Chartis Research Again Ranks SAS® Enterprise GRC a Category Leader

SAS noted for advanced analytics, comprehensive data management, continuous reporting

CARY, N.C.--(BUSINESS WIRE)--SAS remains a category leader in Chartis Research’s Enterprise GRC Solutions 2012 report. SAS, the leader in business analytics, was in the leaders’ quadrant for “completeness of offering” and “market-share potential."

“a broad array of technical capabilities and an equally impressive range of support services”

According to Chartis, 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 at 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.”

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, i.e. the first (e.g. with transaction monitoring, front line risk scoring), second (e.g. with risk and control self-assessment, case management), and third (e.g. 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 a 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 SAS’ ready-to-use library of key risk indicators with configurable linkages and metadata and also the configurable analytics, workflows and reporting (tables, trend plots, heat maps, dashboards, 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.

In October 2012, SAS Enterprise GRC was placed in the Leaders quadrant of Gartner Inc.'s Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms¹ report. Also in June 2012, SAS was named a category leader in Chartis Research’s inaugural Basel 3 Technology Solutions 2012 report.

Learn more about SAS Enterprise GRC.

^{1. Gartner Research. Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms, French Caldwell, John A. Wheeler, Oct. 4, 2012.}

About Chartis

Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

Chartis Research is authorized and regulated by the Financial Services Authority (FSA) for providing investment advice - (www.chartis-research.com).

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 60,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW^®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2013 SAS Institute Inc. All rights reserved.