Old Mutual Selects OpenPages Operational Risk Management Solution

WALTHAM, Mass.--(BUSINESS WIRE)-- OpenPages^®, the leading provider of integrated risk management solutions for global companies, today announced that Old Mutual, a leading international long-term savings group based in South Africa, has selected OpenPages Operational Risk Management (ORM) software to improve its enterprise-wide risk management efforts.

Operational Risk Management with OpenPages ORM

OpenPages ORM (Operational Risk Management) software automates the process of identifying, measuring and monitoring operational risk, integrating all risk data in a risk analysis – risk and control self assessments, loss events and key risk indicators (KRI) – into a single solution.

• Risk Analysis & Risk Self-Assessment of OpenPages ORM
  OpenPages’ risk self-assessment capabilities enable organizations to document and evaluate their risk frameworks, including processes, risks, events, key risk indicators (KRI) and controls. Executive-level dashboard and reports provide visibility into the risk analysis, highlighting key risk metrics and policy compliance. Business process automation capabilities provide for real-time event escalation, automated risk processes, and streamlined remediation of issues and action items.

• Tracking Losses, Key Risk Indicators (KRI) with OpenPages ORM
  With loss event tracking, risk managers can track loss incidents and near misses, record amounts, and determine root causes and ownership. OpenPages ORM provides statistical and trend analysis capabilities and enables end-users to track remedies and action plans. Key risk indicators (KRI) provide capabilities for tracking risk metrics and thresholds, with automated notification when thresholds are breached. OpenPages ORM provides facilities for both manual and automatic data inputs from internal and external data sources.

About Old Mutual

Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

About OpenPages

OpenPages is the leading provider of integrated risk management solutions for global companies. The OpenPages Governance, Risk and Compliance (GRC) Platform empowers a risk-based approach to identify and manage key business risks across the enterprise. This approach enables companies to focus on what’s important and to avoid unexpected outcomes while improving performance. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in the United Kingdom, distribution partners in Japan and South Africa and regional offices throughout North America. For more information, please visit www.openpages.com.

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

OpenPages
John Kelly, 781-693-5925
[email protected]
or
North America
Lois Paul & Partners
Jessica Sutera, 781-782-5789
[email protected]
or
Europe
Harvard Public Relations
Gareth Williams, +44 208 564 6327
[email protected]

Source: OpenPages