SAS enterprise GRC named again as category leader by Chartis Research

According to Chartis, a leading research and advisory services firm focused exclusively on the risk technology market, successful GRC vendors integrate flexible technology, ongoing innovation, scalable sales and marketing strategy, domain expertise and a 'one-stop shop' for qualitative and quantitative GRC metrics.

The report states that true enterprise GRC solutions need 'a broad array of technical capabilities and an equally impressive range of support services' to 'facilitate the implementation and custom deployment of their GRC solutions.'

"SAS has the highest scores in terms of our criteria for 'completeness of offering' with particular strengths in operational risk management functionality for the financial services industry," said Peyman Mestchian, Managing Partner, Chartis.

"SAS' high score is due to its advanced analytics, powerful data management and workflow capabilities and the ability to provide deep functionality for both financial and non-financial risk management and compliance. We were particularly impressed by examples of live projects for large complex financial institutions with sophisticated next generation technology solutions," he added.

Chartis touts SAS Enterprise GRC's comprehensive and continuous monitoring of risk and compliance exposures as improving 'governance and risk oversight for board and senior management.' The report highlighted the competitive advantage for EGRC vendors with 'technology capabilities for managing GRC across all three lines of defense; the first including transaction monitoring and front line risk scoring, the second risk and control self-assessment, case management and third composing of internal audit.' Chartis complimented SAS for covering a 'range of enterprise risk management needs including credit risk, market risk, asset liability management, operational risk/GRC, liquidity risk and financial crime.'

Chartis identified category leaders such as SAS as having 'the necessary depth and breadth of functionality, technology and content, combined with the organizational characteristics to capture significant market share by volume and value.' Leaders were noted for demonstrating best-in-class solutions with a clear strategy for sustainable, profitable growth paired with deep domain knowledge and extensive technology assets and capabilities.

Chartis described SAS Enterprise GRC as having an extensive, extensible and fully auditable data model and proprietary loss database. The report also highlighted the company's ready-to-use library of key risk indicators with configurable linkages and metadata and also the configurable analytics, workflows and reporting, which is composed of tables, trend plots, heat maps, dashboards and drillable visualizations.

"The greatest strength of SAS Enterprise GRC is how it adapts to meet specific customer needs without compromising a user's business requirements," said Clark Abrahams, SAS Product Marketing Manager for Enterprise GRC.

"Being named yet again as part of Chartis' leaders' quadrant for Enterprise GRC solutions reaffirms our position as a leading provider of advanced analytics for businesses across today's rapidly changing global markets. We are looking at this as a fitting testament for our efforts to provide assistance to today's organizations in their move towards optimizing business opportunities," said Shukri Dabaghi, General Manager, SAS Middle East.

In October 2012, SAS Enterprise GRC was placed in the leaders' quadrant of Gartner Inc.'s Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms 1 report. Also in June 2012, SAS was named a category leader in Chartis Research's inaugural Basel 3 Technology Solutions 2012 report.