SAS, the leader in business intelligence, has been placed in the Leaders quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services¹ by 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 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.”
“SAS customers know that a strong technology partner is critical in operational risk and compliance management initiatives,” said David Rogers, SAS’ Global Product Marketing Manager for Risk. “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.”