At Syntex, we help our customers manage enterprise risks, protect their reputations, enable sustainable development, maintain regulatory compliance, and enhance corporate governance. Syntex is a pioneer in Enterprise and Operational Risk Management software and is renowned for helping industry leaders effectively manage continuous process improvement on a global scale. Our solutions are used in a broad array of industries and are highly configurable to fit a variety of business practices. Our integrated performance management suite, IMPACT ERM, includes enterprise-wide incident management, risk assessment & audits, closed-loop workflow tracking, global action item management, management system integration, dashboard reporting and performance analytics.

Syntex’s customers leverage IMPACT software across a variety of disciplines including operations, total quality management (TQM), six sigma, accounting, internal audit, environmental, health, safety (EHS), homeland security, regulatory reporting, and corporate assurance. Also our solutions are configurable to support compliance management for a variety of regulatory and certification agencies including the Environmental Protection Agency (EPA), Security Exchange Commission (Sarbanes Oxley / SOX), Occupational Safety and Health Administration (OSHA), Department of Transportation (DOT), National Transportation Safety Board (NTSB), Federal Energy Regulatory Commission (FERC), Chemical Safety Board (CSB), Mine Safety and Health Administration (MSHA), Federal Railroad Administration (FRA), Food and Drug Administration (FDA), Consumer Product Safety Commission, Equal Employment Opportunity Commission (EEOC), and BASEL II. IMPACT enables this level of flexibility by providing the software platform to integrate all the various management systems our customers utilize to manage and grow their business. Empowered by the IMPACT software framework, companies can leverage a single integrated management system to monitor and manage the elements of all their underlying management systems (like COSO, COBIT, ISO9000, ISO14001, ISO 26000, PHA, Responsible Care, etc).

As a result, Syntex has unequaled expertise in making our customers successful and protecting their reputations by turning continuous improvement strategies into repeatable practices and policies using the power of our enterprise class software solutions.

Syntex Management Systems, Inc. was founded in 1995 to produce business software applications that specifically provide business leaders with “mathematically-grounded” information to guide performance improvement initiatives. Today, Syntex’s flagship product, IMPACT Enterprise®, is enabling business leaders throughout the world to minimize enterprise-wide exposure to risk impacting Safety, Environmental, Security, Transportation, Quality, Asset Integrity and other areas where operational risks persist. IMPACT Enterprise® applies enterprise-level web-based technology to integrate a central risk mitigation action item program with both reactive and proactive business processes for risk discovery – establishing a platform for continuous improvement of Enterprise Risk Management (ERM) activities. IMPACT Enterprise® provides a framework for the identification and analysis of the leading indicators for both incidents / loss events and operational performance improvement. Thus Syntex provides a unique solution to enable both risk reduction and continuous process improvement.

Strategic Benefits of ERM

Historically, Risk Management was seen as a business function to determine the potential areas of loss in a business, insure against those losses, and process claims for actual losses as effectively as possible. Today, Enterprise Risk Management is much broader than losses, insurance and claims. ERM is targeted at managing any factor that represents a threat to a company attaining its strategic objectives. The ultimate desired outcome is to reduce the variability in the organization’s process execution and thus produce more predictable financial and operational results.

The scope of the financial impact is on both revenue and net income because ERM is as concerned with revenue growth as it is with loss prevention. This expanded opportunity is based on the premise that an ERM initiative enabled by improved management system execution will increase risk mitigation effectiveness, reduce process variability, and help ensure that a company’s strategic objectives can be accomplished. Companies that have deployed a mature list of management system elements will yield greater returns and accomplish more of their objectives by integrating those management systems with a common set of risk mitigation processes and tools.