Press Release - Solvay Advanced Polymers Implements Stature from IHS to Standardize Risk AssessmentsToronto, Canada – February 15, 2011 – IHS today announced that Solvay Advanced Polymers, a leading plastics producer and division of Solvay (NYSE Euronext: SOLB.BE), has chosen Stature from IHS to standardize risk assessments and share enterprise risk data across locations. The Stature platform is available in Australia and New Zealand via EnVizTec’s partner agreement with IHS Inc., the market leader in Operational Risk Management and Quality Risk Management solutions. Previously using IHS' best-selling desktop software, IHS PHA-Pro, Solvay needed the flexibility and accessibility of a web-based solution to share risk assessments and enable collaboration across departments. With Stature, Solvay can configure templates to suit each location, and create a consistent method for analyzing risk across departments. With one consolidated tool all for risk management efforts, Solvay Advanced Polymers will gain operational transparency and visibility of risk, and be able to prioritize mitigation strategies. The dashboards and built-in search engine that Stature provides, as well as the ability to track recommendations from start to finish, will increase the effectiveness of Solvay’s controls and ensure the entire company continues to produce safe, reliable products. Stature, a web-based solution, allows all users to access and edit risk assessment data, and will not only link past and present studies, but also create a database of corporate knowledge for future use. The increased flexibility and visibility that a web-based solution provides was imperative to Solvay’s choice. With access to data from across risk assessments, extensive knowledge libraries and standardized templates, Stature will save time while ensuring corporate consistency across all past, present and future risk studies. "Having already used IHS desktop software, we were well aware of the usefulness of the configurable, standard templates and risk assessment solutions it provides,” said Ted Gadziemski, HSE Manager/PSM Coordinator, Solvay Advanced Polymers. “The scalability of Stature will allow us to implement an enterprise risk management solution to a number of sites in the near future, making our overall risk strategy a standardized, global effort.” About IHSIHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs 6,700 people in 31 countries around the world. About EnVizTecEnVizTec is a provider of technology and services to fulfill the needs of progressive companies to achieve high levels of operational excellence, innovation, collaboration and continuous improvement in quality and safety. EnVizTec provides a range of solutions which leverage our collective experience in Operational & Quality Risk Management, Product Innovation and Collaboration tools. Our experience extends across a wide range of industries including Automotive, Aerospace & Defence, Manufacturing, Consumer Goods, Process, Energy and Resources via long-term relationships with industry-leading corporations and suppliers. |