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OpenPages configuration allows companies to deploy their specific risk management methodologies and to tailor the solution for specific roles and responsibilities, without custom code. In addition, this capability radically lowers deployment and total ownership costs. OpenPages provides a level of configuration that is unmatched in the industry.
Many companies are striving to use risk management for competitive advantage. These companies are seeking superior margins and the ability to effectively capitalize on industry opportunities to drive top-line results. As such, these companies have developed proprietary risk management methodologies and frameworks that enable them to reduce cost and improve decision-making to gain a competitive edge. Any risk management solution serving these companies must be able to adapt to these unique risk management methodologies and frameworks, and must be able to evolve over time, without custom code.
OpenPages’ metadata-driven application framework supports a level of configuration that can support a variety of roles and responsibilities on a single technology platform. For instance, OpenPages can provide an operational risk manager and a compliance manager with different, role-specific views for the same risk. In other words, the risk can be viewed from the compliance perspective as to its relationship to a particular regulatory mandate, and also viewed from the operational risk perspective as to its potential impact on a key business process.
OpenPages’ configuration capabilities make the solution easier to deploy. Objects, fields, drop down menus, and most application visible elements can all be configured through the user interface, eliminating the need to hard code data elements that cause problems as methodologies evolve. Further, once the solution is deployed, OpenPages can adapt to the changing risk landscape as new companies are acquired or new businesses are entered. The net result is that OpenPages provides the solution with the lowest cost of ownership on the market.
For questions or for more information on OpenPages' Enterprise GRC Management solutions, please click here or call us at 781.693.5999.
