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Solutions

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 ComplianceExternal Compliance
MISSOTISSOTSSOTMISSOT
Sole traders, micro and small businessFor heavily regulated industriesMost popularFor 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 ComplianceExternal Compliance
MISSOTISSOTSSOTMISSOT
Medium businessMost popularExpert onlyMost popular
TeamMost popularExpert onlyMost 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 ComplianceExternal Compliance
MISSOTISSOTSSOTMISSOT
Large businessMost popularMost popular
CorporateMost popularMost 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 ComplianceExternal Compliance
CompanyStaffPropertyAssetsProductsProjectsCompanyStaffPropertyAssetsProductsProjects
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

Costs And Risks Of Non-Compliance

The COMPLEXITY of compliance

According to the Deloitte report “Get out of your own way. Unleashing Productivity”, Nov 2014, “we don’t even know how many government bodies there are that can set rules in the first place, let alone the number of rules those agencies have laid down…….Yes, that’s right – we can’t even count the rule-makers, let alone the rules.

Strytex reduces the complexity by creating a Managed Intelligent Single Source of Truth (MISSOT) for each business to help them keep track of their hundreds or thousands of compliance documents.

The COST of compliance

Compliance is a costly, mindnumbing, never-ending, soul-destroying task. It’s generally spread out piecemeal across an organisation, so no one really knows how much it costs.

Deloitte Access Economics estimates that rules and regulations cost Australia $249 billion per year, every year, of which, 20% is spent on administrative costs. According to the Deloitte report, “Get out of your own way”, Nov 2014, compliance administration has got so out of control that

  • 1 in 11, or 9% of employed Australians now works in the compliance sector,
  • Employees spend 8 weeks in every year administering and complying to compliance rules
  • Senior executives and middle managers spend 8h54 mins every week complying with corporate rules they have set for themselves. Other employees spend 6hrs 36 mins every week on the same.

So we have highly skilled (expensive) managers across Finance, Legal, Accounting, HR, WHS, Facilities, Contracts, IT, Food Safety wasting eight valuable weeks a year time on mundane, administrative tasks. Imagine the benefit if they were spending those eight weeks a year on strategic and operational issues.

Working with Deloitte we calculated that Compliance Administration costs each business 6.24% of employee expenses, or if you manage a small team 12.5% of total salaries. Yes, all that time and money is spent on paperwork!

By outsourcing to Strytex, a central Business Process as a Service (BPaaS), you can significantly reduce your cost of compliance administration. Strytex reduces the cost by focussing on the low-level administrative tasks and doing them very efficiently.

The RISK of non-compliance

Through no fault of their own, most small, medium and even some large organisations can’t afford specialist compliance managers across all the main area of compliance, namely, WHS, food safety, facility management, purchasing, supply chain, IT etc. Now, if there is an event with a failure to comply with WHS legislation, senior managers, the Persons Conducting a Business or Undertaking (PCBU) may be prosecuted even if no-one is injured.

More often than not, non-specialist business managers and office managers are put in charge of compliance. Not only are these managers not formally trained in all areas of compliance, it’s very difficult for them to keep up to date, which is no easy task. These business and office managers often wear multiple hats so compliance (complex and costly) comes last or is ignored until it’s too late. This double whammy of over-regulation and lack of training puts the vast majority of small, medium and even large organisations at risk. With non-compliant suppliers and contractors, reputational and brand risk is also a factor.

The Business Council estimates Australia has “well over half a million pages of regulation”, but no-one knows just how many individual rules that really means. In fact, we don’t even know how many government bodies there are that can set rules in the first place, let alone the number of rules those agencies have laid down. Yes, that’s right – we can’t even count the rule-makers, let alone the rules! and that’s just part of the problem. According to Deloitte, government, be it federal, state or local, only accounts for 37% of the rules. The vast majority of the rules are self-inflicted! Industries and organisations are creating the policies and rules that are causing most of the red tape!

Strytex reduces risk by sharing practical information to help keep business managers up to date.

The Benefits Of BPaaS (Business Process As A Service)

Focus on core competencies

Focus on core competencies

Compliance administration is not your core business. It is our core business, so we can do it faster cheaper and more accurately.
No lock in contracts

No lock in contracts

BPaaS is a monthly subscription so no 5 year lock in contracts.
No software development costs

No software development costs

The software platform is part of the BPaaS so no large up front development costs.
Elimination of persistent errors

Elimination of persistent errors

Because your staff are not loading compliance certificates all day, every day, mistakes are made. We’ve developed tools and techniques to eliminate persistent errors.
Reduced operational costs

Reduced operational costs

Many organisations ask highly trained senior staff to chase and load compliance certificates as party of their jobs. We use lower paid but highly skilled data entry staff.
No software support costs

No software support costs

All software support costs are included in the monthly subscription fee and are spread across all Members.
Increased organisational flexibility

Increased organisational flexibility

Compliance administration is ‘lumpy’. The workload is not constant. We take responsibility for the peaks and troughs for you giving you more flexibility.

Benefits Of Strytex

By providing a centralised outsourced service, Strytex

  • Reduces cost by sharing the administrative costs.

    Instead of every organisation chasing the same documents across multiple suppliers and contractors, Strytex does it once for the whole industry.

  • Reduces risk by sharing information across job titles.

    When we hear of something new, a change in the regulation or come across a really good way of doing things, we share it across the industry.

We will save you time, money and sanity. Sit back, relax and let us do all the hard work. Simply give us your documents and rules. We set everything up and keep everything up to date so you don’t have to.

All you need to do is log in to the portal to see who or what is non-compliant and then drill down to see why they are non-compliant. Oh yes, we also send you a monthly report.

You get a service not a product

You get a service not a product

Strytex is a service with real people. We do all the administration work for you. So instead of spending 8 weeks a year on compliance. you can spend that time generating profit.
A secure, managed, single source of truth (MASSOT)

A secure, managed, single source of truth (MASSOT)

Depending on which modules you sign up to. Strytex provides you with a secure managed online document store for all your compliance documents.
Get rid of boring paperwork

Get rid of boring paperwork

You need to know is who. or what. is non compliant and why. We do the boring paperwork so you can sit back and relax.
Executive dashboard

Executive dashboard

Thought your online portal, get a full 360' view of all your compliance risks across your Staff, Facilities, Suppliers and Contractors.
100% supplier participation

100% supplier participation

It's free for suppliers so they will all sign up.
Breadth of documents

Breadth of documents

We can store any type of compliance pdf document. We don't care if it's a food safety document. a licence or an insurance certificate. we can cope.
You are in control

You are in control

Your organisation is unique. so set your own mandatory documentary requirements. Don't settle for industry requirements.
Document verification

Document verification

We verify documents are loaded correctly. i.e start dates, end dates etc.
As we grow larger and as governments and industries open up their databases. we will also develop automatic daily validation of licences. insurance etc.
Eliminate false positives

Eliminate false positives

We check 2nd level attributes. such as insured value. For instance if you require $10 million insurance. but a supplier only has $5 million dollars insurance. we record that supplier as non-compliant.
Benchmark reports

Benchmark reports

As we grow, we will be able to give you on insights about your industry.
Customise your own SDS and PDS sub-libraries

Customise your own SDS and PDS sub-libraries

All Members have access to the global datasheet library and can create their own customised sub-libraries.
Cloud benefits.

Cloud benefits.

We give you all the benefits of a cloud based solution. i.e access from anywhere through a web portal and Microsoft Azure dependability and security.

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 bracketAverage 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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