Pentos is your partner for Governance, Risk & Compliance
Pentos is the first IBM Business Partner with OpenPages Accreditation in the German speaking world.
Transparency
By means of accurate, verifiable and up-to-the minute reporting
IBM OpenPages with Watson
According to Gartner and Forrester, IBM OpenPages with Watson is one of the leading solutions for GRC (Governance, Risk and Compliance) management software to be used in the private sector.
Since 2008, we have been implementing this cross-sector solution, giving customers the benefit of our in-depth knowledge and experience in this field.
Benefits of using a GRC Tool
IBM OpenPages with Watson version 9 is now available!
Unleash the Full Potential of your system with Exciting New Features, Enhanced Applications, Cutting-Edge AI Integrations, and a More Powerful Platform Upgrade Today and Embrace the Future. Stay Ahead of the Game with OpenPages 9.0
Provide an end-to-end, integrated view of risk across the enterprise.
With IBM OpenPages, you can provide just-in-time information to your users so they can make more risk-aware decisions in their daily work. OpenPages is designed to support agile development for accelerated time to value using a Common Data Model. A scalable GRC platform that grows with your business as your use case evolves, making the most of OpenPages’ comprehensive data integration toolsets and advanced analytics and AI capabilities. Reduce costs and manage risk with agility and flexibility.
Key features of this release include
Case Studies
Our references
As one of the world’s leading automotive suppliers, Continental knows that there are many bumps and hazards on the road to success. To help its business navigate them safely, the company introduced the IBM® OpenPages® GRC solution to better understand and manage a broad array of risks—relating to finance, compliance, product quality and more.
Continental
Driving efficient, effective risk management across the global enterprise with IBM OpenPages GRC
Spinning off complex corporate structures from huge parent companies requires enormous effort and many new and innovative solutions. “The new ICS platform allows transparent reporting on the effectiveness of our internal controls at any time,”
says Michael Flieger, Senior Vice President Corporate Audit, OSRAM Licht AG.
OSRAM Licht AG
Monitoring of adherence to internal and external regulations with a cloud-based internal control system tool
IBM OpenPages Modules
Operational Risk Management
Determine, control, monitor and analyze operational risks across the enterprise with a single integrated solution.
IT Governance
Sustainable concepts for the management of IT risks and compliance with rules that arise from handling sensitive data and from constantly changing legal requirements.
Policy and Compliance Management
Consolidate policy and compliance management and keep a grip on changes in the rules and interactions with regulators.
Financial Controls Management
Automate the management of financial control in order to meet Sarbanes-Oxley reporting requirements and other international standards.
Internal Audit Management
Enable your internal auditors to automate internal audits and thereby improve the management of risk and compliance processes.
Third Party Management
IBM® OpenPages® Vendor Risk Management supports companies in assessing and analyzing risks that are associated with the vendors they do business with.
OpenPages Regulatory Compliance Management
The IBM® OpenPages® Regulatory Compliance Management solution supports firms in breaking down regulations into a catalog of requirements, evaluating their impact on the business, and creating actionable tasks.
OpenPages Model Risk Governance
The IBM® OpenPages® Model Risk Governance solution supports firms in organizing and centralizing their model inventory. As a solution, it provides a configurable and customizable platform.
Business Continuity Management (BCM)
Prepare your company to continue operations and protect employees from incidents.
Data Privacy Management (DPM)
Simplify data protection and risk management reporting to ensure compliance across your organization.
Environmental & Social Governance (ESG)
Simplify the management of Environmental & Social Governance (ESG) risks and opportunities with the IBM OpenPages ESG solution to ensure sustainability compliance in your organization.
Successful implementation of GRC with Pentos as your partner
Implementation
We advise you on process optimization and take care of the technical implementation
Integration
By means of single sign-on, integration in legitimacy processes and your intranet, and by means of automated data import and export
Customizing
We adapt IBM OpenPages with Watson to suit your specific needs
Reporting
We deliver customized reports especially for you
Support
We offer flexible support-models to assist you after finishing your project
Hosting / Managed Service
Hosting of IBM OpenPages with Watson in German data centers, including Application Management
Important information on the topic – Governance, Risk & Compliance Management
INFOTHEK - What is Governance, Risk and Compliance Management?
OpenPages
Governance, Risk and Compliance Software from IBM
OpenPages
On-Premise or Cloud based Software- solution for your company
IBM’s GRC software is a platform that enables both small and large companies to manage compliance and risk requirements clearly and centrally in one system. The software offers various modules such as compliance management, policy management, risk management (general operational risks, IT risks, supplier risks,…), as well as modules for the internal control system and internal audit. OpenPages is complemented by IBM Watson cognitive elements to make it easier for users to manage GRC activities as part of their job.
Key features of the software include an integrated workflow component, dedicated user management, automated dashboards, and analytics and reporting capabilities.
According to Gartner and Forrester, IBM OpenPages with Watson is one of the leading governance, risk and compliance management solutions for enterprises. Pentos AG has been implementing this cross-industry solution since 2008 and thus offers its customers in-depth know-how and experience in this field.
What OpenPages GRC Platform solutions do we offer?
The following modules or solutions are offered:
Operational Risk Management:
This provides a fully integrated solution for operational risk management as well as control assessment, key risk indicators, managing loss events, advanced reporting and business intelligence. Various dashboard components are available to provide a view of risk across the enterprise and achieve Basel II AMA compliance in the banking industry, for example. Thus, with this one solution, operational risks can be controlled, identified, monitored and analyzed across the enterprise.
IT Governance: Due to ever-changing regulatory requirements and the presence of sensitive data, IT Governance provides a risk and policy-based approach through sustainable approaches to IT risk management, regulatory compliance, and a compliance initiative for the IT organization.
Policy and Compliance Management (Policy Management): To keep track of regulatory changes and interaction with regulators, an integrated solution is provided to reduce the complexity of achieving compliance with numerous industry-specific, ethics, privacy, and legal regulations.
Financial Controls Management (IKS): Automates financial controls, enabling automated assessment, testing, and certification operations to standardize and manage enterprise-wide Sarbanes-Oxley (SOX) compliance and other national and international requirements.
Internal Audit Management (internal Revision): provides an integrated audit management solution to manage the entire lifecycle of internal audits for a holistic view of processes, risk assessment, and control execution.
Third Party Risk Management (Customer and supplier risk management): IBM’s OpenPages Third Party Risk Management solution helps companies assess and analyze risks associated with suppliers, customers or partners.
Regulatory Compliance Management: Laws, regulations and guidelines can be managed with the IBM OpenPages Regulatory Compliance Management solution, and the impact on the company can be evaluated. Interfaces to data sources of regulatory changes enable the impact of changes to be incorporated into formal processes in the company, and to derive necessary measures and track their implementation.
Model Risk Governance: Companies are supported by the IBM OpenPages Model Risk Governance solution in organizing and centralizing their risk models.
Integration with IBM Watson gives OpenPages cognitive capabilities. Users can ask questions about GRC topics via chatbots (where can I find the current IT policy, how long does a password need to be, etc.), relationships are automatically shown (what control failed in the company to cause a particular loss event), users are helped to categorize data (which Basel risk category best fits a particular risk).
Pentos AG is IBM Business Partner
In order to successfully implement the GRC software OpenPages, Pentos accompanies its customers through the entire course of the project. This includes the following services:
- Analysis of requirements and consulting regarding best practices in process optimization.
- Implementation of the solution in close cooperation with the customer
- Customizing according to customer requirements
- Customer-specific reporting
- Integration of OpenPages with existing systems in the company (data integration)
- Flexible support models for the time after the implementation project
- Hosting and management of the application
