Solution Components that Enable Enterprise Risk Management

The OpenPages Platform serves as the foundation for a company's enterprise risk management (ERM) efforts by unifying enterprise-wide risk and compliance initiatives into a single management system. With Solution Components that include Policy Management, Issue Management, Risk and Control Self Assessments, KRIs and Loss Event Database, the OpenPages Platform provides a modular and integrated approach to governance, risk and compliance.

Enable Risk Management and Compliance Management – No Custom Code Required

The OpenPages Platform provides a complete set of Solution Components to address the spectrum of requirements for managing risk and compliance on an enterprise-wide basis. Each component provides a highly configurable capability that supports your specific methodology, without having to write custom code, whether in loss events, KRI or any other solution component. The result is that companies can embed risk management into the business and improve outcomes over time.

Specific benefits of the OpenPages Platform include:

• No change to your methodology: Most other companies either force you to change your risk management processes or to develop custom extensions to their software. Changes to your methodology due to an inflexible technology solution will negatively affect your ability to incorporate risk management into your business operations.
• Lower costs: Custom code is more expensive to develop for initial implementation and much more expensive to maintain and extend over time.
• Time to deployment: OpenPages metadata–driven application framework provides unparalleled configuration to support rapid implementation at a fraction of the time compared with custom development approaches.
• Future proofing: Your risk and compliance processes will evolve over time to meet changing business and regulatory requirements. OpenPages unique configuration capabilities will allow you to quickly adapt your risk framework to meet changing requirements while minimizing the impact on your business operations.

Beyond Risk Mitigation to Risk Management for Competitive Advantage

OpenPages Solution Components provide the visibility into the state of operations and the decision support to better understand how to respond when issues arise. Through dashboards and reports that surface issues early and provide real-time views for identifying key exceptions you will be able to be able to move beyond risk mitigation and leverage risk for competitive advantage.

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For questions or for more information on OpenPages' enterprise risk management solutions, please click here or call us at 781.693.5999.