SOURCE: OpenPages

January 22, 2007 09:00 ET

OpenPages Introduces General Compliance Management Solution

OpenPages GCM Facilitates Compliance With a Multitude of Regulatory Mandates, Including Government, Industry, Privacy and More

WALTHAM, MA -- (MARKET WIRE) -- January 22, 2007 --OpenPages®, the leading provider of governance, risk and compliance management (GRCM) solutions, today announced the availability of OpenPages GCM(SM), a general compliance management software solution that reduces the complexity and cost of complying with numerous regulatory mandates, including:

Privacy:
--  GLBA
--  PIPEDA
--  EU Data Directive
--  HIPAA
--  California SB 1386

Anti-Money Laundering:
--  OFAC
--  PATRIOT ACT
--  Bank Secrecy Act
--  12 CFR 21.21

Industry:
--  21 CFR Part 11
--  FERC
--  NRC
--  Fair Lending Act
--  PCI

Best Practices/Internal Policies:
--  Ethics
--  HR policies
--  OSHA
--  Stock Options Processes
One of two new modules introduced with the OpenPages Governance Platform 5.0, OpenPages GCM automates the ongoing test, review, attestation and remediation of industry and privacy compliance processes, while helping to identify similarities between regulations to reduce redundancy and duplication of effort. Actionable decision support -- in the form of interactive dashboards and reports -- provide General Counsel and Chief Compliance Officers the confidence that compliance is achieved, risks are mitigated and corporate policies and procedures are enforced. (See OpenPages Introduces Next-Generation Software Platform for Governance, Risk and Compliance Management, 01/22/07.)

"In today's highly regulated business environment, managing compliance with multiple mandates has become a significant burden to organizations and exposes them to numerous risks if not achieved. However, with consolidation and automation, compliance initiatives become more efficient and manageable," said Brian Cleary, Vice President of Marketing at OpenPages. "OpenPages GCM provides organizations a single compliance management system that helps identify overlapping regulatory demands to streamline efforts and ensure that compliance requirements are achieved."

As part of the OpenPages Governance Suite, OpenPages GCM is a key building block in implementing an enterprise-wide risk management approach to Business Governance. OpenPages GCM delivers a policy-driven, process-centric way to manage compliance through risk and control self-assessments, end-user surveys, automated workflow and executive dashboards that provide management with the visibility, control and decision support required to manage compliance and optimize business performance.

About OpenPages

OpenPages is the leading provider of enterprise risk management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with regional offices throughout North America and international offices in London, Tokyo, Munich, Hong Kong, and Paris.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • Contacts:

    OpenPages
    Ed Thomas
    OpenPages
    781.693.5941
    Email Contact

    North America
    Michael Parker
    Lois Paul & Partners
    781.782.5714
    Email Contact

    Europe
    Charlotte Hanson
    Harvard Public Relations
    +44 208 759 3242
    Email Contact