IBM Finance Forum - Tools and principles in implementing GRC


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Johan Söderberg, Säljansvarig OpenPages Norden, IBM.
Gästtalare: Anders Hult, Partner covering GRC, Deloitte

Published in: Economy & Finance, Business
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IBM Finance Forum - Tools and principles in implementing GRC

  1. 1. Tools and principles in implementingGRC (Governance, Risk & Compliance)Mathias Sognefors (on behalf of Johan Söderberg)IBM Business Analytics Sales Manager
  2. 2. OpenPages software helps businesses establish and maintain a comprehensive compliance and risk management process across a variety of risk domains including operational risk, financial controls management, IT risk, compliance and internal audits.2 © 2010 IBM Corporation
  3. 3. Proven by the World’s Leading CompaniesFinancial Services Insurance Manufacturing Retail/Consumer Energy and Power Telecommunications Health Services / Pharmaceuticals3 © 2010 IBM Corporation 3
  4. 4. Recognized Enterprise GRC Platform Market Leader Magic Quadrant for EGRC Platforms The Forrester Wave: EGRC Platforms October 2010 July 20094 © 2010 IBM Corporation
  5. 5. Most companies are struggling with fragmentation of risk andcompliance information CEO/CRO/CFO/CIO IT Risk Financial Risk Compliance Liquidity Risk Operational Counter-Party Risk Risk5 © 2010 IBM Corporation
  6. 6. An integrated approach provides clear visibilityat the top of the business CEO/CRO/CFO/CIO Liquidity Counter- Finance Operational IT Party Compliance Risk Risk Risk Risk Risk6 © 2010 IBM Corporation
  7. 7. Overlap of GRC activities can cause redundancy ACTIVITIES Assess- Control Reporting Issue Policy FUNCTIONS ment Testing Mgmt Mgmt Risk Compliance IT Finance Audit7 © 2010 IBM Corporation
  8. 8. GRC also enables a risk-based approach to managing thebusiness Financial Business Processes, Processes Accounts Financial Operational Controls Risk Corporate Scope Assess Regulations, Goals Policy Risk-Based Approach Strategic Regulatory Risk Report Manage Compliance Applications, Auditable Systems Entities IT Internal Operations Audit8 © 2010 IBM Corporation
  9. 9. 9 OpenPages Enterprise GRC Platform integrates key GRC functions Internal Audit Operational Risk Management Management Financial Controls Policy & Compliance Management Management IT Risk & Platform Extensions Compliance Management 9 © 2010 IBM Corporation
  10. 10. Supporting the key requirements for GRC Requirement OpenPages Capability Integrate multiple areas of Central platform for integrated risk and compliance reporting, workflow, policies Support any risk Patented, adaptable framework management methodology enabling easy configuration Provide visibility into Interactive dashboards and ad- state of risk in business hoc reports for decision support Automate compliance and Powerful workflow for automating risk management activities business processes10 © 2010 IBM Corporation
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  12. 12. © Copyright IBM Corporation 2008 All rights reserved. The information contained in these materials is provided for informational purposes only, and is provided AS IS without warranty of any kind, express or implied. IBM shall not be responsible for any damages arising out of the use of, or otherwise related to, these materials. Nothing contained in these materials is intended to, nor shall have the effect of, creating any warranties or representations from IBM or its suppliers or licensors, or altering the terms and conditions of the applicable license agreement governing the use of IBM software. References in these materials to IBM products, programs, or services do not imply that they will be available in all countries in which IBM operates. Product release dates and/or capabilities referenced in these materials may change at any time at IBM’s sole discretion based on market opportunities or other factors, and are not intended to be a commitment to future product or feature availability in any way. IBM, the IBM logo, Cognos, the Cognos logo, and other IBM products and services are trademarks of the International Business Machines Corporation, in the United States, other countries or both. Other company, product, or service names may be trademarks or service marks of others. 18