New York, December 1, 2009 – PricewaterhouseCoopers LLP (PwC) and OpenPages, a leading provider of risk management software solutions, today announced a Joint Business Relationship (JBR) to deliver integrated governance, risk and compliance (GRC) solutions. The JBR will enable organizations to benefit from PwC's experience in risk advisory and software implementation services and OpenPages' software solutions. Together, PwC and OpenPages will help clients address the risk and compliance challenges they face in today’s increasingly challenging business environment and changing regulatory landscape.
"The current economic environment, combined with pressure from regulators, boards and stakeholders has encouraged companies to revisit, rethink and retool their approach to risk management at a strategic level. Effective risk management is a process, not merely a function,that must be embedded across the organization," said Joe Atkinson, principal in PricewaterhouseCoopers' Consulting practice. "We’re pleased to be teaming with OpenPages to help our clients become more risk resilient. OpenPages software can help companies standardize and streamline their risk management, compliance and related reporting processes. This enables companies to make risk decisions with increased confidence and clarity."
As a result of this joint business relationship, PricewaterhouseCoopers and OpenPages will be able to jointly deliver their solutions to organizations that will benefit from a solution that combines the industry knowledge and leading practices of PwC with a GRC technology platform. PricewaterhouseCoopers helps companies design and implement GRC frameworks that can help identify and meet an organization's business objectives more effectively. OpenPages offers a platform of integrated modules that enables the operationalization of such GRC frameworks. Through this business relationship, PwC will team with OpenPages to configure the OpenPages platform to suit client needs, and implement a customized GRC solution designed by PwC that can help organizations avoid unexpected outcomes while improving overall business performance.
OpenPages CEO Michael Duffy added, "PricewaterhouseCoopers is a global leader in risk management advisory services. Over the last year, we have seen increasing demand for OpenPages risk management solutions and we're excited to be teaming with PricewaterhouseCoopers to help our customers meet today’s risk and compliance challenges."
Our consulting professionals leverage our network of global resources and industry knowledge to help clients implement their business strategies and priorities to build effective organizations, innovate and grow profitably, reduce costs, manage risk and regulation, and leverage talent. As business integrators, we look across the entire organization -- focusing on strategy, structure, people, process and technology -- to help our clients drive sustainable change that yields measurable results.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for our clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.
OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what’s important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in the United Kingdom, distribution partners in Japan and South Africa and regional offices throughout North America.
For more information on OpenPages' governance, risk and compliance solutions, please click here or call us at 781.693.5999.
