Overview
Leading businesses are able to adapt to modern internal audit challenges with flexible solutions that provide oversight committees and senior management with valuable insight into the effectiveness and efficiencies of business performance, while at the same time reducing the cost and complexity associated with growing risk and compliance demands.
OpenPages Internal Audit Management software empowers organizations with the ability to efficiently plan, execute, report on, and review their audit universe. Integration with other OpenPages modules (Financial Controls Management, Operational Risk Management, Policy and Compliance Management, and IT Governance) enables auditors to gain valuable insight across the entire organization and see management’s opinion of the risks to the business, compare the best practice control environment to the one that has been documented, and perform gap analyses to identify vulnerabilities and/or opportunities for improvement.
Key Features of IBM OpenPages Operational Risk Management
| Annual Planning | Supports top-down and bottom-up appraoches to risk assessment of the Audit Universe and creation of multi-year Audit Plans. |
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| Workpaper Management | Maintains a centralized library of electronic workpapers and provides the capability to automate workpaper review and approval. |
| Time and Expense Reporting | Manages auditor time and expenses online to avoid versioning conflicts and promote consistency. Reports against planned outcomes and deviations. |
| Audit Reporting and Wrap Up | Audit-at-a-glance reporting gives insight into issues, findings, and the overall internal audit report. Automates the audit close process. |
| Microsoft® Office and Smartphone Integration | Microsoft Office and smartphone integration lets users collaborate and access data anytime, anywhere. |
| Fully Configurable | 100% configurable by business users, including forms, user interfaces, language, reporting, workflow, and system-wide settings. |
