SAS in Leaders quadrant for enterprise governance, risk and compliance (GRC) platforms per leading industry analyst firm
SAS, the leader in business analytics software and services, has been placed in the Leaders quadrant of Gartner Inc.'s Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms1 report.
The Gartner report explains "The EGRC platform market is consolidating, and the vendors in this market have had time to develop their products and strategies. Customers are looking for Leaders to provide additional functionality, such as support for chief risk officers, integration with advanced BI and corporate performance management applications, business process modeling, more-flexible and ad hoc reporting, planning and resource management for internal audit, and content and specialized capabilities for risk management and compliance beyond the core functions, such as CCM. They also expect support across multiple geographies. The large vendors should be best positioned for these requirements, yet smaller vendors are in the Leaders quadrant because of continued viability, more-advanced functionality and market understanding."
"Users can do anything with our GRC solution," said Clark Abrahams, SAS Product Marketing Manager for SAS® Enterprise GRC. "SAS Enterprise GRC covers the broader areas like risk, policy and regulatory matters, and also specifics – applications, such as incident management; control testing, monitoring and enforcement; business continuity management; and a host of others."
According to Gartner, vendor "differentiation today is about the ability to deliver advanced risk management functionality, with analysis of the impact of risks on business performance, domain expertise in multiple highly regulated industries, and ease of use and configurability."
In May 2012, SAS released the latest version of SAS Enterprise GRC, including enhancements such as better workflow, more personalized menu options, and more control over the comprehensive GRC program view.
Leading organizations are selecting SAS Enterprise GRC to holistically understand enterprise risks and opportunities. "SAS Enterprise GRC provides Discount Bank with a robust and sustainable IT foundation and framework," said Limor Menachem, Head of Operational Risk at Israel Discount Bank. "The solution drives our development of governance, risk and compliance processes by providing best-practice functionality and experience as well as good risk management and compliance control."
According to the Gartner report, "the EGRC platform market derives from the need for many entities to improve the oversight of corporate governance – including financial reporting compliance, enterprise risk management (ERM) and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRC management (GRCM) needs associated with corporate governance and also enable an enterprise to pursue future consolidation and integration of a diverse set of operational, IT, legal and finance GRC activities."
1Gartner Research. Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms, French Caldwell, John A. Wheeler, Oct. 4, 2012. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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