Ibm bought openpages in 2010 as an egrc solution, which it used to add security to its business analytics applications. Ibm openpages grc platform solves the business challenge of offering a scalable solution to manage compliance issues. It provides organizations a standard configuration to enable quick scaling to thousands of vendors. Dell technologies rsa is a leader in the 2019 gartner magic quadrant reports for integrated risk management solutions, it vendor risk management tools, it risk management and business continuity management program solutions, worldwide.
View top listed vendors in vendor comparison quadrant. If you seek to understand software pricing model, get in touch with itqlick experts. Ibm offers a lighter version of the solution with slimmeddown functionalities and serves midsize customers with its outofthebox functionality. This platform provides core services and functional components that span operational risk, policy and compliance, financial controls management, it governance, and internal audit. The science of software costpricing may not be easy to understand.
The software was eventually marketed as an enterprise content management system under the brandproduct name openpages. It provides a scalable way to manage thirdparty compliance and risk. We are 8 months in to our grc process reset and we have selected the vendor participants for many of the use cases. Offers a range of capabilities that support thirdparty risk management and helps reduce the complexity in. Software subscription and support, also referred to as software. Read our product descriptions to find pricing and features info. Openpages also offers a cognitivedriven governance, risk management and compliance grc portfolio with watson. In 2010, openpages was acquired by ibm to become a part of their business analytics software division. Ibm is an established irm solution provider offering irm capabilities through its openpages grc platform, the report says. Not provided by vendor not provided by vendor best for. Era kairos is a growing cloudbased governance, risk and compliance grc software, it is designed to support small, medium and large size business. Yet another top grc software vendor has been acquired, following in the footsteps of paisley, archer, openpages, among others.
Ibm grc openpages grc platform ibm openpages grc platform is an integrated governance, risk and compliance platform that enables companies to manage risk and regulatory challenges across the enterprise. Also, many of these products are shells that can be programmed to do whatever you need them to do, so we are putting the emphasis on production usage. Ibm grc solutions, which are predictive, adaptive, and integrated, enable organizations to meet risk and regulatory compliance challenges. It then evolved into an enterprise content management system vendor before pivoting towards grc software. None of the grc vendors have market leading bcm solutions that are built on their grc. When comparing ibm openpages to their competitors, on a scale between 1 to 10 ibm openpages is rated 5. The openpages grc platform enables companies to manage risk, regulatory. Aci, a company founded may 1990 began developing an electronic publishing system for news publishers and other media companies. Grc is one of the most flexible terms in the vendor lexicon, because most of them use it to describe whatever they are selling. There are a variety of grc software offerings on the market for organizations to consider. Top 6 vendors in it governance, risk and compliance it grc.
For grc and risk management software, you can try starcompliance, capterra, or powerdms. Ibm acquires operational risk software vendor openpages. Easy for simple object configurations but if you want to do a workflows, triggers and notifications you will need to hire ibm to program it which is another costs to your already paid software and annual software support. Ibm openpages vendor risk management brings transparency into operational and security activities for vendors. In addition, choosing a sustainable operational model is quite important for an organization looking forward to grc assistance from foreign vendors. Though all are good software providers and ensure good gui and have enough experience in this field. One platform for managing multiple dimensions of risk.
The result is that companies can embed risk management into the business and improve outcomes over time. Ibm openpages vendor risk management resources united. As technology moves forward, the software also adapts by machine learning tethered with efficient volume handling and complex regulation. Ibm openpages vendor risk management overview united states. For a complete discussion of our reset process, read this post. Enables customers to manage risk and compliance initiatives across the enterprise, helping businesses to reduce loss, improve decisionmaking about resource allocation, and optimize business performance. The best grc solutions for small business to enterprises. For the purposes of this guide, we will stick to current grc capabilities. Grc is one of the most flexible terms in the vendor lexicon.
There are a huge number of vendors in the grc market, and competition drives a steady rate of consolidation. Metricstream is the independent market leader in enterprise cloud applications for governance, risk, compliance grc, and quality management. Openpages is a grc software produced by ibm in 1996, amherst, massachusettsbased american computer innovators aci, a company founded may 1990 began developing an electronic publishing system for news publishers and other media companies. Ibm open pages according to gartner and forrester, ibm openpages with watson is one of the leading solutions for grc governance, risk and compliance management software. Ibm openpages vendor risk management solution supports firms in assessing and analyzing risks that are associated with vendors.
Sep 27, 2017 and the regtech vendors are bringing to market niche solutions that fill the holes left by grc platform vendors. Sep 08, 2014 we are 8 months in to our grc process reset and we have selected the vendor participants for many of the use cases. In the wake of the growing need of grc technology solutions across enterprises globally, weve compiled a list of top 25 governance, risk, and compliance technology providers 2017. It then evolved into an enterprise content management system vendor before pivoting towards grc. The grc market is made up of more than 20 software vendors, some specializing in niche areas. How to evaluate, select and implement enterprise grc software. Ibm openpages grc platform monitors and measures the effectiveness of vendor risk mitigation and controls to improve business performance and help minimize disruptions resulting from a vendor s inability to deliver. Get to know a few of the available product options. Openpages grc platform is an innovative solution in handling large industry workload.
Products offered by ibm in the egrc market include ibm openpages grc platform, ibm openpages operational risk management solution, openpages grc, and fraud analytics. Etq reliance offers a quality management solution designed to help. Sitedocs vs openpages 2020 feature and pricing comparison. Dec 18, 2019 when comparing ibm openpages to their competitors, on a scale between 1 to 10 ibm openpages is rated 5. Weve been working in partnership with ibm, says gordon burnes, vicepresident, sales and marketing at openpages. Ibm openpages grc platform is a suite of applications that supports enterprise risk management activities. Openpages is a governance, risk management, and compliance grc software package now. We compared these products and thousands more to help professionals like you find the perfect solution for your business. Ibm to acquire openpages for grc, operational risk management. Find the topranking alternatives to ibm openpages grc platform based on verified. Sep 15, 2010 the grc market is made up of more than 20 software vendors, some specializing in niche areas. Openpages began as a company that developed electronic publishing systems for media companies.
The ibm openpages grc platform delivers a modular platform for foundational grc, enabling businesses to deploy scalable solutions for. The new ibm openpages vendor risk management solution supports firms in assessing and analyzing risks that are associated with the vendors they do business with. Not sure if sitedocs or openpages is best for your business. Top 10 governance, risk and compliance grc software itqlick.
The deal made for an undisclosed amount follows a period of partnership between the two firms, focused on openpages governance risk and compliance grc software. Bwise has always been an impressive vendor in the grc space, so first. This document describes the software that must be installed in the ibm openpages grc platform version 6. Easy for simple object configurations but if you want to do a workflows, triggers and notifications you will need to hire ibm to program it which is another costs to your already paid software and annual software. Ibm offers a lighter version of the solution with slimmeddown. Top 25 companies providing governance, risk and compliance. Works best in an environment with a grc program in place to improve overall efficiency. Jun 19, 2018 openpages vendor risk management provides a scalable way to manage thirdparty compliance and risks as well as understand how each vendor or engagement relates to business processes. Ibm openpages vendor risk management brings transparency into operational and security activities for vendors and the subcontractors they hire. Openpages competes with archer technologies, which was acquired by emc corp. Metricstream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor. The insuranceerm guide to grc software for insurers. Sai global compliance, logicmanager and nasdaq bwise are among the leading products in the grc software space, according to a new forrester research wave report.
To help organizations meet their most challenging risk and compliance requirements, ibm delivers markets only cognitivedriven grc portfolio ibm openpages with watson. Openpages vendor risk management provides a scalable way to manage thirdparty compliance and risks as well as understand how each vendor or engagement relates to business processes. Ibm openpages grc platform monitors and measures the effectiveness of vendor risk mitigation and controls to improve business performance and help minimize disruptions resulting from a vendor s. Flexible and configurable reduce your risk and compliance approach over time with a scalable platform that empowers you to deploy fit for purpose solutions. None of this is to say that grc users dont want common dashboards for monitoring and reporting on a lot of related functions but even in the same enterprise different users want to take a look at different sets of activities. Works best in an environment with a grc program in place to improve overall.
Specifically, it offers a comprehensive risk management system unmatched by other grc platforms. It was a hotly contested award, with several worthy contenders offering comprehensive risk management products tailored to the regulatory environment. The platform includes modules in financial controls management. Which companies are the main competitors in the grc. Grc is not a firm software category, software vendors continue to add depth and breadth to their offerings that support corporate. Custom price cost for your business is available upon request. Grc software, also called governance, risk management and compliance software, streamlines the processes of assessing risks, conforming to regulations and establishing enterprise policies, thus reducing costs and increasing opportunities for business improvement. This document also describes the software that will be installed during the installation process, either by the ibm openpages grc platform installer or thirdparty installers. Ibm bought openpages in 2010 as an egrc solution, which it used to add security to its business analytics. Top 10 governance, risk and compliance grc software. Though all are good software providers and ensure good gui and have enough experience in this. Dell technologies rsa is a leader in the 2019 gartner magic quadrant reports for integrated risk management solutions, it vendor risk management.
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