Opus' Hiperos 3PM™ Information Security Solution Wins 2017 GRC 20/20 Award for Innovation in Best User Experience for Third Party Management

NEW YORK and LONDON and SINGAPORE, March 7, 2018 /PRNewswire/ -- Opus, the leading provider of global compliance and risk management solutions, today announced the company has been honored with the GRC 20/20 Award for Innovation in User Experience for Third Party Management for its Hiperos 3PM Information Security Solution. The solution delivers a new breed of GRC technology that leverages an intuitive Cloud platform to streamline third party management to make it more efficient, effective, and agile.

The GRC 20/20 award recognizes innovation in technology and user experience across the GRC market. GRC 20/20 Research is a leading independent analyst firm with real-world expertise, independence, creativity, and objectivity in the GRC industry. Organizations rely on GRC 20/20 for clarity, guidance and advice in dealing with a vast array of disruptive issues, processes, information and technologies in today's dynamic business environment. 

Opus' market leading third party management solution, Hiperos 3PM, modernizes how people work and interact with third party management processes across the enterprise. In June 2017, Opus enhanced Hiperos 3PM with the addition of its Information Security Solution. Opus has distinguished itself as a top GRC provider by automating information security assessments at the controls levels, a best-practice approach recommended by Chief Information Security Officers (CISOs.)

The Hiperos 3PM Information Security Solution brings the rigor of controls-driven assessments to the high volume and highly interactive discipline of third party management, including:

• Controls-based assessments of third party information security risks
• Rules-driven scoping of appropriate controls for each relationship
• Automatic creation of assessment work papers
• Integrated management of remediation
• Continuous monitoring of risks

"Opus' Hiperos 3PM Information Security Solution is an agile functionality for CISOs when navigating complex, distributed, and dynamic business environments," said Michael Rasmussen, GRC Pundit for GRC 20/20. "Upon assessment of the GRC landscape, this Information Security Solution offering is uniquely positioned to define, align, and monitor an organization's third-party management processes unlike any other solution we've seen in the marketplace."

"We are honored to be recognized by GRC 20/20, the leading independent research firm in the GRC market, for our Information Security Solution," said Lee Kirschbaum, Senior Vice President, Head of Product, Marketing, and Alliances at Opus. "Companies continue to face significant challenges in managing the risks associated with third parties. In a recent Opus and Ponemon study, 56% of companies had experienced a third-party data breach. We worked closely with CISOs and IT Vendor Risk Managers from the world's leading companies to develop a truly integrated third-party management solution, helping enterprises successfully identify and manage information security risks within their third-party relationships."

To read more about the Opus GRC 20/20 award and download the accompanying research report, please visit: https://www.opus.com/resource/information-security-risk-assessment-software-grc2020-winner/

About Opus

Opus is a global risk and compliance SaaS and data solution, founded on a simple premise: that faster, better decisions in compliance and risk management give businesses an extraordinary advantage in the marketplace.

Today, the world's most respected global corporations rely on Opus to free their business from the complexity and uncertainty of managing customer, supplier and third-party risks.

By combining the most innovative SaaS platforms with unparalleled data solutions, Opus turns information into action so businesses thrive.

For more information about Opus, please visit www.opus.com.

About GRC 20/20 Research, LLC

GRC 20/20 is the authority in understanding how organizations implement GRC practices that are effective, efficient and agile. Through independent research and industry interaction, GRC 20/20 advises the entire ecosystem of GRC roles within organizations, technology and knowledge solution providers, and professional service firms. Organizations engage GRC 20/20 when they need insight, guidance and advice in dealing with a dizzying array of disruptive issues, challenges, processes, information and technologies while trying to maintain control of a distributed and dynamic business environment. Visit GRC 20/20 at http://www.grc2020.com/ and follow on Twitter at @GRCPundit.

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SOURCE Opus

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