SAS leads the way

September 2010 News

SAS, the business analytics software and services company remains a leader in Chartis Research’s Operational Risk and GRC (governance, risk and compliance) Software Solutions 2010 report. Since 2005, Chartis has recognised SAS OpRisk Management for 'completeness of offering' and 'market-share potential'. Chartis, which has added the converging GRC market, also rated the recently announced SAS Enterprise GRC.

Chartis expects the worldwide financial services OpRisk and GRC technology market will grow to $2 billion by 2013, at a compound annual growth rate of 6,5%. The report considers both demand and supply, covering market and regulatory requirements as well as the competitive landscape.

“The new GRC solution demonstrates SAS is listening to both the market and the customer on converging risk needs,” said Peyman Mestchian, managing partner at Chartis. “SAS continues to impress our team of analysts and advisors with its innovation and execution.”

In 2009, SAS reinvested 23% of its $2,31 billion revenue in R&D. Chartis also believes vendors must offer an integrated proposition comprising flexible technology, on-going innovation, scalable sales and marketing strategy, domain expertise and a 'one-stop shop' for operational, credit and market risk solutions.

“As the GRC market matures, customers are expecting more integrated, complete and scalable software offerings,” said Manoj Kulwal, SAS Enterprise GRC product manager. “Our position in the Chartis report validates that SAS delivers on these evolving expectations.”

SAS OpRisk Management is built on the SAS Business Analytics Framework, a blend of data integration, analytics and reporting capabilities. It helps institutions optimise capital allocation while mitigating risks in all areas of their organisations.

SAS Enterprise GRC offers an integrated platform for comprehensive and continuous monitoring of risk and compliance exposures. Organisations can track risks based on trends in various operational systems. They can quickly identify and manage significant emerging exposures, and continuously update policies with regulatory changes to produce an audited, consolidated risk profile, especially for nonfinancial risks.

For more information contact SAS Institute South Africa, +27 (0)11 713 3400, michelle.chettoa@zaf.sas.com, www.sas.com





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