OpenPages, the leading provider of integrated risk management solutions for global companies, today announced that Old Mutual, a leading international long-term savings group based in South Africa, has selected OpenPages Operational Risk Management (ORM) software to improve its enterprise-wide risk management efforts.
Operational Risk Management with OpenPages ORM
OpenPages ORM (Operational Risk Management) software automates the process of identifying, measuring and monitoring operational risk, integrating all risk data in a risk analysis - risk and control self assessments, loss events and key risk indicators (KRI) - into a single solution.
* Risk Analysis & Risk Self-Assessment of OpenPages ORM
OpenPages' risk self-assessment capabilities enable organizations to document and evaluate their risk frameworks, including processes, risks, events, key risk indicators (KRI) and controls. Executive-level dashboard and reports provide visibility into the risk analysis, highlighting key risk metrics and policy compliance. Business process automation capabilities provide for real-time event escalation, automated risk processes, and streamlined remediation of issues and action items.
* Tracking Losses, Key Risk Indicators (KRI) with OpenPages ORM
With loss event tracking, risk managers can track loss incidents and near misses, record amounts, and determine root causes and ownership. OpenPages ORM provides statistical and trend analysis capabilities and enables end-users to track remedies and action plans. Key risk indicators (KRI) provide capabilities for tracking risk metrics and thresholds, with automated notification when thresholds are breached. OpenPages ORM provides facilities for both manual and automatic data inputs from internal and external data sources.