How Veolia relies on innovation path to ensure compliance
Veolia is the global leader in resource optimization. With over 178,000 employees worldwide, the French-headquartered company designs and provides water, waste, and energy management solutions. In 2020, Veolia supplied 95 million people with drinking water, 62 million people with wastewater service, produced nearly 43 million megawatt hours of energy and converted 47 million metric tons of waste, recording consolidated revenue of €26 billion.
A Shared Service Center serving 30 entities of the Veolia group struggled with inefficient legacy operations to ensure that its partners could work with them. To solve these issues, innovation path launched a solution called Process KYP Compliance to centralize the process, increase digitization, and make an order-of-magnitude leap in efficiency.
A robot can check a company for 2-4 minutes while using an innovation path as one of the two key pieces of the updated unified compliance check process. The robot checks the organizations listed in a system whether they meet the requirements of the ISO 37001 standard. Each audited company is assigned a detailed list of risks and the overall level of risk. The inspection takes place daily, each company is repeatedly inspected every 3 months.
RPA helps find the company and its owners/shareholders, whether they are insolvent or in liquidation. After it examines whether the given person is politically engaged. Furthermore, RPA searches for property shares of people. If an ownership interest is found to be potentially problematic, it is investigated whether another company in which the person has an ownership interest is in insolvency or liquidation. In the end RPA examines whether a sanction has been imposed on the company or individuals.
Check output. Recording of control data and resulting evaluation in ERP system. Generated Excel workbook attached to the record in ERP system. Mark 1 if no problem is found, or a link to the database where the problem was found.