SAS retains dominant leadership position in operational risk management report for fourth consecutive year

SAS® OpRisk Management capabilities recognised by Chartis Research global study

SYDNEY, Australia  (07 Apr 2008)  –  SAS, the leader in business intelligence, is again ranked as the leader in operational risk management by Chartis Research in its Operational Risk Management Systems 2008 report. Since 2005, Chartis has positioned SAS OpRisk Management in the top spot for “completeness of offering” and “market share potential.” SAS leads “a handful of software vendors [who] have established themselves as clear leaders and form the ‘premier league.’”

Chartis forecasts the worldwide operational risk management (ORM) market to grow to US$1.55 billion by 2011. The Chartis report is the most comprehensive independent study of the specialised ORM marketplace, looking at both the demand and supply sides of the market. It covers the main market and regulatory requirements as well as the competitive landscape. The evaluation examined a vendor’s core functionality, data management capability, vendor characteristics, implementation process, user friendliness, complexity, customisability/flexibility and costs.

Commenting on the Chartis finding, Brendon Smyth, SAS’ local general manager, Risk Intelligence, said, “Operational risk is an increasingly relevant issue and prudent organisations know they need world-class operational risk management (ORM) processes and tools in place to ensure good governance and statutory compliance.

“Leading organisations have moved from the traditional ‘box-ticking’ approach to operational risk management to an integrated approach that embeds risk management in day-to-day decision making and activity. With highly respected Chartis Research having yet again ranked SAS in top place for ‘completeness of offering’, organisations thinking about their own ORM requirements should be sure to look at SAS® OpRisk Management.”

SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimise capital allocation while mitigating risks in all areas of their organisations. Please visit SAS Risk Intelligence for more information.