IBM OpenPages is an integrated governance, risk, and compliance platform that companies can use as a tool to assist in managing 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 management, financial controls management, IT governance, internal audit, model risk governance, regulatory compliance management, third-party risk management, and business continuity management.
IBM OpenPages provides a powerful, highly scalable and dynamic tool set that helps empower managers with information transparency and the capability to identify, manage, monitor, and report on risk and compliance initiatives on an enterprise-wide scale.
- OpenPages Operational Risk Management
- OpenPages Operational Risk Management helps to automate the process of identifying, measuring, and monitoring operational risk. It combines many forms of risk data, which include risk and control self-assessments, loss events, scenario analysis, external losses, and key risk indicators, into a single integrated module.
- OpenPages Policy Management
- OpenPages Policy Management enables your organization to consolidate policy management. This tool can be used to automate the policy management lifecycle to help you to achieve compliance, mitigate risks, and adhere to corporate policies and procedures.
- OpenPages IT Governance
- OpenPages IT Governance helps to align IT operations management with corporate business initiatives, strategy, and regulatory requirements. This tool is designed to enable your organization 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 is a tool that helps your organization build a sustainable risk and compliance approach to address sensitive data, management of technology assets, and regulatory requirements.
- OpenPages Regulatory Compliance Management
- OpenPages Regulatory Compliance Management is a tool that can help break down regulations into requirements, evaluate their impact to the business, and create actionable tasks.
- OpenPages Model Risk Governance
- OpenPages Model Risk Governance is a tool that banks and other financial institutions can use to help address the risk that arises from the inaccuracy or misuse of models. Featuring dynamic dashboards for clear, concise reporting, this customizable platform enables firms to create and maintain a robust model inventory that can help track enhanced collaboration and regulatory compliance across multiple regions and geographies.
Enabling organizations to demonstrate strong controls throughout the model lifecycle, OpenPages Model Risk Governance provides management with the reporting tools and decision support necessary to promote model data quality, regulatory compliance, and overall financial risk governance.
- OpenPages Third Party Risk Management
- Vendors can be direct extensions of an organization. They support key processes. Private information can be shared with them and direct access to network resources can be provided to them to help them be more efficient. Based on the vendor’s security posture, any action can directly have an impact on the organization's compliance, brand, and operations.
OpenPages Third Party Risk Management, formerly known as OpenPages Vendor Risk Management, provides a scalable way to manage third-party compliance and risks as well as understand how each vendor or engagement relates to business processes. It provides organizations with a standard configuration to enable quick scaling to thousands of vendors and engagement assessments through its questionnaire self-assessment capabilities.
