Implement And Sustain A Compliance Culture
Phase 2 The Single Source of Truth (SSOT)
Implement
Implement an effective compliance management system.
Maintain
Maintain your single source of truth.
Implement an effective compliance management system.
The implementation project assists staff members to build the baseline obligations register, single source of truth and control groups.
Once staff members have completed the development sessions and workshops, Strytex works with senior management to divide participants into two streams: the ORC stream and the LEGORC® stream. Depending on the size of the business, each stream consists of various assurance circles, like the quality circles on the 1990’s. Each circle workshops their section of the implementation project.
Strytex facilitates each circle, providing the technology platform and assuming the centralised consolidation and review function.
Assurance Circles
ORC
ORC circles employ a research-driven, top-down approach to build their section of the obligations register.
Using the ORC model, they work with internal and external subject matter experts to populate the obligations register.
Strytex provides online guidance to all ORC circles and facilitates regular reviews.
LEGORC®
LEGORC® circles employ a data-driven, bottom-up approach to build their section of the obligations register.
LEGORC® circles collect as many compliance documents as possible and develop the obligations register from the bottom up.
Strytex provides online guidance to all LEGORC® circles and facilitates regular reviews.
Purpose
Establish the starting conditions from which all improvements can be measured.
Objective
Build the obligations register, single source of truth and control groups to calculate the initial KPIs.
Benefits
Use the baseline to set realistic goals to inform and motivate stakeholders.
Maintaining the single source of truth
Compliance documents continuously expire – daily, weekly, monthly, yearly, every 5 years, even every 30 years.
Without continual maintenance, the single source of truth will rapidly fall out of date, even during the implementation period.
Don’t Worry! Strytex stays with you to maintain your SSOT.
We do the job everybody hates – we maintain all your internal and supplier compliance documents for you.
Red tape adminstration is our core business; don’t make it yours!
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.
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.
