21st May 2015, London, UK. StratexSystems, a market leading Enterprise GRC (Governance, Risk and Compliance) technology provider is pleased to announce that Risk-Based Performance Management: Integrating Strategy and Risk Management – the book authored by its CEO and co-founder, Andrew Smart – is soon to be published in Arabic.

The book provides a proven, practical roadmap that board members and executives can use to successfully execute their strategy while operating at an acceptable level of risk, by understanding their risk appetite and placing it at the heart of their strategy.

Risk-Based Performance Management sets out the methodology that provides the foundations for StratexSystems’ StratexPoint solution, which integrates strategy execution and risk management within a single Enterprise GRC solution.

StratexPoint allows organisations to move beyond a tick-box approach to risk and regulatory compliance, to an approach that starts with strategic and operational objectives and focuses on delivering value to stakeholders, regulators, customers and the Board.

The Lead supervisor of a European financial regulator said: “Stratexpoint is the right software solution for regulators looking to take a risk-based approach because its underlying approach [Risk-Based Performance Management] reflects how we need to regulate and how we want our regulated firms to manage their businesses."

Andrew Smart, CEO and co-founder of StratexSystems, said: “Risk is not optional; risks must be taken to deliver strategic and operational objectives. Risk-Based Performance Management provides an approach that enables organisations to balance risk-taking and regulatory compliance with successfully delivering their strategy, while operating within appetite.

“The level of activity in the enterprise performance and risk management space in the Middle East is increasing, and organisations are moving fast to apply next generation solutions, including management tools. It is exactly the right time for us to be offering an Arabic language version of this book.”

Risk-Based Performance Management: Integrating Strategy and Risk Management covers topics including:

  • The case for integrating risk management and strategy execution
  • Key steps to implementing the Risk-Based Performance Management framework
  • The critical role of risk appetite in formulating and executing strategy
  • The use of business drivers to clarify objectives and define risk appetite levels
  • The Strategy Map: a practical tool that uses indicators to build a complete picture of risk management within an organisation – now and in the future
  • How to align risk-taking to strategy – linking key risks directly to objectives and using the Appetite Alignment Matrix to ensure ‘operation within appetite’
  • The critical role of a ‘risk aware’ culture as an enabler of change.

Buy the book in English here

Read more about the RBPM Methodology here


For more information on StratexSystems, please contact:

Eliza Hawthorn Marketing and PR Executive, StratexSystems

About StratexSystems

StratexSystems is a market leading provider of an Enterprise GRC (Governance, Risk and Compliance) software solution to the global financial services, regulatory bodies and related markets. Since 2010, StratexSystems has been challenging the traditional GRC and risk management providers with its integrated approach and proven track record of delivering real, tangible and measureable return on investment and business value.

Through the deployment of our StratexPoint solution, our clients have been able to significantly reduce the volume and value of their operational losses, leading to reductions in their regulatory capital, improvements in their credit ratings and improvements in their cost of capital. As our solution is built on the Microsoft SharePoint platform, our clients have been able to leverage their existing technology investment and deploy the solution across the enterprise to embed risk management and, specifically, risk appetite at the heart of strategic and operational decision-making.

About StratexPoint

StratexPoint is an Enterprise GRC (Governance, Risk and Compliance) solution built on the ubiquitous Microsoft SharePoint platform. With support for each of the three lines of defence, the solution is comprehensive in nature but modular in deployment, delivering a high ROI, high user adoption and high levels of assurance to your Board and Regulator(s) that you are operating within appetite.

Our software is the market leader within the UK challenger bank industry and the emerging leader within European financial service regulators. We also work with several global investment banks, a number of insurance firms and a handful of asset managers. It automates risk management work flows, engages front line staff, captures and analyses risk events and shows regulators you are putting risk at the heart of your company culture.