Reduce time to and cost of compliance with enterprise risk management

Ensuring the soundness of the world’s financial systems is the universal goal of regulatory bodies around the globe and a key motivating factor behind compliance mandates. But compliance often requires firms to overhaul business processes and invest in additional technology and human resources...all of which takes time and costs money. Noncompliance, however, isn’t an option – unless you’re looking for a fast way out of business. The good news is that SAS can help you shorten your time to compliance and lower your compliance costs. By infusing good risk management practices into every aspect of daily business, you can: Effectively manage your risk and ensure accurate risk measurements that will satisfy regulators. Reduce the costs you incur trying to meet regulatory compliance mandates. How SAS delivers true Enterprise Risk Management Collect meaningful data in one centralized place, with a single platform that integrates data from disparate channels and locations, regardless of format. Ensure data accuracy and integrity by applying embedded data quality techniques to consolidate, cleanse and standardize data. Employ tailored, self-service information delivery to get timely, interactive reports in the hands of management and regulators in the format and at the level of detail they require. Integrate spreadsheets securely, giving nontechnical users access to the power of SAS for analytics and reporting within a familiar Microsoft Office environment, while you maintain centralized control, security and documentation of complex spreadsheet formulas and macros. Achieve complete transparency with automated documentation and traceability throughout the process, so you can track down anomalies and answer regulatory inquiries on demand. Document and share end-to-end processes – from source data to final reports – with a self-documenting metadata environment that tracks all data movements. Why SAS for Enterprise Risk Management? Only SAS provides comprehensive data management that ensures data accuracy and consistency by integrating quality control and automating the entire data management process. Hundreds of predefined data structures and data transformation routines minimize the data requirements identification process and speed your time to implementation. No other vendor provides automated, end-to-end process documentation, so you can track information all the way back to the source and ease the pains associated with internal and external audits. Self-service business intelligence lets stakeholders interact directly with the information they need, without involving the Risk Management group or IT. SAS’ flexible architecture supports multiple business models and implementation practices and can be modified easily without requiring external consultants and programmers. End-to-end process integration – from data management, to analytics, to reporting – means there’s no need for other vendor solutions that require a systems integrator to make them talk to each other, which can add cost and complexity.

Looking for more information on risk management? Read Enterprise Risk Management in the Financial Services Industry, an International benchmark survey conducted by SAS. (login required) Download the SAS Risk Intelligence brochure. (PDF: 162KB) Read related success stories. Ready to put THE POWER TO KNOW® to work for you? Contact your local SAS office or call us toll free at 1-800-727-0025 (U.S. and Canada). Contact SAS for pricing information and to learn more about our products and solutions. Sign up for one of our free e-newsletters. Read Enterprise Risk Management in the Financial Services Industry, an International benchmark survey conducted by SAS. (login required)