Reinforcing a culture of accountability and meeting regulatory requirements

Two major challenges facing the risk management team, and the wider management team is 1) developing the right culture around risk management and 2) meeting regulatory requirements, specifically been able to demonstrate that the risk management framework has been embedded into the organisation.

Working with clients recently, StratexSystems has enhanced StratexPoint to include an ‘Acknowledgement’ capability which prompts the ‘Accountable’ persons to ‘Acknowledge’ their most recent data, which could be indicator data, risk assessment data, control self assessment data etc.

Accountable’s Dashboard

Accountables Knowledgement Dashboard

Acknowledge Overview Dashboard

Knowledgement Overview

These capabilities are having a significant, and positive impact within our client’s organisations. Would welcome feedback and comments.

Upcoming Stratex Systems events (copy of email)

StratexPoint enabled us to reduce our operational losses by 60% and our economic capital provision by 23% - Head of Operational Risk – Financial Services.

Stratex Systems invites you to join us to learn how organizations like yours are employing our Enterprise Risk Management solutions to deliver strategic business value.  Our webinar, Leveraging StratexPoint for Enterprise Risk Management, will discuss how you can –

  • align risk appetite with risk exposure
  • reduce operational losses
  • integrate strategy and risk initiatives
  • provide a sustainable risk management culture that actually influences daily decision making
  • anything else you might want to add  – click here to submit a question

Click here for more information

About StratexPoint

StratexPoint is an enterprise-wide performance and risk management solution. Built on Microsoft's SharePoint platform, it helps organisations clarify their strategic objectives and determine how much risk they are prepared to accept in the execution of their strategy.

Click here for a client case study

Also, mark in your calendar for our upcoming events

8 March - Webinar, Leveraging StratexPoint for Balanced Scorecard.

23 March -Executive briefing (with Microsoft UK) – Enabling Enterprise Risk Management

We look forward to you joining us.

Leverage your SharePoint platform to deliver your GRC framework

Governance, Risk and Compliance (GRC) is a popular and broad term which put simply, provides a framework for collaboration between the traditionally siloed functions of governance, risk management, and compliance. Michael Rasmussen, who coined the term “GRC” while at Forrester, states  "It is to get different business roles to share information and work in harmony"

With collaboration as the watch word for not only GRC, but also widely used strategy methodologies, like the Balanced Scorecard, Microsoft’s SharePoint was the natural development platform on which to build our solution. As a leader in five Gartner Magic Quadrants - Portal, Enterprise Content Management, Search, Business Intelligence and Social Computing - SharePoint is one of Microsoft’s most successful enterprise solutions. It is also a solution around which a huge, and ever expending network of partners and application providers has focused development.

In the post-credit crunch age, many organizations are reviewing the technology they use for strategic processes, including GRC reporting.  Many of these organizations have SharePoint deployed but may not be fully leveraging their investment. StratexPoint is the only SharePoint application available today that fully supports and embeds collaboration into GRC processes. StratexPoint goes beyond traditional GRC solutions by offering a fully integrated performance and risk management solution that is specifically designed to support and align organization management information at both a strategic and operational level.

StratexPoint enables Risk-based Performance Management deployment across US retail bank network

Risk-based performance has been selected as the framework to support the roll out of an integrated, enterprise-wide performance and risk framework, after a rigorous proof of concept process.

This deployment will cover the entire US network of a US retail bank and will be enabled via StratexPoint, a SharePoint application for performance and risk management. Given the nature of this deployment with an emphasis on cultural change and the need to embed performance and risk management, collaborative nature of StratexPoint, the ease of roll-out to 1500+ users and comprehensive functionality was critical in the client’s decision-making.