IBM OpenPages solutions enable customers to manage risk and compliance initiatives across the enterprise helping businesses to reduce loss, improve decision-making about resource allocation, and optimize business performance.

 
  • GRC Platform
  • Risk
  • Policy & Compliance
  • Financial Controls
  • IT Governance
  • Internal Audit
  • Resources

An integrated approach to enterprise governance, risk and compliance

OpenPages GRC Platform is an integrated governance, risk, and compliance platform that enables companies to manage risk and regulatory challenges across the enterprise. It provides a set of core services and functional components that span risk and compliance domains, which include operational risk, policy and compliance, financial controls management, IT governance, and internal audit.

New streamlined process for submitting operational risk loss events

IBM OpenPages Loss Event Entry is a new feature of OpenPages GRC Platform V7.2 that provides a simple, intuitive, and lightweight interface through which infrequent or nonprovisioned users can submit operational risk loss events into OpenPages without being exposed to the full business user experience.

OpenPages GRC Platform improves overall usability and efficiency with a new set of features that are designed to increase overall productivity and enterprise-wide security. This release also introduces a model risk governance and regulatory compliance management capability. New features include:

  • Questionnaire-based assessment programs that enable you to engage with subject matter experts across the enterprise.
  • Easily accessible single purpose applications that are focused on infrequent users. Updated OpenPages API, the most comprehensive set of APIs, that enable customers to extend and more easily adapt the functionality of their existing solutions.
  • Improved usability for users by building new capabilities and enhancing existing capabilities in the application.
  • Global cross-object search capability.
  • Technical foundation upgrades.
  • Integrated Model Risk Governance and regulatory compliance management capability.

OpenPages GRC Platform V7.2 provides a powerful, highly scalable and dynamic toolset that empowers managers with information transparency and the ability to identify, manage, monitor, and report on risk and compliance initiatives, enterprisewide.

OpenPages GRC Platform V7.2 capabilities include:

  • Central platform for integrated reporting, workflow, and policies
  • Patented, adaptable framework that enables easy configuration
  • Interactive dashboards and ad hoc reports for decision support
  • Powerful workflow for automating business processes.

OpenPages GRC Platform V7.2 offers five modular solutions for enterprise GRC, which includes a capability for Capital Modeling, and new capabilities for Regulatory Compliance Management and Model Risk Governance.

Next steps

Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.

An integrated solution for managing operational risk

IBM OpenPages Operational Risk Management automates the process of identifying, analyzing and managing operational risk and enables businesses to integrate risk data into a single environment. This integrated approach helps improve visibility into risk exposure, reduce loss and improve business performance.

OpenPages Operational Risk Management allows you to embed operational risk management practices into the corporate culture, making procedures more effective and efficient.

Risk indicator tracking

  • Enables you to track risk metrics and thresholds, with automated notification when thresholds are breached.
  • Supports proactive management of key risks to improve corporate performance.

Single data repository

  • Provides document management with check-in and check-out, version control and audit trail capabilities.
  • Enables unlimited levels of entities, processes, risks and control hierarchies to match the structure of your organization.
  • Eliminates redundancies through shared documents, processes, risks and controls.

Business intelligence and decision support

  • Provides browser-based, drag-and-drop report design capabilities.
  • Delivers reporting on the current state of operational risk across the organization.
  • Lets you drill down through reports for root cause analysis.

Loss event tracking

  • Offers statistical and trend analysis capabilities to enable tracking of remedies and action plans.
  • Improves risk measurement and helps minimize losses.

Scenario analysis

  • Provides input for capital modeling.
  • Enables business lines to assess high-impact risk areas and emerging risks.

Next steps

Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.

Automation for the policy management lifecycle

IBM OpenPages Policy and Compliance Management is a single solution that enables organizations to consolidate policy and compliance management as well as manage regulatory change and regulator interaction. The software reduces the complexity and expense of complying with industry, ethics, privacy and government regulatory mandates.

OpenPages Policy and Compliance Management automates the policy management lifecycle so you can achieve compliance, mitigate risks and ensure adherence to corporate policies and procedures.

Single data repository

  • Provides document management with check-in and check-out, version control and audit trail capabilities.
  • Enables unlimited levels of entities, processes, risks and control hierarchies to match the structure of your organization.
  • Eliminates redundancies through shared documents, processes, risks and controls.
  • Regulatory library management

  • Tracks and monitors external changes to regulations, and uses version control and audit trails to evolve libraries over time.
  • Harmonizes compliance programs for departments to promote a standardized and efficient compliance approach.
  • Maps similar mandates to the same controls, reducing overall complexity and cost.
  • Multiple views of compliance

  • Lets you view the organizational compliance posture in multiple dimensions including regulatory mandate, business function and business entity.
  • Provides a summary of regulatory compliance from multiple angles such as functional areas, business units, region or individual mandate.
  • Business intelligence and decision support

  • Lets you drill down through reports for root cause analysis.
  • Provides browser-based, drag-and-drop report design capabilities.
  • Delivers reporting on the current state of operational risk across the organization.
  • Supports the immediate execution of risk mitigation strategies.
  • Configurable

  • Facilitates a flexible approach to compliance that can accommodate changes and align with your procedures and naming conventions.
  • Helps lower total cost of ownership.
  • Next steps

    Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.

    Financial controls management for Sarbanes-Oxley and financial reporting regulations

    OpenPages Financial Controls Management combines powerful document and process management with rich, interactive reporting capabilities in a flexible, adaptable, easy-to-use environment. They enable CEOs, CFOs, managers, independent auditors, and audit committees to perform all the necessary activities for complying with Sarbanes-Oxley and similar financial reporting regulations in a simple and efficient manner.

    OpenPages Financial Controls Management provides transparency into the state of financial controls and helps ensure that compliance demands are being addressed.

    Single data repository

    • Provides document management with check-in and check-out, version control and audit trail capabilities
    • Provides secure and centralized management of financial compliance data
    • Supports dependency mapping and the sharing of process documentation as well as associated risks and controls

    Business intelligence and decision support

    • Supports browser-based, drag-and-drop report design
    • Delivers reporting on the state of financial compliance, and ensures that issues are remediated quickly

    Risk and compliance automation

  • Enforces risk and compliance policies and procedures throughout the enterprise
  • Offers the capability to conduct materiality-based scoping
  • Identifies and remediates problem areas while streamlining risk and compliance productivity
  • Configurable and interoperable with other systems

  • Allows business users to configure forms, the user interface, languages, reporting, workflow and system settings
  • Interoperates with other technologies including financial consolidation systems, audit tools and continuous controls monitoring systems
  • Automates testing with live data from business applications
  • Next steps

    Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.

    IT risk management for the enterprise

    IBM OpenPages IT Governance aligns IT operations management with corporate business initiatives, strategy and regulatory requirements. The software allows you to sustain compliance across best practice frameworks and regulations while managing internal IT control and risk according to the business processes they support.

    OpenPages IT Governance lets you build a sustainable risk and compliance approach to address sensitive data, management of technology assets and regulatory requirements.

    Single data repository

    • Provides document management with check-in and check-out, version control and audit trail capabilities
    • Enables unlimited levels of entities, processes, risks and control hierarchies to match the structure of your organization
    • Eliminates redundancies and harmonizes controls across ITIL, Committee of Sponsoring Organizations (COSO)
      and ISO frameworks

    Business intelligence and decision support

    • Supports browser-based, drag-and-drop report design
    • Delivers reporting capabilities to monitor IT risks and ensure that issues are remediated quickly

    Comprehensive workflow

    • Tracks and documents relevant IT incidents and facilitates root cause analysis
    • Initiates investigative workflows driven by top-down planning and business risk
    • Identifies and remediates problems quickly to support enforcement of corporate IT governance policies

    Configurable and interoperable with other systems

    • Allows business users to configure forms, the user interface, languages, reporting, workflow and system settings
    • Interoperates with other vendor technologies including network and system management tools
    • Lets you take advantage of existing IT investments to lower total cost of ownership while improving IT performance

    Next steps

    Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.

    Automate internal audits and integrate with risk and compliance activities

    IBM OpenPages Internal Audit Management helps to automate internal auditing procedures and adds new efficiencies and standardization to the assessment of risk and compliance performance, which are designed to improve the efficiency and effectiveness of internal audit processes, while it helps you maintain independence and objectivity.

    OpenPages Internal Audit Management enables auditors to automate and manage internal audits, and conduct broader risk and compliance management activities. Key features include:

    Audit planning

    • Allows you to automate frequently performed calculations and assessment metrics.
    • Facilitates creation and maintenance of audit scope and objectives, resource scheduling and allocation, and the audit work program.
    • Promotes definition of the anticipated scope, risk assessment, procedures and schedule for each audit.
    • Can be configured to support many audit methodologies.
    • Workpaper management

      • Designed to streamline review and approval processes to drive down costs and increase efficiency.
      • Facilitates collaborative workpaper authoring and management, designed to result in higher quality and consistency.

      Time and expense recording

      • Helps you manage audit programs, and identifies opportunities for improvement.
      • Enables insight into operational effectiveness, and promotes fieldwork efficiency.

      Audit reporting and wrap up

      • Automate audit close processes.
      • Deliver capabilities to facilitate the reporting and escalation of issues and findings.

      Next steps

      Contact us today to learn how IBM OpenPages can help your company to maximize performance - you can complete the form or call us at 877-454-4898, and we would be delighted to consult with you and make specific recommendations.