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May 29, 2020 1 min read

How Allegro MicroSystems Maintained Audit Continuity & Efficiency During a Crisis

We spoke with Erich Manz, Corporate Controller at Allegro MicroSystems about how his team has kept operations moving effectively during the transition to working remotely. Learn how his team leverages technology to communicate with global stakeholders, save time and costs by centralizing all audit documentation in one location, and get full visibility into their control environment at a critical time.

Tell us about your role and internal audit at Allegro MicroSystems

My name is Erich Manz, Corporate Controller at Allegro MicroSystems, a global leader in power and sensing semiconductor technology. Our focus areas are at the center of safety and sustainability in automotive and industrial markets, where energy efficiency, green technologies, and safety are propelling innovation. Currently, we hold the number one position in market share for Magnetic Sensors and are a top supplier of Automotive integrated circuits (ICs). With over 9 Allegro products in most conventional vehicles, if you own a car or have driven one, you’ve likely used our products. We’re headquartered in Manchester, NH and have major manufacturing, sales, marketing, and engineering sites, located worldwide.

What are some of the impacts to the business and internal audit from the COVID-19 pandemic, and how have you addressed them?

As a business, we’re a diverse company with entities around the world, and each of these areas has experienced some effects from the crisis. Like many other organizations, we’ve been figuring out how to have staff work from home with minimum disruption to our routine work environment. Of course, many of our manufacturing employees can’t work from home, so the company has been getting creative about ways to keep everyone safe at work in this new situation.

How were you able to maintain the continuity of your audit process throughout the pandemic?

At the start of the pandemic, I was inundated with emails from every service provider with suggestions on how to manage our close work process, from using a tracking worksheet and a close checklist to ensuring our team was communicating remotely. I realized that because we were already working in Optro, we had already addressed those concerns, and as a result, we were already completely equipped and had everything in place to work remotely.

How has Optro enabled you to stay connected with audit stakeholders during the crisis?

As a global company, being able to communicate with our subsidiaries in Asia, Europe and South America through Optro has been a seamless experience. Getting everybody everything they need in this situation has been very streamlined. Overall, we’ve had a phenomenal experience with the Customer Success team at Optro. When quarantine went into effect, someone from Optro reached out to us to touch base and ask if there was anything they could do for us, and my response — “we have everything we need.”

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How Allegro MicroSystems Maintained Audit Continuity & Efficiency During a Crisis