Pentos is your partner for Governance, Risk & Compliance

The following modules or solutions are offered:

Operational Risk Management:

This provides a fully integrated solution for operational risk management as well as control assessment, key risk indicators, managing loss events, advanced reporting and business intelligence. Various dashboard components are available to provide a view of risk across the enterprise and achieve Basel II AMA compliance in the banking industry, for example. Thus, with this one solution, operational risks can be controlled, identified, monitored and analyzed across the enterprise.

IT Governance: Due to ever-changing regulatory requirements and the presence of sensitive data, IT Governance provides a risk and policy-based approach through sustainable approaches to IT risk management, regulatory compliance, and a compliance initiative for the IT organization.

Policy and Compliance Management (Policy Management): To keep track of regulatory changes and interaction with regulators, an integrated solution is provided to reduce the complexity of achieving compliance with numerous industry-specific, ethics, privacy, and legal regulations.

Financial Controls Management (IKS): Automates financial controls, enabling automated assessment, testing, and certification operations to standardize and manage enterprise-wide Sarbanes-Oxley (SOX) compliance and other national and international requirements.

Internal Audit Management (internal Revision): provides an integrated audit management solution to manage the entire lifecycle of internal audits for a holistic view of processes, risk assessment, and control execution.

Third Party Risk Management (Customer and supplier risk management): IBM’s OpenPages Third Party Risk Management solution helps companies assess and analyze risks associated with suppliers, customers or partners.

Regulatory Compliance Management: Laws, regulations and guidelines can be managed with the IBM OpenPages Regulatory Compliance Management solution, and the impact on the company can be evaluated. Interfaces to data sources of regulatory changes enable the impact of changes to be incorporated into formal processes in the company, and to derive necessary measures and track their implementation.

Model Risk Governance: Companies are supported by the IBM OpenPages Model Risk Governance solution in organizing and centralizing their risk models.

Integration with IBM Watson gives OpenPages cognitive capabilities. Users can ask questions about GRC topics via chatbots (where can I find the current IT policy, how long does a password need to be, etc.), relationships are automatically shown (what control failed in the company to cause a particular loss event), users are helped to categorize data (which Basel risk category best fits a particular risk).