Overview
As regulatory pressures continue to mount, businesses that take a more practical, cross-regulatory approach to managing compliance will alleviate increasing costs and complexity while gaining valuable insight into risks to key business processes that could affect corporate performance in the form of legal action, fines and penalties, damage to company reputation, and more.
OpenPages Policy and Compliance Management software consolidates policy and compliance management processes in a single solution, and provides a programmatic approach to managing regulatory change and regulator interaction.
Key Features of IBM OpenPages Policy and Compliance Management
| Single Data Repository | A central source for all compliance and 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. |
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| Regulatory Library Management | Maintains a centralized library of laws, regulations, and best practices. Tracks and monitors external changes to regulations and utilizes robust version control and audit trails to evolve libraries over time. |
| Multiple Views of State of Compliance | End users and administrators are able to gain a quick summary of regulatory compliance from multiple angles including functional areas, business units, geography, or individual mandate. |
| 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. |
| 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. |
