SAS positioned in Visionaries quadrant in leading industry analyst firm's enterprise governance, risk and compliance (GRC) platforms assessment
CARY, NC (18 luglio 2011) – SAS, the leader in business analytics software and services, has been placed in the Visionaries quadrant of Gartner Inc.'s Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms 1 report.
The Gartner report explained those in the "Visionaries quadrant are driving innovation in the market through integration with business process modeling, continuous controls monitoring, risk analytics, targeted vertical industry solutions, and other advanced capabilities beyond the core functions required to be in the Magic Quadrant. Visionaries have a solid understanding of the market, as demonstrated by domain expertise and responsiveness to customer expectations. They are actively executing against an aggressive product road map that expands support to additional regulatory and nonregulatory compliance and risk management needs, including support for the integration of GRC with business performance. In a consolidating market, smaller Visionaries will have to differentiate themselves with advanced functionality to remain competitive."
"We believe SAS® Enterprise GRC has made great strides as evidenced by our Visionary position in Gartner's report – both on ability to execute and completeness of vision," said Clark Abrahams, SAS Product Marketing Manager for Enterprise GRC. "SAS is well-positioned to shape market demand for more analytics in the GRC space."
In April 2011, SAS released the latest version of SAS Enterprise GRC, including enhancements such as a single corporate policy repository, a faster one-stop audit system and an updated comprehensive GRC program view.
Leading organizations selecting SAS Enterprise GRC to holistically understand enterprise risks and opportunities include Vattenfall. Vattenfall, Europe's fifth-largest generator of electricity and its largest generator of heat, began its SAS implementation with financial risk and is expanding to other areas. The organization manages about 1,000 risk measures in the system with around 200 users.
"We didn't have a system for passing on the tasks or assignments to the different roles or users in the system," said Dan Mansfeld, Risk Manager at Vattenfall. "That is definitely a strength of the SAS solution. We have a better picture of the entire risk database all in one place. Also, SAS is very strong in reporting, and we saw a huge potential for providing management with reports that they can drill into to get more detailed information, at various levels, to understand how the company or their unit is doing."
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 GRC activities."
“Organizations are now relying on GRC systems and frameworks to define business strategy and execution,” said Manoj Kulwal, SAS Enterprise GRC Product Manager. “SAS continues to develop innovative GRC solutions to help customers drive this evolution and achieve these renewed expectations.”
1. Gartner Research. Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms, French Caldwell, Tom Scholtz, John Hagerty, July 13, 2011.
The Magic Quadrant is copyrighted July 13, 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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