Q: Why did you take the role of Chairman with ComplyWise?
I only work with fast growth organisations that
are customer focused and believe in delivering
a great service. I have a particular passion for
companies that leverage technology in their service
delivery. ComplyWise ticks all these boxes – and
more. I saw in them a business with enormous
potential where I could make an impact.
When you make a decision like this, ticking your
own boxes is just the start though. Having done
this you have to be sure that the product offering
is something special. I contacted a number of key
clients who all heaped praise on the system and
service levels. I then looked at the management
team and found a combination of highly
experienced individuals along with some very
ambitious fast tracked managers. I felt that if their
key strengths were harnessed effectively, the
potential for the business would be enormous.
Q: So what is special about the ComplyWise product offering?
What is special is the way that ComplyWise
delivers its solutions. ComplyWise really “gets”
the concept of software as a service. When you
buy a ComplyWise solution, what you get is a
highly customisable e-learning system that can
integrate with your existing infrastructure and
grow to meet your future needs. You get a solution
that can take compliance training to every part of
your organisation in a way which doesn’t interfere
with the day job and that increases efficiency.
The potential of ComplyWise’s unique e-learning
platform is very exciting. I am really enjoying
working with them and looking forward to taking
it to the next level.
Q: You mention strengths. What are ComplyWise’s key strengths?
Without a doubt it’s the people they have
working for them. ComplyWise has a great team.
They are, without exception, fully focused on
consistently exceeding their customers’
expectations. Their client retention rate of 97%
is phenomenal, probably the best in the industry.
The fact that they doubled their sales in the last
year is further evidence that they are serving
their customers well and continuing to innovate
their solution.
Part of my job is to ensure that they maintain this
focus and growth rate. The CompyWise platform
needs to evolve to enable sustainable growth in
the long term, taking into account the changes that
will take place within the industry.
At present ComplyWise is the leading provider of
health & safety and compliance e-learning solutions
in the UK. I am committed to ensuring we maintain
this position in the future and expand further into
international markets.
Q: What do you think will be the significant changes in the industry over the next 10 years?
The compliance industry will become
increasingly consolidated. The product will become
much more sophisticated particularly in terms of
how the management platform operates and
interfaces with other business applications.
Perhaps the most fundamental change will be
how organisations integrate risk management and
compliance into mainstream business processes,
to the point where it will become another key
performance indicator (KPI).
This being so, many larger organisations will look to
develop training systems in house. My experience
of setting up a partnering ecosystem for Microsoft
informs me that these organisations will look to
other KPI linked industries and learn that having
an in-house expert partnering with technology and
solution specialists makes more sense.
Q: What do you think is the greatest
threat posed by these changes?
Because of the growing importance of
compliance issues, their presence in the board
room will become more and more prevalent.
Motivated by government tick lists and procedures,
there is a danger that the focus may get skewed.
Compliance is about creating the best environment
for your people. It is not just about ticking boxes.
ComplyWise’s platform and approach understands
this and enables organisations to build such an
environment, keeping their people at the centre yet
still ticking all the boxes.
Q: Are there opportunities for further growth?
Oh yes! ComplyWise has a fantastic platform
which it is delivering brilliantly. There is plenty of
potential to expand on this to build additional client
focused offerings and solutions. Every time the
government adds more red tape, ComplyWise has
the infrastructure to provide its customers with a
trusted, scaleable and easy to integrate solution
that will enable them to meet any new
requirements, profitably.
Then there is the opportunity of extending our
reach globally. Given the way our software can
be administered, i.e. hosted on a secure server
and accessed via the internet, this would not be
difficult. Indeed, whilst we are wholly UK based
at present, international companies are using our
standard to deliver e-learning to their offices
worldwide. In fact, our software is licensed for use
in over 30 countries across Europe, the Middle
East, Asia and the US.
However, the focus remains on the UK at present.
We need to further consolidate our business here
before being too proactive abroad. It is inevitable
though that, as more organisations adopt global
standardisation, we follow this route and look to
develop an international sales network. |