Analyst report highlights SAS’ strengths in risk data management, analytics and reporting
CARY, NC (Dec. 18, 2006) – Yet another analyst report has confirmed SAS� leadership in the enterprise risk management space. SAS, the leader in business intelligence, was ranked first in the �core risk technology� category and second overall in Chartis Research�s RiskTech 100 report. The report, an overall market assessment of the top risk technology vendors, examined each vendor�s functionality, core technology, organizational strength, customer satisfaction and market presence.
�Our top ranking speaks volumes for SAS� leadership in the risk market,� said Peyman Mestchian, SAS� Director of Risk Management for Europe, the Middle East and Africa. �Core technology is the foundation for effective enterprise risk management and SAS� technology is unmatched.�
Chartis believes that �the traditional silo-based approach to managing risks adds little value to the business.� As a result, �core technology platforms [such as SAS become] enablers of change.�
Applauding the company�s breadth of offerings, the Chartis report states that �SAS� �key strength is its superior data management and risk analytics capabilities, providing the ability to offer a true end-to-end solution.�
While Chartis highlights both SAS Credit Risk Management for Banking and SAS OpRisk Management as software market leaders, SAS also provides offerings that address anti-money laundering, fraud detection and asset liability management.
The RiskTech 100 core technology category examined each vendor�s capabilities in data management, risk analytics and reporting. Noting that SAS is �very strong in the areas of data integration, data storage for analytics and data quality management.� Chartis highlights those areas as �critical to the success of any risk technology project.�
In risk analytics, Chartis named SAS an �industry leader in performing complex analysis of large amounts of data� with SAS� �optimisation routines and data handling capabilities � [providing] superior performance (time and cost) over most of its competitors.�
For reporting technology, Chartis recognized that �SAS� business intelligence (BI) capabilities provide a flexible environment for customers to define and generate risk measurement and monitoring information� which �facilitate a two-way interaction between users and systems allowing for risk diagnostics, scenario analysis and key risk indicator monitoring.�
Last month, SAS was positioned in the Leaders quadrant by Gartner Inc. in its Magic Quadrant for Basel II Software Applications, 2006 report.
[Source: �RiskTech 100: A comprehensive market assessment of the top 100 risk technology firms, 2006,� Chartis Research, November 2006.]
[Source: David Furlonger and Douglas McKibben, �Magic Quadrant for Basel II Software Applications, 2006,� Gartner Research, November 22, 2006.]
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis analyses the systems, products, vendors, applications and trends in the risk technology marketplace. This analysis is published in our flagship industry reports, white papers and research articles. Areas of focus include: Credit Risk Management Systems; Operational Risk Management Systems; Fraud Management Systems; Enterprise Risk and Compliance Management Systems; and Corporate Governance and Risk Management Methodologies and Best Practices.
About the Magic Quadrant
The Magic Quadrant is copyrighted November 22, 2006 by Gartner Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner�s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the �Leaders� quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to improve performance through insight into vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world The Power to Know®. www.sas.com