Afa Försäkring TeamMate+ Implementation

Afa Försäkring, established in 1962, is a Swedish insurance company based in Stockholm. It provides financial support in cases of illness, injury, work incapacity, death, and parental leave, primarily for employees in the private sector, municipalities, and county councils.

Facing challenges with their internal audit and compliance functions, which relied heavily on Excel and SharePoint, Afa Försäkring sought to enhance the quality, efficiency, and alignment of their reporting processes. They also aimed to improve risk assessment and leverage insights from other departments, particularly the Enterprise Risk Management (ERM) division. To address these needs, Afa Försäkring engaged BR1GHT to implement a system that would support both internal audit and compliance functions, leading to the selection of TeamMate+, a comprehensive audit management solution.

BR1GHT collaborated closely with Afa Försäkring’s internal audit and compliance teams. The project was authorized by senior management, reflecting the organization’s commitment to enhancing its audit and compliance capabilities.

BR1GHT implemented TeamMate+ to streamline and enhance Afa Försäkring’s audit and compliance processes. This involved configuring the system to support both functions, developing workflows that improved transparency, reporting, and the connection between risk assessments and subsequent audits and reviews. The implementation also enabled business users to participate in the follow-up and remediation process for observations and recommendations. Post-installation, Afa Försäkring gained a system they could navigate and update independently, supporting future organizational growth.

The implementation of TeamMate+ resulted in several key benefits for Afa Försäkring:​

• Enhanced Efficiency: Automated processes reduced manual tasks, allowing teams to focus on higher-value activities.​
• Improved Transparency: Centralized data and standardized workflows provided clearer visibility into audit and compliance activities.​
• Strengthened Risk Assessment: Integration with ERM insights enabled more comprehensive and proactive risk management.​
• Increased Stakeholder Engagement: Business users’ involvement in follow-up processes fostered a culture of accountability and continuous improvement.

BR1GHT’s approach combined technology expertise with a focus on people and change management. Key elements included:​

• Future Vision: Aligning the system configuration with Afa Försäkring’s long-term goals to ensure scalability and adaptability.​
• Proven Technology: Leveraging TeamMate+’s capabilities to meet the specific needs of internal audit and compliance functions.
• Result-Driven Approach: Focusing on delivering tangible improvements in efficiency, transparency, and risk management.​
• Continuous Improvement: Training Afa Försäkring’s teams to manage and update the system independently, ensuring ongoing optimization.