Posted on June 11, 2012 by

One of the UK’s newest banks has chosen StratexPoint, a Risk-Based Performance Management application, to help grow its business

One of the UK’s newest banks has chosen StratexPoint, the latest in risk management technology, to help grow its business

StratexSystems’ latest software solution, StratexPoint, will play a key role in ensuring the successful growth and development of Aldermore Bank, a relative newcomer to the UK financial services industry.

Aldermore’s Chief Risk Officer, Steve Barry, says, “As a relatively new business we recognise that we need to continually invest and develop and we believe that by employing the StratexSystems product, StratexPoint, we will be able to improve the quality of our risk management processes which in turn will support the rest of the business in achieving our long term objectives. This product will take us from a simple automation process to an integration of strategy and risk – both of which are essential to the success of any business.”

StratexPoint is powered by Microsoft’s SharePoint technology and is unique in its ability to integrate strategy execution and risk management into one tool. The product enables businesses to improve the quality, accuracy and timeliness of their information and processes in order to support the execution of strategy and management of risk throughout the business.

In addition to improving its risk management systems, Barry says there were other significant factors, including the simplicity and flexibility of the solution, which contributed to making StratexPoint the “best option.”

“We were particularly impressed by the fact that anyone in the organisation can register a risk event via a very simple form. Being able to view performance against our risk appetite visually through dashboards was also attractive.”

“As a business we are delighted to have the StratexPoint product supporting us as we grow. I strongly believe the cultural benefits and return on investment we will deliver from implementing this solution will be significant” says Barry.

StratexSystems’ Sales Director, Guy Sutton, says, “Aldermore selected StratexPoint as its preferred Enterprise Risk Management solution following a rigorous evaluation of its comprehensive functionality and speed of deployment. Using the product will establish a robust framework for all risk-related activities to address regulatory compliance requirements, provide assurance to the Board and Senior Management and nurture a risk-aware culture. We are excited about adding Aldermore to our growing list of clients and look forward to working with them to deliver the expected return on investment”.

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Notes to Editor

To interview a spokesperson, please contact: guy.sutton@stratexsystems.com

For more information about StratexSystems visit: www.stratexsystems.com.

About StratexPoint

StratexPoint is an enterprise-wide Strategy Execution and Risk Management solution. Built on Microsoft’s SharePoint platform, it enables organisations to define their strategic objectives, align their risk appetite and manage key risks to enable the successful execution of strategy.

StratexPoint is unique in bringing together methodologies developed in the fields of performance and risk management. Using the Risk-Based Performance Management (RBPM) approach, StratexPoint allows organisations to successfully execute strategy whilst operating within appetite.