IBM OpenPages GRC Services | GRC Consulting – iTechGRC
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
iTechGRC utilizing IBM OpenPages Operational Risk Management (ORM) solution, automates operational risk identification, measurement, monitoring, and analysis. The solution allows businesses to integrate risk data from multiple sources in a consolidated environment. IBM OpenPages Operational Risk Management automates and manages the process involving the following risk data:
It enables businesses to develop a centralized repository for all risk-related documents, including entities, processes, risks, controls, and tests. It provides necessary document management capabilities such as check-in/check-out, version control, and audit trail.
A feature designed for risk managers to track loss incidents and near misses, determine ownership, and perform root causes analysis. They can also track action plans and remedies with statistical and trend analysis capabilities.
Help risk managers to identify critical scenarios that may require additional risk treatment by enabling them to assess the impact of these scenarios on the business. Risk managers can also get inputs for capital modeling and evaluation of high-impact risk areas and emerging risks for various business lines.
Deploys automation to track issues through their entire lifecycle and creates a single source of truth. Provides a consolidated view of all the tasks assigned to various users across the operational risk domain, making risk decisions visible and actionable to all.
Intuitive dashboards and charts give insight into the state of risk across the business. The dashboard provides an on-demand browser-based drag-and-drop report design. Perform root cause analysis by drilling down through sub-reports.
Help risk managers understand the connection between GRC activities with ‘Tree’ view visualization. Interactive workflows enable a flexible approach to risk management by helping adapt changes and aligning with the organization’s existing procedures.
IBM OpenPages Operational Risk Management enables proactive management of critical risks that help mitigate risk seamlessly, improving revenues and profits. It allows risk managers to identify and handle high-risk and emerging risk areas. IBM OpenPages Operational Risk Management provides on-demand reports that deliver actionable insights on operational risk across the entire organization. It facilitates risk measurement that helps in minimizing losses.
Facilitates an adaptable approach to risk management that helps lower the total cost of ownership
Enables proactive management of critical risks that help mitigate risk seamlessly, improving revenues and profits
Allows risk managers to identify and handle high-risk and emerging risk areas
Provides on-demand reports that deliver actionable insights on operational risk across the entire organization
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