IBM OpenPages
Financial Services clients are facing several challenges in the implementation of governance, risk and compliance (GRC) due to the highly regulated nature of the industry. The need to take on risk with confidence is greater than ever before, due to rapidly changing business conditions, new regulatory obligations and the extra time and resources needed to remain compliant. Organizations recognize the importance of having a clear GRC strategy, versus waiting until after they receive a fine, audit or are facing ethical violations which can lead to staggering financial and reputational damage, business disruptions, and lost productivity. There is a growing need for next-generation platforms that can consolidate GRC activities and help tackle the pressure of larger, more severe penalties.
A user focused, end-to-end GRC solution is required that enables complete participation in GRC activities across the organization. Using such a tool, risk and compliance professionals can collaborate to empower the organization to make well-informed, risk management decisions.
The partnership between IBM and Infosys helps customers integrate their GRC solutions by combining elements of governance, reporting and compliance. Infosys is a strategic implementation and license re-sell partner with IBM since 2015, jointly helping clients in their GRC Digital Transformation journey.
About the Partnership
Infosys has Platinum level Partner World Status with IBM which provides Infosys with additional capabilities and flexibility to support clients in their GRC needs. The partnership combines Infosys’s delivery capabilities and deep domain expertise in risk with the proven technological leadership of IBM in developing industry-leading enterprise and operational risk management.
Why Choose Infosys
Infosys and IBM are heavily invested in trainings and skills development of our resources on the latest IBM technologies and industry trends.
Rich experience in GRC enablement with out of the box and custom solutions
Industry-leading training and skills for all products and services
Digital technology-powered pre-made accelerators for timely and successful implementation using Infosys’s proven Digital capabilities
As a partner of IBM, we get access to advanced technical support and early access to IBM technologies and resources. This enables us to be among the first to adopt and implement IBM’s latest technologies and innovations
We are strategically collaborative to develop and deliver innovative solutions that meet the evolving demand of the market
Services offered
Infosys offers Enterprise and Operational Risk advisory and consulting services, including IBM OpenPages product implementation, upgrade services, end-to-end design/build/testing services and program management. Infosys also has deep experience in on-prem/cloud implementation for delivering a software-as-a-service (SaaS) model. This expertise will help clients reduce the overall total cost of ownership (TCO), based on the predictability of the Infosys delivery model, ease-of-implementation, and their ability to leverage the latest technology.
Key Benefits
In addition to offerings such as GRC-as-a-Service, Risk Management-as-a-Service and ESG-as-a-Service, clients will also receive end-to-end system integration and implementation, cloudification, and other value-added benefits:
Software as a Service
Managed service offerings of FICO solutions on cloud
Cost-effective, scalable, autonomous, extensible solutions, faster time-to-market
Cloudification
Services for migration of the FICO solutions to clients’ and public clouds
Transformation to cloud, reduced TCO, scalability and flexibility
System Integration
Services such as implementations, upgrades, maintenance, testing, data integration, and support
Reliable and predictable, faster-time-to-market
Value-Added Services
Includes automated regression, dev ops pipeline, data integration, AI-based chatbots model tuning, and more
Model efficiency, model effectiveness, compliance and transparency
Business Process as a Service
End-to-end delivery of business processes to clients under a single umbrella of services
Full TCO optimization, from business to infrastructure; complete solution provided by a single partner
Key Offerings
- Infosys GRCaaS offers industry standard pre-configured GRC use cases on the IBM OpenPages product
- GRCaaS is fully integrated with Infosys data migration and configuration solutions
- GRCaaS offers customers flexibility to quickly deploy and upgrade GRC use cases
- Maintenance & Support : L3 support, bug fix, user support, L1, L2 support, minor enhancement
- Value-Added Services: Controls testing and observation management
- Couples with the Infosys GRC digital suite to bring cost efficiencies and automation
- Leverage Infosys’s proven Integrated Enterprise Risk Management Framework
- Provides integrated risk reporting within the organization to create a risk profile and prevent losses/failures
- Enables the organization to have a proactive approach to risk management rather than a reactive approach toward it, which helps them in the longer run
- Helps organizations identify, assess and mitigate risks in various aspects of their operations
- Offers services including risk assessment, compliance monitoring, threat detection and incident response leveraging data analytics and machine learning
- Provides scalability and flexibility to the organizations through cloud based solutions
- Powered by Infosys’s digital toolkit & Industry leading data integration strategy
- Highly configurable to meet specific ESG requirements
- Digital technology powered implementation accelerators
- Proven track record in delivering large complex programs
- Quick resolution of product & implementation issues
- Business APIs to combine external and internal data and provide contextual ESG intelligence
- Reliable, scalable, and secure on cloud
- Tailored out-of-box OR customized approach
- Rich experience and established approach to ESG best practices
- Improve operational efficiencies, process maturity & cost optimizations
