What is IBM OpenPages with Watson?
A fully unified, smarter GRC environment
IBM® OpenPages® with IBM Watson® is an AI-driven, highly scalable governance, risk and compliance (GRC) solution that runs on any cloud with IBM Cloud Pak® for Data. Centralize siloed risk management functions within a single environment designed to help you identify, manage, monitor and report on risk and regulatory compliance, especially in today’s changing business landscape.
IBM OpenPages with Watson: Overview (02:13)
Impact
Transforms workflow
2,500
See how Citi reimagined and transformed the daily workflow of the bank’s 2,500 auditors with the help of IBM’s Data and AI technology.
Highly scalable
2,500+
Supports more than 2,500 concurrent front-office to back-office users, allowing for continuous risk monitoring and oversight.
Pays for itself
218%
By avoiding regulatory penalties and reducing risk management efforts, see how organizations achieved a 218% ROI, according to the Forrester TEI report.
Benefits
Zero-training UI
Drive GRC adoption for all three lines of the business with a modern, task-focused UI to complete tasks.
Expertise with AI
Translate documents across 50+ languages, obtain 24/7 support with a GRC virtual assistant, promote accuracy and efficiency in incident reporting with AI relevant classifications.
Third-party integrations
Achieve data integration with comprehensive REST APIs that integrate GRC processes with third-party connectors.
Predictive insights
Provide insight into the state of risk across the organization with IBM Cognos Analytics for self-service data exploration and insights.
Automate workflows
Automate GRC processes in minutes and enhance, time to value with configurable workflows. New options include drag and drop functionality and workflow variables.
Deploy anywhere
Infuse IBM OpenPages anywhere, behind your firewall or on any cloud through IBM Cloud Pak for Data.
Features
Improve operational efficiency
GRC Workflow designer
Run out-of-the-box use cases on a scheduled basis with the embedded GRC Workflow feature. Drag and drop functionality enables administrators to modify or create new workflows through the user interface.
Common risk library
Enables unlimited levels of entities, processes, risks, and control hierarchies to match the unique structure of an organization. Eliminates redundancies through shared documents, processes, risks, and controls.
Business analytics and intelligence
Get insight into the state of risk across the organization with dynamic dashboards, charts, and dimensional reporting. Drill down through sub-reports for root cause analysis.
Develop key risk indicators
Create and monitor performance indicators for all key risks and controls. Track risk metrics and thresholds, with an automated notification when thresholds are breached.
Calculate the total economic impact IBM OpenPages with Watson can have on your organization.
News and announcements
See our product modules
Automate your GRC processes with ease
IBM OpenPages Operational Risk Management
Automate the process of identifying, measuring, monitoring, analyzing, and managing operational risks.
IBM OpenPages Regulatory Compliance Management
Drive efficient end-to-end regulatory compliance management.
IBM OpenPages Internal Audit Management
Automate and manage internal audits and conduct broader risk and compliance management activities.
IBM OpenPages IT Governance
Obtain a holistic view of IT risks and map them to business processes.
IBM OpenPages Third-Party Risk Management
Mitigate risks and improve business results with each of your vendors.
IBM OpenPages Model Risk Governance
Demonstrate strong model governance, reporting and compliance.
IBM OpenPages Risk Management for ESG
Enable environmental, social, and governance program management and compliance in an effective, holistic manner.
IBM OpenPages Business Continuity Management
Prepare your enterprise for business continuity and protect employees in the face of disruptive events.
IBM OpenPages Financial Controls Management
Reduce costs and complexity of complying with Sarbanes-Oxley and similar financial reporting regulations.
IBM OpenPages Policy Management
Keep your policies and procedures up to date with your internal and external obligations.
IBM OpenPages Data Privacy Management
Break down silos between IT and compliance for complete data privacy and governance.
Client stories
SCOR SE
To increase user engagement, streamline processes and bolster risk assessments across the enterprise with reduced effort, SCOR is using IBM OpenPages with Watson.
Aviva
Since joining IBM’s User Experience Program, Aviva has modernized its operational risk management solution with the help of new product enhancements to IBM OpenPages, opening up GRC capabilities to optimize the user experience.
Emerging Market Trends for Integrated Risk Management
Watch this video from IBM and guest Gartner® to learn how digital business strategies are transforming risk management.
