Overview
As corporate risk management and compliance strategies continue to mature, organizations that adopt tightly integrated operational risk management strategies can greatly increase business performance while reducing losses and protecting investors and the corporate brand.
OpenPages Operational Risk Management software arms decision makers with tools to fully understand and interpret valuable business data regarding internal systems and processes and other key metrics that sustain organizational value and growth.
Key Features of IBM OpenPages Operational Risk Management
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Key Risk Indicators (KRI) Tracking |
Create and monitor performance indicators for all key risks and controls. Track risk metrics and thresholds, with automated notification when thresholds are breached. |
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| Single Data Repository | A central source for all risk documentation including entities, processes, risks, controls, tests, and test results. Full document management provides check-in/check-out, version control, and audit trail capabilities. |
| Business Analytics & Decision Support | Dynamic dashboards, charts, and dimensional reporting give insight into the state of risk across the organization. Drill-down through sub-reports for root cause analysis. Provides browser-based ad hoc, drag-and-drop report design. |
| Loss Event Tracking | Risk managers can track loss incidents and near misses, record amounts, and determine root causes and ownership. Statistical and trend analysis capabilities enable end-users to track remedies and action plans. |
| Scenario Analysis | Supplements risk assessment processes by identifying key scenarios and assessing their impact on the business. |
| 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. |
