Thomson Reuters today announced it has been positioned by Gartner, Inc. in its Leaders Quadrant of the "Enterprise Governance, Risk and Compliance Platforms Magic Quadrant" report.
Thomson Reuters Accelus is a leading suite of products which provide governance, risk and compliance solutions to a broad range of regulated industries. The Accelus suite, which was launched globally in April of this year, has united the strength of market-leading GRC brands such as Paisley, Complinet, Westlaw Business, Westlaw Compliance Advisor, Oden and West's Capitol Watch.
The Gartner Magic Quadrant for enterprise governance, risk and compliance (EGRC) platforms presents a global view of Gartner's assessment of the main software vendors that should be considered by organizations seeking a technology solution to support the oversight and operation of enterprisewide risk management and compliance programs, with the overall objective being improvements in corporate governance and the ability to achieve business objectives.
According to the Gartner report, "The EGRC platform market has expanded from a tactical focus on regulatory compliance to a strategic focus on enterprise risk management. Many vendors are looking toward the next market phase, which includes adding or integrating with business performance management and scorecarding capabilities."
Thomson Reuters Accelus was placed in the Magic Quadrant after Gartner evaluated the Thomson Reuters Enterprise GRC solution on its ability to execute and its completeness of vision. Enterprise GRC is a comprehensive audit, internal controls management, policy management and compliance software solution purpose-built to address connected governance, risk and compliance requirements.
"We believe being positioned in the Leaders Quadrant by Gartner is confirmation of our strategy and the vision behind our business," says David Craig, President, Thomson Reuters GRC.
"Thomson Reuters Accelus is designed to enable customers to accelerate their business," continued Craig. "It connects dynamically a company's business strategy, operations and transactions to the ever-changing regulatory environment. Our vision is to give businesses more choice and transparency to understand risk and implement effective corporate governance.
"Audit, risk and compliance professionals are faced with a revolution in their roles. We live in a culture of ever-changing business rules and dealing with it requires insight and new tools to react to those changes. Thomson Reuters GRC is about ensuring our clients are connected from the board right down to the very extremities of the business. It's the head of audit, the head of risk, the compliance officer, the general counsel, the corporate secretary. Everyone needs to be involved. The Thomson Reuters Accelus suite is designed to address these issues."