Initiative Management – The ‘Lite Touch’

A critical part of delivering performance targets and managing risk is managing and aligning the organisational change agenda, which can be made up of short term actions and longer term initiatives. Additionally, ensuring initiatives and actions are managed and aligned will reduce waste and save scarce capital.

Research shows that there is significant waste and room for improvements within organisations' capital expenditure related to actions and initiatives. Indeed it has been estimated that organisations waste between 20% - 40% of their capital expenditure through a lack of alignment. Therefore continuously managing the portfolio of initiatives and actions is a critical management activity.

StratexPoint is designed to provide a ‘lite touch’ approach to portfolio management, uniquely integrating initiatives and actions management within an overall performance and risk management solution.

The flexibility of the solution means organisations can deploy it in various ways; they can manage initiatives-related risks and controls, monitor the performance of initiatives, and continuously manage the alignment of the portfolio of initiatives. Specifically, users are able to:

· Align their initiatives to objectives, controls and risks

· Apply KPIs around each initiative

· Define risks and controls, with associated indicators and assessments for each initiative

· Define tasks for each initiative and link those initiatives to Microsoft project tools, including Microsoft Project Server and Microsoft Project 2007/2010

Compliance – Keeping up with the Regulations

Organisations in many industries are facing a wave of new regulation and pressure from external stakeholders, including governments, regulators and clients, to improve their governance. Ensuring compliance in this changing regulatory environment is a challenge for many organisations, as is ensuring that the internal controls environment is robust and effective.

Developing and managing an effective, 'no surprises' internal controls environment is the only way to provide assurance to management, regulators and other stakeholders that your organisation is operating in a controlled manner and meeting its regulatory and legal responsibilities.

StratexPoint is specifically designed to support organisations in developing a robust and effective internal controls environment. The solution enables users to:

· Define key controls

· Define processes and systems, and their related risks and controls

· Define a set of Key Controls Indicators

· Assess controls related to the processes and systems

· Define accountability for risks and controls to individuals

· Automate process and systems related risk and controls dashboards and reporting, while enabling advanced analytics

· Encourage a collaborative approach to delivering performance via commentary, alerts and other web 2.0 collaboration capabilities Automating risk and controls dashboards and reporting, while enabling advanced analytics

StratexPoint and Enterprise Performance Management

StratexPoint enables the effective implementation of an Enterprise Performance Management approach, including the Balanced Scorecard, by:

· Developing clarity around the organisational strategic objectives

· Defining a set of Key Performance Indicators (KPIs) for each objective

· Aligning the organisational change agenda to deliver the objectives via initiatives and actions

· Encouraging the right performance culture using the RACI model to define ownership and governance

· Automating performance dashboards and reporting, while enabling advanced analytics

· Encouraging a collaborative approach to delivering performance via commentary, alerts and other web 2.0 collaboration capabilities