Ventana Research Analyst Perspectives

OpenPages 6.0 Enhances GRC by Integrating Data and Text

Posted by Robert Kugel on Apr 20, 2011 7:44:43 AM

Although I continue to believe that governance, risk and compliance (GRC) is not a firm software category, software vendors continue to add depth and breadth to their offerings that support corporate governance, help manage risks systemically in business and IT and provide greater visibility into compliance efforts. For example, with its release of OpenPages 6.0 IBM had made an important enhancement by marrying the document management capabilities of its OpenPages acquisition with Cognos’s Analysis Studio. Although automating documentation of regulatory compliance and risk management functions has value (in the sense of lowering the cost and increasing the probability of full compliance), incorporating analytics and the ability to perform contingency planning in concert with document-driven processes potentially multiplies the business value of such automation.

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Topics: Governance, GRC, Chief Risk Officer, IT Performance, Operational Performance, Business Intelligence, Business Performance, Financial Performance, compliance, Risk, risk management, Internal audit