Management
Georgsmarienhütte Holding GmbH
The GMH Group consists of more than 30 medium-sized companies, united under Georgsmarienhütte Holding GmbH, based in the town of the same name, Georgsmarienhütte, south of Osnabrück. The holding includes companies from the areas of steel production and processing, scrap recycling, forging technology, railway technology, casting and services. In 2014, the group of companies generated more than 2.3 billion euros in turnover. In July 2016, the 160th anniversary was celebrated. The GMH Group is one of Europe's leading suppliers of bar steel, semi-finished products and bright steel made of quality and engineering steel and generates 80% of its sales with the automotive industry.
At the GMH Group, risk management was accompanied by MS Excel and Access. The basis for this was, among other things, risk categories, their effects and countermeasures. The planning process required a manual effort. The use of a powerful risk management software was intended to remedy the situation and professionalise the process. Defined requirements were, among others, the fulfilment of a meaningful analysis, early warning and forecasting function, the creation of risk transparency, the identification of damage potentials and an efficient control of measures.
Solution offers from various providers were examined and evaluated. The decision was made in favour of the GRC software solution antares RiMIS®. The focus was on the individual design options and optimised reporting, the mapping of the complex organisational structure and the low maintenance effort.
Within a very short time, the software solution was customised and integrated into the company processes. The connection to the existing IT system was quick and uncomplicated. The solution was implemented in less than ten project days. The simple handling for the end user is made possible by a modern and self-explanatory look. The solution is web-based, so that any number of users can access it regardless of time and place. A flexible extension of the users is possible at any time. antares RiMIS® provides transparency about the risk portfolio and their loss potentials. In addition, the risk management solution maps the organisational structures according to the requirements of the ISO certifications and thus ensures a qualitative and quantitative assessment.
Due to the complex corporate structure of the GMH Group, the process representation and the risk aggregation on all levels (risk owner, risk class, company, segment, division) were even more relevant for decision-making. The entire corporate network has access to the antares RiMIS® solution. As a result, individual companies report relevant risks to the GMH holding company, providing an aggregated view of all possible risks and opportunities of the entire group. With antares RiMIS® , a transparency of the risk portfolio is available, in which risks and damage potentials are always in the foreground. Based on this, countermeasures can be derived quickly and opportunities can be seized.
The associated process optimisation initiated a decisive change at the GMH Group: from the former manual Excel solution to a comprehensive, clear and flexible software solution. This saves time and effort. Through effective risk management, strategic and operational opportunities are exploited to ensure profitable growth.
antares RiMIS® can be adapted exactly to your organisational structure and company processes. Numerous evaluations make it easy to keep track of opportunities & risks, measures, indicators and process flows and, if necessary, to retrieve detailed information quickly and independently.
Fast results at the touch of a button
Clear risk aggregation
R-based Monte Carlo simulation
Mapping of the company processes
Decentralised access (web-based)
Problem-free connection to existing IT structure
What our customers say
"antares had references in the steel industry and brought the special know-how of our industry with them. The trust we gained as a result was decisive for us."
"The software solution was adapted to our individual needs. Simple, fast and without any problems."
Discover the success stories of our customer projects. Download the success story "GMH relies on risk management platform" of Georgsmarienhütte Holding GmbH directly and free of charge as a PDF.Download success story