Openpages operational risk management software

The software was designed and launched by openpages and is now a product of ibm corporation headquartered in new york, united states. Ibm openpages business software subscription and support. How to evaluate, select and implement enterprise grc software. Automates frequently performed calculations and assessment metrics. Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management solution, openpages grc, and fraud analytics. The metricstream m7 operational risk management app provides a comprehensive set of capabilities to establish risk management discipline.

Openpages solutions empower a riskbased approach to. Handle operational risks,governance, other risk and compliance. The app embodies a pervasive approach to operational risk management, and strengthens collaboration across the enterprise right from executives, to risk managers, to business process owners. Openpages software allows businesses to develop a comprehensive compliance and risk management strategy across a variety of domains including operational risk, financial controls management, it. Ibm openpages operational risk management automate the process of identifying, measuring, and monitoring operational risk, combining multiple forms of risk data into a single integrated module. This video from ibm explains how the eighth version of the openpages grc. The solution provides functional components including compliance, policy, operational risk, financial controls and internal audit management. Openpages is a governance, risk management, and compliance grc software package now owned by ibm in 1996, amherst, massachusettsbased american computer innovators aci, a company founded may 1990 began developing an electronic publishing system for news publishers and other media companies.

Ibm openpages risk operational management video youtube. Ibm openpages operational risk management overview malaysia. Ibms openpages acquisition adds risk management to business. Ibms openpages acquisition adds risk management to. Mizuho securities selects openpages to enhance their. The deal made for an undisclosed amount follows a period of partnership between the two firms, focused on openpages governance risk and compliance grc software. It delivers on the clear and present need in the marketplace for an integrated endtoend solution that enables organizations to connect internal grc policies and practices to the external regulatory environment. It helps in the management of risk and compliance initiatives across the enterprise, among other capabilities. In 1996, amherst, massachusetts based american computer innovators aci, a company founded may 1990 began developing an electronic publishing system for news publishers and other media companies. Openpages, by ibm is a cloudbased platform that helps businesses of all sizes manage compliance and risk requirements. Openpages orm is a key building block and operational risk management tool in implementing an enterprisewide, integrated approach to governance, risk. Ibm rolls out more big data tools for managed service providers.

Ways to help clients move data into their op risk frameworks are key to openpages win connectivity key to openpages success best operational risk management software. Ibm openpages operational risk management helps to automate the process of identifying, measuring, and monitoring operational risk. Ibm openpages operational risk management business for. Ibm news room 20100915 ibm to acquire openpages united. Openpages operational risk management software arms decision makers with tools to fully understand and interpret valuable business data regarding internal. Ibm to acquire openpages for grc, operational risk management. Openpages is the leading provider of integrated risk management solutions for global companies. Governance, risk and compliance management software to be used in the private sector. Aug 02, 2012 this feature is not available right now. This product is a very powerful tool to monitor and control the operational risk at your organization. Technology firm ibm has bought operational risk and compliance software firm openpages.

Ibm has agreed to acquire openpages, which designs riskmanagement and compliance software, as part of its attempts to build out its business analytics portfolio. Determine, control, monitor and analyze operational risks across the. Ibm acquired governance risk and compliance vendor openpages and plans to integrated its operational risk management capabilities with ibms business analytics software portfolio. The acquisition of openpages expands ibms business analytics capabilities to support compliance and risk management processes. Oct, 2010 openpages orm is a key building block and operational risk management tool in implementing an enterprisewide, integrated approach to governance, risk and compliance grc management. Adapts to your grc methodology maintain your current risk and compliance management processes while improving overall. Ibm openpages platform provides core services and functional components that span operational risk, policy and compliance, financial controls management, it governance, and internal audit.

Ibm openpages operational risk management overview united. Openpages is a governance, risk management, and compliance grc software package now owned by ibm. Openpages operational risk management software arms decision makers with tools to fully understand and interpret valuable business data regarding internal systems and processes and other key metrics that sustain organizational value and growth. Openpages software aggregates data pertaining to compliance and risk management including operational risk, financial controls management, it risk and internal audits to create an enterprise. Ibm openpages operational risk management united states.

Helps to automate the process of identifying, measuring, and monitoring operational risk. Ibm openpages internal audit management iam nexdimension. Ibm openpages is a governance, risk and compliance grc platform that centralizes services and components associated with the challenges and management of regulatory initiatives. It delivers on the clear and present need in the marketplace for an integrated endtoend solution that enables organizations to connect internal grc. Ibm openpages operational risk management identify, monitor. Openpages itg is a solution that facilitates excellence in information technology governance by aligning it policy, risk and operations management with corporate business initiatives, strategy, and operational standards. Ibm promotes openpages as a solution for addressing enterprise risk management erm. Union bank selects openpages operational risk management.

Sep 15, 2010 ibm acquired governance risk and compliance vendor openpages and plans to integrated its operational risk management capabilities with ibms business analytics software portfolio. Thats a prime reason why openpages, a waltham, mass. This integrated approach helps improve visibility into risk exposure, reduce loss and improve business performance. Ibm openpages operational risk management automates the process of identifying, analyzing and managing operational risk, and it enables businesses to integrate risk data into a single environment.

Ibm openpages operational risk management software. Ibm openpages operational risk management helps to automate the process of identifying. Openpages announced that mizuho securities has selected openpages operational risk management orm software to improve its enterprisewide risk management efforts. Specifically, it offers a comprehensive risk management system unmatched by other grc platforms.

Operational risk management app orm software solutions. Ibm openpages operational risk management overview ireland. Ibm to acquire risk management software provider openpages. This platform provides core services and functional components that span operational risk, policy and compliance, financial controls management, it governance, and internal audit. Union bank selects openpages operational risk management software to build an enterprisewide operational risk management framework and for integrated risk reporting. Ibm openpages grc platform provides the means to implement just such a framework. Ibm openpages operational risk management enterprise it.

It combines many forms of risk data, which includes risk and control selfassessments, loss events, scenario analysis, external losses, and key risk indicators, into a single integrated module. Openpages itg is a solution that facilitates excellence in information technology governance by aligning it policy, risk and operations management with corporate business initiatives, strategy, and. Ibm business intelligence and analytics openpages grc platform. Oct 21, 2010 with its acquisition of openpages, ibm expands its business analytics portfolio with new capabilities supporting integrated risk management solutions. Ibm openpages internal audit management automates internal auditing procedures and adds new efficiencies and muchneeded standardization to the independent assessment of risk, and compliance performance. The software was eventually marketed as an enterprise content management system under. Jun 01, 2006 the incidence of damaging risk events has been increasing, and has become a greater issue for cfos. Dec 18, 2019 ibm openpages is a risk and compliance management solution for businesses of all sizes. 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. Sep 15, 2010 ibm has agreed to acquire openpages, which designs risk management and compliance software, as part of its attempts to build out its business analytics portfolio. Ibm openpages grc platform is a suite of applications that supports enterprise risk management activities. The platform includes modules in financial controls management, operational risk management, policy and compliance management, it governance and internal audit management. Openpages is the leading provider of integrated risk management solutions. The key to successful operational risk management is a framework where insurers can define business processes and products and their associated risks, and put in place indicators and controls to manage those risks.

Openpages software allows businesses to develop a comprehensive compliance and risk management strategy across a variety of domains including operational risk, financial controls management, it risk, compliance and. Cba selects openpages operational risk management software. Openpages solutions empower a risk based approach to identify and manage key business. Ibm openpages operational risk management identify. As technology moves forward, the software also adapts by machine learning tethered with efficient volume handling and complex regulation. Openpages orm operational risk management software automates the process of identifying, measuring and monitoring operational risk, integrating. Old mutual, a south africabased financial services firm, has selected operational risk management orm software from openpages, a provider of integrated risk management solutions for global companies, to improve its enterprisewide risk management efforts. Ibm openpages operational risk management overview. Choose business it software and services with confidence. Automated tools to help you evaluate risk quickly and easily. Ibm openpages operational risk management overview australia. Connectivity key to openpages success insurance risk awards 2015. Ibm openpages operational risk management pricing united. Ibm openpages vendor risk management supports companies in.