Spotlight on contracting: Umbrella vs Limited Company
August 20th, 2019
The Gartner report explained those in the “Visionaries quadrant are driving innovation in the market through integration with business process modeling, continuous controls monitoring, risk analytics, targeted vertical industry solutions, and other advanced capabilities beyond the core functions required to be in the Magic Quadrant. Visionaries have a solid understanding of the market, as demonstrated by domain expertise and responsiveness to customer expectations. They are actively executing against an aggressive product road map that expands support to additional regulatory and nonregulatory compliance and risk management needs, including support for the integration of GRC with business performance. In a consolidating market, smaller Visionaries will have to differentiate themselves with advanced functionality to remain competitive.”
“We believe SAS® Enterprise GRC has made great strides as evidenced by our Visionary position in Gartner’s report – both on ability to execute and completeness of vision,” said Clark Abrahams, SAS Product Marketing Manager for Enterprise GRC. “SAS is well-positioned to shape market demand for more analytics in the GRC space.”
In April 2011, SAS released the latest version of SAS Enterprise GRC, including enhancements such as a single corporate policy repository, a faster one-stop audit system and an updated comprehensive GRC program view.
Leading organizations selecting SAS Enterprise GRC to holistically understand enterprise risks and opportunities include Vattenfall. Vattenfall, Europe’s fifth-largest generator of electricity and its largest generator of heat, began its SAS implementation with financial risk and is expanding to other areas. The organisation manages about 1,000 risk measures in the system with around 200 users.
“We didn’t have a system for passing on the tasks or assignments to the different roles or users in the system,” said Dan Mansfeld, Risk Manager at Vattenfall. “That is definitely a strength of the SAS solution. We have a better picture of the entire risk database all in one place. Also, SAS is very strong in reporting, and we saw a huge potential for providing management with reports that they can drill into to get more detailed information, at various levels, to understand how the company or their unit is doing.”
According to the Gartner report, “the EGRC platform market derives from the need for many entities to improve the oversight of corporate governance – including financial reporting compliance, enterprise risk management (ERM) and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRC management (GRCM) needs associated with corporate governance and also enable an enterprise to pursue future consolidation and integration of a diverse set of GRC activities.”
“Organisations are now relying on GRC systems and frameworks to define business strategy and execution,” said Manoj Kulwal, SAS Enterprise GRC Product Manager. “SAS continues to develop innovative GRC solutions to help customers drive this evolution and achieve these renewed expectations.”
Source: SAS Press Center