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Solutions

There are three main services offered by Strytex.

MISSOT A fully featured managed service
ISSOT A hybrid self-managed fully featured product
SSOT FREE document storage
across
Internal Compliance your own company’s compliance
External Compliance your supplier, contractor and supply chain compliance

 

Internal Compliance External Compliance
MISSOT ISSOT SSOT MISSOT
Document Storage
Compliance Control Matrices *
Managed service
* Not all compliance control matrices are available under ISSOT

By Size Of Business

Strytex provides B2B services to both sides of the buyer/supplier relationship so our Members range from multi-billion global corporates to mom and pop businesses and sole traders.

Sole traders, micro and small business

SMEs represent over 90% of the business population, 60-70% of employment and 55% of GDP in developed economies.

Most sole traders, micro and small businesses only need to store compliance certificates and share them with their clients so they only need the FREE SSOT product to manage their internal compliance documents.

Where small businesses are in heavily regulated industries like

  • Hospitality
  • Childcare

they often choose to subscribe to the MISSOT service for both internal compliance and external compliance.

Internal Compliance External Compliance
MISSOT ISSOT SSOT MISSOT
Sole traders, micro and small business For heavily regulated industries Most popular For heavily regulated industries

Medium businesses or teams within a large business

Most medium sized businesses are not large enough to have staff with the skills to manage compliance matrices and keep docs up to date. For these businesses the MISSOT service is the most popular solution.

Teams within large businesses or corporates may have a very specific compliance focus, e.g

  • Facility Managers         Property and contractor compliance
  • Finance                               Supplier insurance
  • Procurement                   Supplier and supply chain compliance

Again the MISSOT service is the most popular.

The ISSOT solution is only applicable for businesses with large numbers of administration staff with subject matter experts in relevant areas of compliance, e.g. food safety, HR etc.

Internal Compliance External Compliance
MISSOT ISSOT SSOT MISSOT
Medium business Most popular Expert only Most popular
Team Most popular Expert only Most popular

Large and corporate businesses

The MISSOT is the most popular for large and corporate business because compliance administration is not their core business but it costs 6.24% od employee expenses.
They like the MISSOT managed service for the benefits it provides

  • Reduced costs
  • Transparency
  • Exception reporting

The MISSOT managed service allows large and corporate businesses to focus on their business, not the paperwork.

Internal Compliance External Compliance
MISSOT ISSOT SSOT MISSOT
Large business Most popular Most popular
Corporate Most popular Most popular

By Job Title

Governance Risk and Compliance solutions by job title are by far the most important factor. We have worked with procurement managers, facility managers, contract managers, WHS manager, quality managers and many more across multiple industries. People working in these professions face similar issues, problems and pressures no matter what industry they are working in.

Based on years of experience and feedback from clients, we’ve mapped our compliance control matrices to each job title and have developed the following table.

Internal Compliance External Compliance
Company Staff Property Assets Products Projects Company Staff Property Assets Products Projects
Board Member/Director
Business/Office Manager
Contract Manager
Facility Manager
HR Manager
Internal Auditor
OHS Manager
Procurement Manager
Quality Manager
Risk Manager
Supply Chain Manager

Board Member/Director

Pretty much has to be aware of all risk and compliance

Business/Office Manager

In a small or medium sized business, generally responsible for all compliance issues

Contract Manager

Depending on your business, they may be responsible for the compliance of all suppliers and products under formal contracts

Facility Manager

The Facility Manager has to ensure the property is compliant, the products installed in the property are compliant and that all work carried out by staff and contractors is carried out by suitably qualified people using compliant equipment

HR Manager

Internally focused, ensuring staff are qualified and compliant to do their jobs

Internal Auditor

Need to be able to audit compliance across everything

OHS Manager

Is responsible for the safety of everyone on site, whether they are staff, contractors, sub-contractors, visitors, students, etc

Procurement Manager

Their focus is generally on supplier compliance and ensuring that the products and services purchased comply to requirements

Quality Manager

Generally focussed on product compliance

Risk Manager

Risk comes in all shapes and sizes

Supply Chain Manager

Same as the Procurement manager but needs to ensure sub-contractors and sub-suppliers right down the supply chain are compliant

By Industry

Hi, I only put this bit in because almost every business segments their markets by industry. That’s great if you have industry specific solutions but we don’t. GRC (Governance, Risk and Compliance) is relevant across all industries big and small.

Facility managers across all industries are facing the same GRC issues.
Procurement managers across all industries face the common GRC issues
Internal auditors grapple with similar GRC problems.

If you are a facility manager in the mining industry, would you ask an HR manager in the same industry for advice on how to manage property compliance, or would you ask a facility manager in another industry?

Our solutions are focussed on professions (job title) because that’s the best way of addressing shared professional compliance issues. I learnt very early on that compliance is a people problem so we focus on people and their issues, not industries.

Nigel Dalton-Brown
Founder
Strytex

Savings Calculators

The hidden cost of compliance administration

These top down formulas are based on data developed with Deloitte Australia

  • The first, based on total employee expenses from your annual report, calculates the hidden cost of compliance administration across your whole business.
  • The second, based on salaries, allows you to calculate the hidden cost for a team or department”

Calculator 1: Based on total employee expenses

Employee expenses
Generally found in your annual report and includes salary, superannuation, employee taxes etc
Your hidden cost of compliance administration is
Your potential savings are up to

Calculator 2: Based on team salaries

  1. If we apply shading to differentiate the different sections there may be shading for the savings calculator
  2. Maybe we should add separator lines between the calculators?
Number of staff in this bracket Average annual salary
Senior staff
Middle
Junior staff
Total
The hidden cost of compliance administration for your team is
Your potential savings are up to
If you would like to discuss a bottom up approach that uses number of documents, properties, suppliers etc, please contact us.
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