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Governance is a hot topic these days - a must have for SOA. However, corporate governance involves much more than just Web services. OpenPages provides a unified governance platform to manage the larger scope of corporate governance, including: Financial Controls Management, Operational Risk Management, IT Governance, and Strategic Performance Management (available Q4 2006). The platform includes a registry what defines business processes and policies defining how the organization should operate. This enables companies to operationalize policies, monitor the process in real time, and manage both compliance and risk.

Recently announced, the Financial Controls Management module provides a solution for worldwide governance of financial controls. After the corporate scandals in the US and implementation of the Sarbanes-Oxley act, other countries adopted similar regulatory requirements for financial controls and reporting. The Open Pages solution is a multi-lingual solution that supports English, French, Spanish, German, Chinese, and Japanese. The repository manages the relationship between different policies and how they are linked to the organizational structure. When a re-org happens, Open Pages can automatically support the change. It provides interactive dashboards what support drill down capabilities. Cognos is embedded into the product to support the drill down BI capabilities.

Open Pages has was founded in 1996 and began its product development in the compliance space in 2002. Headquartered in the US, it also has offices in the UK, France, Hong Kong and Japan. OpenPages is a profitable private company with 175 employees and 200 customers. Companies looking to manage compliance with financial controls regulations on a worldwide scale, or who are looking for a governance platform that will unify all aspects of corporate governance may want to take a closer look at OpenPages.

Posted by bethgb at 01:56 PM in Vendor Briefings | Digg This | Add to del.icio.us