OpenPages Inc. has launched Version 5.5 of its governance, risk and compliance (GRC) platform, which lets risk managers throughout an enterprise easily access specific information that is critical to the decisions they make each day. The upgrade leverages standards-based Web 2.0 technologies to deliver an enhanced user interface, more powerful security administration and advanced configuration capabilities, says Gordon Burnes, vice president of marketing and sales.

At its core, Version 5.5 provides improved communication across management teams to ensure that qualitative and quantitative risk data is shared effectively, he explains. This enables users to uncover firm-wide exposures while also allowing individuals to oversee risks at business levels. By simply checking off boxes, managers throughout the company can create "activity views" that instantly let them check on the risks that are most relevant to their responsibilities. "Companies are realizing that to really manage, monitor and mitigate risks, the business managers closest to those risks must be able to easily view information," says Burnes.

Another key 5.5 enhancement, he notes, is an advanced security architecture that lets companies manage large numbers of users with access to GRC data at a granular level, while providing the companies with the ability to easily update access controls after organizational changes.