SAS, the leader in business intelligence, is again ranked as the leader in operational risk management by Chartis Research in its Operational Risk Management Systems 2008 report. Since 2005, Chartis has positioned SAS OpRisk Management in the top spot for “completeness of offering” and “market share potential.” SAS leads “a handful of software vendors [who] have established themselves as clear leaders and form the ‘premier league.’”
Chartis forecasts the worldwide operational risk management (ORM) market to grow to US$1.55 billion by 2011. The Chartis report is the most comprehensive independent study of the specialised ORM marketplace, looking at both the demand and supply sides of the market. It covers the main market and regulatory requirements as well the competitive landscape. The evaluation examined a vendor’s core functionality, data management capability, vendor characteristics, implementation process, user friendliness, complexity, customisability/flexibility and costs.
“Chartis' continued top ranking of SAS OpRisk Management underscores our commitment to provide world-class enterprise risk management (ERM) software and services,” said David Rogers, SAS’ Global Product Marketing Manager for Risk. “This is further evidence that organisations want a partner that will help them improve their operational risk management culture and efficiently collect, measure and report data across governance, risk and compliance (GRC) initiatives.”
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 optimise capital allocation while mitigating risks in all areas of their organisations. Please visit SAS Risk Intelligence for more information.
SAS also ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report for a second straight year in October 2007.