The OpenPages 5.5 Platform serves as the foundation for a company's enterprise risk management efforts through its ability to unite an organizationâs 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.
âAs an organization that is committed to embracing the holistic approach necessary to truly manage risk company-wide, we view OpenPagesâ technology as the central tool that allows us to take our risk management efforts to the next level,â said Charles Pavlounis, chief risk officer for D&B. âThe 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.â
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.
âAs 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,â said Gordon Burnes, VP of marketing and sales, OpenPages. âThe technology enhancements in OpenPages 5.5 truly equip enterprises with the tools needed to ensure that GRC practicesâparticularly in the critical area of risk managementâare as holistic and as comprehensive as possible to help companies manage through these volatile economic times.â