Optial announced today that Release 7.6 of its Optial ORM/GRC and Optial Business Intelligence software platform is now available, providing new functional capability as well as a raft of improvements.
Optial has focussed this major release on facilitating the delivery of many new functional capabilities, as well as providing further improvements to the overall offering which continue to deliver new features that provide greater user experience and flexibility as well as taking advantage of updated technology.
The key new functionality launched in this release includes:
- Business Continuity Management – we have a new module for this integrated in the Optial system which support BCP and recovery plans, business impact assessments; it comprehensively supports the best practice framework for BCM (as defined by the Business Continuity Institute’s Good Practice Guidelines.
- Scenario Templates – we now support scenario templates in Optial enabling the creation and authorisation of scenario details, including impact analyses on an impact/probability and financial basis and providing best and worst case scenarios; scenarios can be linked to risks, losses, etc held within the Optial system to provide management with a full view of the risk scenario.
- OpRisk Reporting Tool – the Optial Business Intelligence (OBI) system has been extended to enable external data from any number of different sources to be loaded into the OBI cube for enriched reporting and analysis alongside the Optial data
- KPIs and Performance Management – a further enhancement to OBI provides KPI and Performance Management capability, providing the business user with valuable performance based information across a whole range of reporting criteria.
Other new features and capabilities include Job Scheduling, Reporting of linked items in OBI, additional filtering to provide enhanced ability to view and manipulate data, data import through the Optial User Interface and Checklist Top-ups for maintaining checklists, questions and responses over time.
Commenting on this new release, Chris O’Brien, Optial’s CEO said: “We continue to respond to the demands of our users and the market and are pleased to launch this new functionally rich upgrade to our powerful Optial platform, enhancing the already feature-rich nature of the software. We are now looking towards our next major release (8.0) which will focus on significant User Interface changes to further enhance the user’s experience within Optial no matter whether they are frequent or infrequent users.”