A leading provider of operational risk and enterprise governance, risk and compliance (GRC) management solutions, OpenPages was founded in 1996 and was acquired by IBM in 2010 to join IBM’s Analytics Solutions division. IBM OpenPages GRC Platform facilitates an integrated approach to governance, risk and compliance with a single platform for operational risk management, policy and compliance management, financial controls management, IT governance, internal audit management, business continuity management, vendor risk management, regulatory change management, and more. With the embedded Cognos business intelligence engine, the OpenPages solution delivers interactive reporting, visualisation and dashboarding for enhanced, risk-aware decision making.
Business process automation capabilities provide real-time event escalation, automated risk processes, and streamlined remediation of issues and action items. Loss-event data collection allows risk managers to track loss incidents and near misses, record the amounts, and determine root causes and ownership. Key risk indicators can also be created to track risk metrics and thresholds.