SAS, a provider of business analytics software and services, has been placed in the Leaders quadrant of the "Magic Quadrant for Operational Risk Management Software for Financial Services," a report issued by research firm Gartner Inc.
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 organization 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 organizational structures and professional services resources.”
Gartner’s report evaluated SAS software 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.”
SAS OpRisk Management is a comprehensive solution built on the SAS Business Analytics Framework, a blend of data integration, analytics and reporting capabilities. SAS OpRisk Management helps institutions optimize capital allocation while mitigating risks in all areas of their organizations.
In June 2009, SAS also ranked first in Chartis Research’s Operational Risk Management Systems 2009 report for a fifth straight year.
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