Forrester evaluated 14 enterprise GRC platform vendors using 80 criteria and commented that âStrategic Thought demonstrated the deepest capabilities for risk management among the vendors evaluated.â
In the report Forrester also stated, âStrategic Thought has the best value proposition for ERM, supported by a proprietary risk engine, strong thought leadership, and customers managing both the positive and negative aspects of risk.â
âThis recognition from Forrester is encouraging. It acknowledges our strategy of expanding the capabilities of our Enterprise Risk Management (ERM) solution, Active Risk Manager, from its strong roots in project and program risk management. ARM enjoys an enviable customer base including 8 out of the top 10 Aerospace & Defence organisations and global names in a range of industries,â said Martin Metcalf, CEO Strategic Thought Group.
âWe enable organisations to effectively manage both risks and opportunities. This is applicable in the project arena and also at the enterprise level where ARM can add value through risk-adjusted corporate planning and performance,â added Metcalf.
Forrester gave ARM full marks (5 out of 5) in a range of the assessment categories including Risk and Control assessments, Risk Measurement and Modelling, Risk Quantification and Analytics and Scenario Modelling. Strategic Thoughtâs GRC Vision, Domain Strategy, Product Roadmap and Comprehensive ERM customers also gained maximum scores. Forrester also noted âStrategic Thought has demonstrated very impressive enterprise risk management implementations with demonstrable return on investment. ARM customers have shown the ability to use risk management as a method for improving business performance.â
âForresterâs acknowledgement of STGâs GRC strategy and the fact that it found our customers using ARM comprehensively across their organisations was particularly pleasing,â concluded Metcalf.