Corethix

Corethix

Software Development

Milsons Point, New South Wales 136 followers

Your Reputation is Everything

About us

To protect against integrity risks, organisations must ensure they have the right policies, procedures and culture. A framework which reflects the organisation's mission and values, and is compliant with legal and regulatory obligations. Further still, the right processes must be in place for people to understand and adhere to the integrity framework. Not doing this leaves the organisation vulnerable to the reputational, financial and cultural impacts which cause long term damage. Corethix is an integrity risk management software solution which meets the needs of the organisation's board, management and employees. It provides the organisation with a multi-functional integrity risk management tool which enables employees to access and understand policies and procedures and record incidents. Provides management with the data and insights to demonstrate proactive risk management and to account for decision making. And gives the board assurance strategic objectives are being achieved within the organisations risk appetite and compliance obligations.

Industry
Software Development
Company size
11-50 employees
Headquarters
Milsons Point, New South Wales
Type
Privately Held
Founded
2018
Specialties
integrity risk management, compliance, ethical decision making, culture, board assurance, information technology, fraud and corruption, conflicts of interest, gifts and entertainment, risk management framework, investigation, and workplace misconduct

Locations

Employees at Corethix

Updates

  • Corethix announces the release of a major new module - Risk Register. The Corethix team is pleased to reveal the launch of our new Risk Register module. This tool allows for the centralised storage of all risk-related information, ensuring it is easily accessible. Designed with a user-friendly interface, it simplifies the process for administrators to create a risk matrix, manage identified risks, and monitor mitigation actions effectively. Effective risk management involves regularly assessing and documenting your business risks, evaluating existing controls for their effectiveness, and proactively addressing identified issues to manage risks within your risk appetite.  The Corethix Risk Register module accomplishes this by offering a comprehensive risk register dashboard with analytics, providing real-time updates on identified risks and showcasing all the essential data related to how you manage those risks. This facilitates proactive management, timely reporting, and maintains an audit trail of historical information. https://lnkd.in/gtpEZUqN

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  • ✍️ Corethix appoints new South African Partner – Cyclopedic Consulting With conduct risk on the rise globally and impacting businesses of all sizes across all industries, Corethix is fast becoming the solution of choice to support Boards and Executives to combat this increasing challenge. Conduct, Governance, Risk and Compliance (CGRC) practice specialists Cyclopedic Consulting, based in South Africa, recently approached the Corethix team to evaluate the platform as a tool to enhancing the existing offer to their clients. “We decided to review the Corethix platform as a truly remarkable tool to assist companies to manage the culture of integrity, seeing that it can pro-actively impact upon an organisation’s culture within a short space of time, if implemented judiciously.“ remarked Tsholofelo Pooe, a Director at Cyclopedic. “The Integrity Risk Index (IRI) has been designed to provide a high-level overview of the performance of organisations’ integrity risk by calculating a weekly IRI score based on the IRI integrity categories. The IRI dashboard provides a single measure and trend of the performance of an organisations’ integrity risk and provide suggestions for improving your IRI score by using diagnostic analysis algorithms built into the Corethix platform software which was the main reason why we decided to investigate and collaborate with Corethix, seeing that this organisational view can provide a very powerful management aid to organisations.” said Harry Pretorius from Cyclopedic. “Cyclopedic Consulting is a specialist group of consultants that have the in-depth knowledge and experience in the CGRC domain that complements the value-add we see Corethix offering in this space. We are pleased to partner with Cyclopedic Consulting to add Corethix to their portfolio of services” said Christopher Crowe CEO at Corethix. “We have a number of clients in South Africa already using the Corethix platform and with Cyclopedic Consulting now officially a partner, this installed base will only expand.” www.corethix.com & www.cyclopedic.co.za

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