Adelaide based compliance and risk solution specialist MyCaRMS has expanded into the UK market, launching a subsidiary MyCaRMS UK Ltd and opening an office in Edinburgh. The increased presence in the UK is the next chapter in the success story of this quietly achieving, locally owned and operated business.
Initially finding a niche market in Australian credit unions, MyCaRMS has grown from five customers in 2008 to 70 in 2014. One credit union customer sums up their experience: ‘Although we had an adequate compliance and risk management system in spreadsheet form, myCaRMS has enabled us to take compliance & risk management to a new level. It has proved to be a timesaver and is extremely cost effective.’
In recent years, co-founder, owner and CEO Donald Halley noted and responded to an increasing demand in the UK for the myCaRMS product. ‘Last year exports accounted for over 30% of our business” he said. ‘The time is right to boost our presence in the UK.’
While building business in the UK MyCaRMS has continued to expand in Australia, finding that many in the not-for-profit sector are attracted to the simplicity and cost-effectiveness of the integrated myCaRMS package. ‘Solutions in Excel or Outlook may seem cheap but the cost of staff and ongoing maintenance is rarely taken into account’ Halley states. ‘myCaRMS is the perfect solution for organisations running on a tight budget.’
Globally myCaRMS is used by over 70 organisations with hundreds of users across four countries.
The myCaRMS (my Compliance and Risk Management System) software solution is an affordable and intuitive system which manages the complete lifecycle of compliance and risk including identification, assessment, treatment and review.
The system is highly customisable, enabling organisations to use existing methodologies, thereby leading to greater acceptance within the organisation, and an opportunity to embed compliance and risk in the organization. With integrated KRI and Incidents & Breaches functionality, myCaRMS facilitates the linking and assessment of all components often negating the need for separate registers and spreadsheets.
myCaRMS is used by over 70 organisations with hundreds of users across four countries.
Donald Halley (CEO) +61 8 7070 0991