The global industrial group ABB has replaced the previous manual processing of quarterly assurance letters for the attention of group management and supervisory authorities with a standardized, fully digitalized and automated process. 1stQuad has developed a user-friendly web application with a sophisticated authorization concept based on the FAST framework. The solution simplifies compliance with governance and brings efficiency gains.

Listed companies must regularly report to the supervisory authorities on compliance with all relevant rules, such as correct tax accounting and corruption-free business practices. In a global corporation, the top management of the national companies first vouches for compliance with governance with a letter of assurance, before the CEO of the entire corporation signs the final document at the end.

At ABB, the national companies receive an Early Warning Questionnaire before each quarterly report to report potential risks. The information is collected, analyzed and qualified. The result is a Final Questionnaire. Once any problems have been resolved, a Letter of Assurance can be issued. All these letters then flow together for the final acceptance – from the country and regional companies to the Executive Committee. A total of around 10 days are available for the complex process.

Traditionally, this process was strongly influenced by manual steps: Data had to be exported and imported between different applications, and information had to be compiled from a large number of Excel tables. Some assurance letters arrived digitally at the head office, others were printed out and signed by hand. The way documents pass through the group is complex – both the legal and the organizational corporate structure determine the hierarchy.

1stQuad received the order to completely digitize the process and to support it with a web application that can be intuitively operated by all involved employees. The new application is called QuICC (Quarterly Internal Control Certification) and is based on the FAST framework of 1stQuad. The FAST framework enables an authorization concept that takes the high requirements into account and ensures the safe and traceable passage of sensitive data through the group structures.


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1stQuad accompanies companies and organizations on their way to the “Digital Enterprise”.

We are lateral thinkers, use state-of-the-art technologies and create convincing solutions with a focus on the essentials.
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Since 2009 we love what we do and take responsibility. We are constantly expanding our competencies and offering.
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