SAS has been placed in the Leaders' quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services by Gartner.
According to the report, the Leaders' “quadrant tends to be occupied by vendors with software applications that are addressing qualitative as well as quantitative aspects of risk management of ORM. These vendors have achieved a high level of market acceptance and enable a consistent view of operational risk across the organisation as compared to separately designed and implemented risk calculation engines or audit, control and compliance reporting tools.
"Such vendors approach operational risk more comprehensively and holistically across the enterprise and link operational risk to CPM. They have robust organisational structures and professional services resources.”
Gartner’s report evaluated SAS on its ability to execute and its completeness of vision. According to the report, "this axis (ability to execute) evaluates ORM software application vendors on the quality and efficiency of the processes, systems, methods or procedures that enable their performance to be competitive, efficient and effective, and to positively affect revenue, retention and reputation.”
The completeness of vision “axis evaluates ORM application vendors on their ability to convincingly articulate logical statements about current and future market direction, innovation, customer needs and competitive forces, and how well they map to the Gartner position.”
André Zitzke, solution specialist at SAS, adds: “SAS customers know that a strong technology partner is critical in operational risk and compliance management initiatives. In my opinion, this recognition from Gartner is a testament to the power that SAS' integrated quantitative and qualitative operational risk management application suite delivers to support a firm's enterprise risk management strategy.”
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 optimize capital allocation while mitigating risks in all areas of their organizations. Please visit SAS Risk Intelligence for more information.
The momentum for SAS in the operational risk management space was also evidenced by doubled revenue growth in operational risk sales for 2007 and securing the leadership position in Chartis’ Operational Risk Management Systems 2008 for the fourth straight year.