Turn your red tape into a competitive advantage
Increase your profits
By getting accredited to ISO 37301 Compliance Management Systems, your organisation is less risky to buy from than your competitors.
The Strytex service and Single Source of Truth (SSOT) can reduce your compliance administration costs by up to 50%
What does Strytex do?
We help organisations and departments get accredited to ISO 37301: Compliance management systems to help our clients turn their red tape into a competitive advantage.
In phase one we deliver a series of seminars and workshops that provide directors with the fundamentals of operational GORC (Governance, Obligational awareness, Risk management and Compliance administration) and management and staff with detailed tools and techniques.
In phase two we partner with our clients to implement their unique single source of truth (SSOT) on our platform and go on to provide a co-sourced service to maintain their SSOT.
Ongoing continuous improvement and monitoring as your co-sourced internal audit administration.
ISO 37301 is a strategic opportunity
We create a single source of truth of compliance documents for our clients.
We phone, email and chase suppliers for updated compliance documents on behalf of our clients.
The benefits of an effective
compliance management system
Build trust and confidence. Win new business and establish long lasting relationships with your customers.
Implement a single source of truth. Eliminate duplication, minimise wasted time searching for documents and enable fast access for timely reporting and decision making.
Protect your brand and reputation. Track and measure compliance across mandatory and voluntary obligations to improve decision making.
Compliance administration costs 6.24% of employee expenses. Increase efficiency and effectiveness and reduce this cost by up to 33%.
Avoid fines and legal problems. Know who or what is non-compliant and why on a daily basis so remedial actions can be taken immediately.
Sleep well at night knowing you have taken all reasonable precautions to protect yourself, your employees, your managers, your executives and your board.
We solve problems
Our documents are stored all over the place. It’s a mess.
Strytex provides a Single Source of Truth (SSOT) for all your compliance documents. It’s cloud based so you can access any document from anywhere.
Every month, we waste days of time trying to find documents….
With all your documents in a Single Source of Truth with key metadata, it’s simple and easy to sort, filter and search for your documents in seconds.
…and when we do find the document, we never know if it’s the current one.
We archive expired documents so you only see the current one.
Keeping all our own documents up to date takes up so much time.
Strytex is a service not a software package. We keep your documents up to date for you so you can concentrate on your business.
We’ve got hundreds of suppliers. It’s a nightmare trying to keep all their documents up to date.
Let us manage your supplier documents for you, we may already be collecting them for some else. By letting us manage your supplier compliance you share the time and cost.
I don’t know if my staff, my buildings, my products or even my suppliers are actually compliant!
We’ve got that covered. Because all your documents and compliance rules are in one place, we run a daily check of who or what is non-compliant and why. You get an exception report on your dashboard telling you exactly who or what is non compliant and why!
Auditing is a nightmare. Every year it totally disrupts the organisation.
With Strytex, annual audits are a thing of the past. Because we keep everything up to date in your Single Source of Truth, all your information is available every day.
We spend days getting everything together for Board reports and Senior Management meetings.
Because everything is updated daily, all you need to do is press ”Export” and you will have everything you need for any meeting. Take your tablet with you and present in near real –time!
Why you should choose Strytex?
We’ve solved so many problems that we’ve developed a compliance framework and validated a set of tools for governing bodies, managers and staff:
To improve assurance, the widely used industry acronym GRC needs to be challenged and updated by adding O, for Obligational awareness. GORC (Governance, Obligational awareness, Risk management, Compliance administration).
The organisational interfaces and feedback loops are analysed through the lens of the DIKW model (Data, Information, Knowledge, Wisdom) which splits the process into two streams – top-down processes and controls; and bottom-up monitoring, analysis, and reporting – and introduces the feedback loop mechanism.
The ORC Model
Provides organisations with a framework from which to build a comprehensive obligations register.
By applying the framework, organisations can build a
foundational structure similar to a financial chart of accounts;
that is, a digestible breakdown of all of the organisation’s
obligations broken down into subcategories, providing the basis for further tools and standardised reporting.
The Single Source of Truth
Every practical compliance management system requires a single source of truth (SSOT). A place to store all the compliance documents, record the organisation’s obligations, set up the compliance rules in control groups and generate reports.
Advanced SSOTs even link directly to the asset register for maintenance reporting.
The SSOT is often best provided as a software solution such as a relational database.
The Rumsfeld Grid
The bad news for directors and executives is that there will always be unknown unknowns and so there will always be stress. The good news is that manageable stress is good for us; our pulse quickens and our hormones surge, but there is no threat or fear. We feel this type of stress when we ride a roller coaster, compete for a promotion or take a calculated risk.
Using the Rumsfeld assurance matrix, directors, executives, compliance professionals and internal auditors can transform fear-inducing stress into manageable stress, rip off the blindfold of wilful ignorance and become professionally curious.
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Strytex will help your organisation get ready for ISO 37301 accreditation before your competitors so you can increase your market share, reduce your risk and make customers, shareholders and regulators happy.