OpenPages Strengthens its Leadership in the GRC Management Solutions Market with New Release

21 April 2008

OpenPages®, the leading provider of enterprise GRC management solutions that optimize business performance, today announced the availability of its enhanced best-of-breed governance, risk and compliance (GRC) platform offering—OpenPages 5.5. Version 5.5 leverages standards-based Web 2.0 technologies to deliver an enhanced user interface, more powerful security administration and advanced configuration capabilities. The improved 5.5 solution delivers on enterprise-wide management of risk by enabling firms to easily embed risk management into their everyday business processes and provides an unparalleled level of configurability to adapt to a company’s unique risk management methodology. In related news, OpenPages also announced the availability of OpenPages Hosting, a service offering that provides customers an easy and reliable way to deploy a secure, dedicated instance of OpenPages’ solutions without the administrative and internal IT costs associated with installing and managing an in-house system.

The OpenPages 5.5 Platform serves as the foundation for a company's enterprise risk management efforts through its ability to unite an organization’s risk and compliance initiatives into a single management system. With enhanced technology for individual and enterprise-wide risk support, OpenPages 5.5 uncovers firm-wide exposures to risk and supports risk-centric methodologies needed to proactively manage and mitigate risks at the business unit level. Furthermore, OpenPages 5.5 supports the integration of company-wide risks, resulting in more effective communication across management teams to ensure that qualitative and quantitative risk data is shared effectively across the enterprise.

“As an organization that is committed to embracing the holistic approach necessary to truly manage risk company-wide, we view OpenPages’ technology as the central tool that allows us to take our risk management efforts to the next level,” said Charles Pavlounis, chief risk officer for D&B. “The enhancements the company has made to the OpenPages Platform are welcome additions and will certainly help our Corporate Risk Management group to further refine and streamline our ongoing GRC efforts for the company.”

Organizations that leverage OpenPages 5.5 as part of their comprehensive risk management processes will experience benefits in the following areas:

Usability: Re-engineered from previous versions, the new OpenPages 5.5 boasts a user interface based on standard Web 2.0 technologies for improved ease-of-use and to facilitate the integration of risk and compliance activities with everyday business processes. Additionally, enhanced activity views in OpenPages 5.5 bring the right data together to perform specific GRC tasks that are critical to the overall strategic risk management process.

Configuration Extensions: OpenPages 5.5 provides users with the ability to easily adapt to existing risk and compliance methodologies and to be more agile in responding to the changing risk environment.
Security Administration: OpenPages 5.5 makes it easier for customers to manage large numbers of users with fine grained access to GRC data and allows customers to easily adjust to organizational changes within their businesses.

Solution Extensions: OpenPages 5.5 comes complete with market-leading solutions in policy management, compliance risk and IT governance as well as a new solution focused on the requirements of internal audit.

“As we continue to see the rippling effect from the credit crisis, risk management practices are being pushed to the top of the agenda at many public company board meetings,” said Gordon Burnes, VP of marketing and sales, OpenPages. “The technology enhancements in OpenPages 5.5 truly equip enterprises with the tools needed to ensure that GRC practices—particularly in the critical area of risk management—are as holistic and as comprehensive as possible to help companies manage through these volatile economic times.”

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