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The importance of IT Risk and Compliance management has grown dramatically as business operations are increasingly dependent on information systems technology. IT related failures can have a serious impact on business performance and thus managing IT risks is a necessary component to ensuring overall corporate health.
At the same time, IT risk and compliance management has become more challenging due to the complex interdependencies between technology risk and business performance and the increasing complexity of IT compliance initiatives.
To date, organizations have had to rely on a fragmented and disparate approach to managing technology risk. Reliance on a siloed IT risk management approach is not only costly and inefficient, it lacks the contextual understanding of the real impacts that failures in technology processes and policies have on the business.
OpenPages ITG facilitates excellence in IT risk and compliance management by aligning IT policy, risk and operations management with corporate business initiatives, strategy and operational standards. OpenPages ITG allows you to manage internal IT control and risk according to the business processes they support. In addition, OpenPages ITG unites multiple silos of IT risk and compliance to deliver improved visibility, better decision support, and ultimately enhanced corporate performance.
Leveraging a core, shared-services and open architecture, OpenPages ITG makes IT risk and compliance management achievable, enabling organizations to sustain compliance across multiple IT best practice frameworks and regulations. With OpenPages ITG you can map IT policies and standards to authoritative sources such as ISO/IEC 2700x, CoBIT, PCI, FFIEC, HIPPA and NIST. Furthermore, you can add new content as your business evolves and new regulations, industry standards and best practices emerge.
As part of the OpenPages Platform, OpenPages ITG is a key building block in implementing an enterprise-wide, integrated approach to risk and compliance management. OpenPages ITG delivers a policy-driven, process-centric way to manage IT risk through control self-assessments, end-user surveys, automated workflow and executive dashboards that provide management with the visibility, control and decision support required to manage risk in IT and optimize business performance.
With OpenPages ITG, organizations instill IT risk management and IT governance as part of the corporate culture, making procedures more effective and efficient while providing management with peace-of-mind that the corporate brand is protected. Technology can play a vital role in transforming an organization's approach to IT risk management.
IT Governance has evolved from a concept to a business realty. Today’s competitive, dynamic global marketplace makes it imperative for organizations to harness IT to achieve product differentiation, superior customer service and cost-effectiveness. Since most of a company’s critical business functions are supported in some way by IT, it is essential that IT is governed according to the needs of the business and that risk exposure associated with each crucial business function is well understood and actively managed.
To read more about IT risk and compliance, visit our blog or view the on-demand webinar Tame the Beast: Reduce the Complexity of IT Risk and Compliance. For questions or for more information on OpenPages' IT Risk and Compliance Management solutions, please click here or call us at 781.693.5999.
