StratexPoint is an enterprise-wide Governance, Risk and Compliance (GRC) solution. Built on Microsoft's SharePoint platform, it enables organisations to clarify their strategic objectives, align their risk appetite and manage their key risks to enable the execution of their strategy.

StratexPoint is unique in bringing together methodologies developed in the fields of performance and risk management. In 1992, Robert Kaplan and David Norton developed the concept of the balanced scorecard. The balanced scorecard is a strategic planning and management system used in business, government and non-profit organizations to align business activities to the vision and strategy of the organisation.

In the same year, the COSO Integrated Internal Controls Framework was released. This framework was followed by the COSO Integrated Risk Management Framework. These COSO frameworks formed the basis of many other risk and compliance related standards, including recent standards such as BS31100, ISO31000 and ISO31010.

In 2007, in response to demands from leading organisations in many industries, these leading performance and risk management approaches were brought together in an integrated methodology; Risk-based performance. This methodology is designed to enable organizations to drive strategic execution by taking an integrated approach to performance and risk management. 

StratexPoint is unique in supporting these leading best practice approaches to performance and risk management within an integrated, collaborative solution powered by Microsoft's SharePoint platform. 

StratexPoint enables senior executives to effectively manage the risk and reward equation for their organisations, leading to better management discussions, decision-making and action-taking. Some of the activities which are supported by StratexPoint include: 

• Defining strategy maps and strategic objectives

• Defining Balanced Scorecards, with KPIs, Initiatives and actions.

• Defining and managing key and emerging risks using risk maps

• Defining and monitoring risk appetite

• Calculating, managing and monitoring the alignment of risk exposure to appetite

• Conducting risk and control self-assessments

• Managing and monitoring KPIs, KRIs and KCIs using organisational and personal dashboards

• Defining, managing and monitoring the initiatives and actions which make up the organisational change agenda

• Define and manage operational processes and systems, and monitoring their performance, risk and controls 

Business benefits  

The key benefits that organizations can realise by implementing StratexPoint include: 

• Effective execution of strategy  
• Aligning risk appetite with risk exposure 
• Reducing costs by reducing risk-related losses and eliminating misaligned projects 
• Improving capital management and utilisation 
• Improving regulatory compliance 
• Demonstrably delivering TCF and other regulatory commitments and requirements 

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