This week in the GRC space, there were significant releases from both EMC and IBM’s new acquisition OpenPages. Compliance vendor Compliance 360 looks ahead in 2011 to how the directors of major corporations will react to GRC over the year, and open source OpenLogic reports record sales driven by its new open source compliance offering.
IBM’s OpenPages Releases v6.0
OpenPages 6.0 couples business intelligence with enterprise risk and compliance data aggregation and analysis for better insight into risk exposure, increased agility and improved decision making.
Based in Waltham, MA, OpenPages makes software that helps companies develop strategies for operational risk, financial controls management, compliance and internal audits, enabling enterprises to view data from different systems to get an idea of a business's total exposure to danger.
According to OpenPages, version 6.0 is part of a new generation of Enterprise GRC platforms in which companies can derive insight from GRC information, enabling organizations to align risk and performance management objectives to achieve better business outcomes.
It also includes significant enhancements to the Policy & Compliance Management (PCM) module, which helps enterprises react quickly to changes in regulatory mandates and manage regulator interactions effectively. The new version is due for release sometime this week.
EMC Outlines GRC Strategy
The second major GRC release this week is from EMC (news, site) Earlier this week, in case you missed it, EMC outlined how it viewed GRC in the coming years and how Archer, the GRC specialist it bought last year, would fit into that. The result is the RSA Archer eGRC Management Platform, which provides a basis of EMC’s newly formulated GRC strategy.
Speaking to CMSWire before the launch, Alex Bender, director of GRC programs and strategies, explained that while EMC is releasing the next generation of Archer eGRC Management Platform — which will be updated periodically over the coming year — the platform is also part of a wider strategy that will see developments across four areas, as well as new advisory services.