Turn your red tape into a competitive advantage
Increase your profits
Increase Revenue
By getting accredited to ISO 37301 Compliance Management Systems, your organisation is less risky to buy from than your competitors.
Reduce Costs
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.
Phase 1
Phase 2
Phase 3
Ongoing continuous improvement and monitoring as your co-sourced internal audit administration.
ISO 37301 is a strategic opportunity
Our Insights
This article provides organisations with a model from which to build a comprehensive obligations register.
A bias-free framework for prioritising and categorising obligations for any sized organisation in any industry.
James Frost makes some excellent points in ‘The rise and rise of the risk officers’, that CROs are responsible for a vast range of risks and that CROs need a...
To improve total compliance assurance, the widely used industry acronym GRC needs to be challenged and updated by adding O, for obligations.
Based on anecdotal evidence from talking to multiple prospects and clients we have come across four compliance types.
The purpose of this article is to raise awareness of non-financial risks by coining the term ‘operational [governance, risk and compliance] GRC’ (OpGRC) to elevate it to the same level...
Next time you are getting any equipment installed, make sure your installer is aware that you require a full and complete Installation and Commissioning report, including all baseline data.
After months of coding, coffee, doughnuts and testing, we have released 4.3 to the world! - Customisable grids, which means customisable reports - Define your own sub-glossary to eliminate confusion...
We've just made the Strytex platform even more powerful. We've added a risk matrix so you can prioritise all your assurance certificates by risk!
In 2008, a study by R Doleman found that 87% of 160 audited fire and smoke doors were non-compliant with over 935 failure items!
We track thousands of certificates for our clients and have seen quite a few bad quality documents. Had an absolute classic one a few days ago, so I thought I’d...
Compliance administration is a three legged stool and when it breaks, it can be a very painful experience.
Because of IoT, many maintenance schedules will soon go the way of the dinosaur. So what happens to the thousands of national and international standards and regulations that define maintenance...
Websites selling template Safe Work Method Statements (SWMS) for activities like carpet cleaning, hand tools etc. drive me crazy, it's just wrong.
First published by Procurement Professional, the official magazine of CIPS Australia, June 2011 Purpose Actions by suppliers are damaging brands and reputations and more and more company directors, officers and...
Not only is there confusion around some of the IT buzzwords floating around, some people question if “IT fads” can deliver measurable business benefits for an industry. This article clears...
Why organisations are COINing it to protect their brand and reduce their risk.
Are your suppliers putting your company's brand and reputation at risk? The importance of supplier compliance management and the impact of the COIN approach.
Summaries the key findings of the survey into the Importance of Supplier Compliance Management carried out by Strytex during May 2010.
Collecting compliance information from suppliers and subcontractors is a costly, time-consuming, soul-destroying task. Nigel Dalton-Brown suggests an alternative approach which distributes the administration costs across the industry.
Our Insights
This article provides organisations with a model from which to build a comprehensive obligations register.
A bias-free framework for prioritising and categorising obligations for any sized organisation in any industry.
James Frost makes some excellent points in ‘The rise and rise of the risk officers’, that CROs are responsible for a vast range of risks and that CROs need a...
To improve total compliance assurance, the widely used industry acronym GRC needs to be challenged and updated by adding O, for obligations.
Based on anecdotal evidence from talking to multiple prospects and clients we have come across four compliance types.
The purpose of this article is to raise awareness of non-financial risks by coining the term ‘operational [governance, risk and compliance] GRC’ (OpGRC) to elevate it to the same level...
Next time you are getting any equipment installed, make sure your installer is aware that you require a full and complete Installation and Commissioning report, including all baseline data.
After months of coding, coffee, doughnuts and testing, we have released 4.3 to the world! - Customisable grids, which means customisable reports - Define your own sub-glossary to eliminate confusion...
We've just made the Strytex platform even more powerful. We've added a risk matrix so you can prioritise all your assurance certificates by risk!
In 2008, a study by R Doleman found that 87% of 160 audited fire and smoke doors were non-compliant with over 935 failure items!
We track thousands of certificates for our clients and have seen quite a few bad quality documents. Had an absolute classic one a few days ago, so I thought I’d...
Compliance administration is a three legged stool and when it breaks, it can be a very painful experience.
Because of IoT, many maintenance schedules will soon go the way of the dinosaur. So what happens to the thousands of national and international standards and regulations that define maintenance...
Websites selling template Safe Work Method Statements (SWMS) for activities like carpet cleaning, hand tools etc. drive me crazy, it's just wrong.
First published by Procurement Professional, the official magazine of CIPS Australia, June 2011 Purpose Actions by suppliers are damaging brands and reputations and more and more company directors, officers and...
Not only is there confusion around some of the IT buzzwords floating around, some people question if “IT fads” can deliver measurable business benefits for an industry. This article clears...
Why organisations are COINing it to protect their brand and reduce their risk.
Are your suppliers putting your company's brand and reputation at risk? The importance of supplier compliance management and the impact of the COIN approach.
Summaries the key findings of the survey into the Importance of Supplier Compliance Management carried out by Strytex during May 2010.
Collecting compliance information from suppliers and subcontractors is a costly, time-consuming, soul-destroying task. Nigel Dalton-Brown suggests an alternative approach which distributes the administration costs across the industry.
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
Increased revenue
Build trust and confidence. Win new business and establish long lasting relationships with your customers.
Increased efficiency
Implement a single source of truth. Eliminate duplication, minimise wasted time searching for documents and enable fast access for timely reporting and decision making.
Increased assurance
Protect your brand and reputation. Track and measure compliance across mandatory and voluntary obligations to improve decision making.
Reduced cost
Compliance administration costs 6.24% of employee expenses. Increase efficiency and effectiveness and reduce this cost by up to 33%.
Reduced risk
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.
Reduced stress
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:
GORC/DIKW
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.
Testimonials
Be Part Of The Discussion And Join The Community!
Subscribe To Our Newsletter
Strytex is a simple idea, a simple decision and a simple solution.
You can comfortably send us your coperation messages at any time.We will do our best to get the answer back to you as soon as possible.
Get in touch
So what's next?
Take a look around and get in touch.
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.
